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Forge Accuidity Private Market Index

The Forge Accuidity Private Market Index was developed to track over 60 privately held, late-stage venture-backed US companies.

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Index performance of hypothetical $10,000
Chevron
Forge Accuidity Private Market Index
SPY
QQQ
IWM
IPO
Annual Returns 2019 2020 2021 2022 2023 2024 2025 2026 YTD
Forge Accuidity Private Market Index 14.0% 138.8% 48.7% -44.8% -22.0% 17.0% 62.8% 30.3%
SPY 31.2% 18.4% 28.7% -18.2% 26.2% 24.9% 17.7% 11.3%

Non-Forge Accuidity Private Market Index data from Quandl and Sharadar.

The performance of the Forge Accuidity Private Market Index above does not represent the performance of any actual investment, as you cannot invest in the index, but rather reflects the hypothetical growth of a $10,000 investment in a basket of securities based on the Index. Read additional disclaimers.

Index composition

Companies

Company Sector & Subsector Weight Return QTD Return YTD
6sense 6sense
Enterprise Software
Sales & Marketing / Adtech
0.17% 0.00% -7.00%
Addepar Addepar
Fintech
Fintech Software
0.18% 0.00% -23.00%
Airtable Airtable
Enterprise Software
Communication & Collaboration Software
0.28% 0.00% -5.00%
Algolia Algolia
Enterprise Software
Data Intelligence
0.18% 0.00% -3.00%
Anduril Anduril
Industrial
Aerospace & Defense
6.34% 0.00% +13.00%
Anthropic Anthropic
Enterprise Software
Data Intelligence
12.16% 0.00% +116.00%
Apptronik Apptronik
Industrial
Robotics
0.42% 0.00% 0.00%
Arctic Wolf Arctic Wolf
Enterprise Software
Cybersecurity
0.33% 0.00% 0.00%
Attentive Attentive
Enterprise Software
Sales & Marketing / Adtech
0.17% 0.00% -12.00%
Automation Anywhere Automation Anywhere
Enterprise Software
Productivity
0.19% +1.00% +1.00%
Cerebras Cerebras
Technology Hardware
Computing Hardware
3.21% -17.00% +371.00%
Chainalysis Chainalysis
Fintech
Blockchain Software
0.16% 0.00% -14.00%
Cohesity Cohesity
Enterprise Software
Data Management / Storage
0.37% 0.00% 0.00%
ConsenSys ConsenSys
Fintech
Blockchain
0.19% 0.00% 0.00%
Cribl Cribl
Enterprise Software
Cloud / Networking Infrastructure
0.34% 0.00% 0.00%
Crusoe Crusoe
Energy
Energy Efficiency
2.18% 0.00% +168.00%
Databricks Databricks
Enterprise Software
Data Intelligence
6.90% 0.00% +22.00%
Dataminr Dataminr
Enterprise Software
Data Intelligence
0.15% -1.00% -22.00%
Deel Deel
Enterprise Software
Human Resources
1.35% +9.00% +2.00%
Discord Discord
Consumer & Lifestyle
Social
0.67% 0.00% +17.00%
Epic Games Epic Games
Consumer & Lifestyle
Gaming
0.99% +4.00% -30.00%
EquipmentShare EquipmentShare
Industrial
Construction
0.32% -10.00% -27.00%
Fanatics Fanatics
Consumer & Lifestyle
Clothing, Fashion, Beauty & Apparel
1.34% 0.00% 0.00%
Figma Figma
Enterprise Software
Business Operations
0.86% +30.00% -37.00%
Figure AI Figure AI
Industrial
Robotics
2.67% 0.00% 0.00%
Fin Fin
Enterprise Software
Sales & Marketing / Adtech
0.19% 0.00% +3.00%
Flexport Flexport
Industrial
Logistics
0.17% 0.00% -10.00%
Glean Glean
Enterprise Software
Data Intelligence
0.51% 0.00% -22.00%
Groq Groq
Enterprise Software
Data Intelligence
0.19% 0.00% +115.00%
Gusto Gusto
Enterprise Software
Human Resources
0.39% 0.00% 0.00%
Harness Harness
Enterprise Software
Software Development
0.24% 0.00% -45.00%
Kalshi Kalshi
Fintech
Capital Markets
1.60% 0.00% +80.00%
Kraken Kraken
Fintech
Blockchain
0.75% -19.00% -23.00%
Lambda Lambda
Enterprise Software
Cloud / Networking Infrastructure
0.61% 0.00% -15.00%
Lightmatter Lightmatter
Technology Hardware
Computing Hardware
0.41% -5.00% +70.00%
Mercury Mercury
Fintech
Digital Banking
0.36% +2.00% +17.00%
Motive Motive
Industrial
Logistics
0.20% 0.00% +6.00%
Navan Navan
Enterprise Software
Business Operations
0.49% +11.00% +48.00%
Neo4j Neo4j
Enterprise Software
Data Management / Storage
0.16% 0.00% -17.00%
Netskope Netskope
Enterprise Software
Cybersecurity
0.38% +21.00% -24.00%
Neuralink Neuralink
Healthcare
Medical Devices
1.16% 0.00% 0.00%
OpenAI OpenAI
Enterprise Software
Data Intelligence
5.43% 0.00% -4.00%
Perplexity Perplexity
Enterprise Software
Data Intelligence
1.48% 0.00% -7.00%
Plaid Plaid
Fintech
Fintech Software
0.53% 0.00% +6.00%
Polymarket Polymarket
Fintech
Blockchain
0.93% -5.00% +16.00%
Postman Postman
Enterprise Software
Software Development
0.17% -25.00% -33.00%
PsiQuantum PsiQuantum
Technology Hardware
Computing Hardware
0.39% 0.00% -10.00%
Ramp Ramp
Fintech
Digital Banking
3.49% +1.00% +36.00%
Redwood Materials Redwood Materials
Energy
Energy Storage
0.36% -5.00% -19.00%
Ripple Ripple
Fintech
Payments
1.35% -3.00% -24.00%
Rippling Rippling
Enterprise Software
Human Resources
1.23% 0.00% -11.00%
SandboxAQ SandboxAQ
Enterprise Software
Data Intelligence
1.08% 0.00% +167.00%
Saronic Saronic
Industrial
Aerospace & Defense
0.98% 0.00% +52.00%
Shield AI Shield AI
Industrial
Aerospace & Defense
0.87% 0.00% +89.00%
Skild AI Skild AI
Industrial
Robotics
1.24% 0.00% +1.00%
SpaceX SpaceX
Industrial
Aerospace & Defense
16.01% -21.00% +61.00%
Stripe Stripe
Fintech
Payments
11.25% 0.00% +100.00%
Tanium Tanium
Enterprise Software
Cybersecurity
0.33% 0.00% +37.00%
ThoughtSpot ThoughtSpot
Enterprise Software
Data Intelligence
0.13% 0.00% -29.00%
Turo Turo
Transportation
Ridesharing
0.16% 0.00% -12.00%
Upgrade Upgrade
Fintech
Digital Banking
0.32% 0.00% -30.00%
Vercel Vercel
Enterprise Software
Software Development
0.63% 0.00% -17.00%
Verkada Verkada
Technology Hardware
Computing Hardware
0.43% 0.00% +13.00%
Workato Workato
Enterprise Software
Productivity
0.21% 0.00% +13.00%
Zipline Zipline
Transportation
Delivery Services
0.77% +53.00% +76.00%

