June 11, 2026
Powerlaw Corp.Nasdaq: PWRLOnly forbig thinkers.Only forMars seekers.Only forworld changers.Only foreveryone.Powerlaw Corp.Only forbig thinkers.big thinkers.Mars seekers.world changers.everyone.Nasdaq: PWRL
18 leading private tech companies. One Nasdaq-listed stock. A public venture capital fund built by venture capitalists. Only for everyone.
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A Curated Portfolio of Private Tech.
Now available in one stock, tradable on Nasdaq. Powerlaw Corp. (Nasdaq: PWRL) is the flagship fund from Powerlaw Capital Group, an asset management firm building a publicly-listed platform for private technology investing.
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0.06%Private Tech. Nasdaq Listed. Only for everyone.
Powerlaw