Sector allocation

Sector
Enterprise Software37.3%
Industrial29.2%
Fintech21.1%
Technology Hardware4.4%
Consumer & Lifestyle3.0%
Energy2.5%
Healthcare1.2%
Transportation0.9%

Methodology

The Index tracks privately held, late-stage venture-backed US companies with post money valuation of at least $500 million.

Index constituents are weighted according to their Forge Price Implied Valuations relative to the total of all index names. Weights are capped at 7.5% and excess weight is distributed pro-rata across all other index names.

Index is constructed using a proprietary scoring model and quality factor screens to select high quality companies.

Forge Price Implied Valuation is a Forge-derived metric that calculates an issuer’s implied valuation as it relates to changes in the issuer’s Forge Price™ relative to the issuer’s last known primary funding round price per share.

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PLEASE READ THESE IMPORTANT LEGAL NOTICES & DISCLOSURES

The Forge Accuidity Private Market Index (“FAPMI”) is a custom index calculated and disseminated by Forge Data LLC (“Forge Data”) and is a mark of Forge Data. The FAPMI may rely on a very limited number of trade and/or IOI inputs in its calculation. The FAPMI is prepared and disseminated solely for informational purposes. While Forge has obtained information from sources it believes to be reliable, Forge does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives. Forge does not guarantee the accuracy, completeness, timeliness, or availability of the FAP, and are not responsible for any errors or omissions, regardless of the cause, or any results obtained from the use of the FAPMI. The FAPMI is derived from the performance and pricing activity of the underlying constituents based on secondary activity on the Forge platform and other private market trading platforms.  The FAPMI is not intended to, and does not necessarily, represent the market price of any securities (I.e., the price at which you could buy or sell such securities). Neither reference to company names, nor inclusion of companies in the FAPMI, implies any affiliation between Forge and that company, any endorsement or sponsorship by Forge of any company or vice versa, or any partnership, joint venture or other commercial relationship between Forge and any company. Rights with respect to any company marks referred to herein are owned by the company.

Any investment products managed by third-parties which seek to track the FAPMI are not affiliated with Forge, and Forge and is not responsible for the approval of any investments, the management of, or the investment decisions with respect to any such third-party products. Forge makes no assurance that any such third-party investment products based on or underlying the FAPMI will accurately track index performance or provide positive investment performance.

Investing in private company securities is not suitable for all investors, is highly speculative, is high risk, and investors should be prepared to withstand a total loss of their investment. Private company securities are highly illiquid and there is no guarantee that a market will develop for such securities. Each investment carries its own risks, and investors should conduct their own due diligence regarding the investment, including obtaining independent professional advice. Past performance is not indicative of future results. This is not a recommendation, offer, solicitation of an offer, or advice to buy or sell securities by Forge, nor an offer of brokerage services in any jurisdiction where Forge is not permitted to offer brokerage services.

“Index Performance of Hypothetical $10,000” chart full disclaimer with respect to Forge Accuidity Private Market Index performance:The chart above does not represent the performance of any actual investment, as you cannot invest in an index. Additionally, it assumes reinvestment of dividends and capital gains in the constituent securities but does not reflect any fees or commissions that may be incurred in purchasing or selling such securities, which would lower the figures shown if included. Further, $10,000 may not be a sufficient amount to invest simultaneously in all securities contributing to the performance shown, which would further prevent an investor from matching the performance shown. The performance shown represents past performance, and past performance is not indicative of future results.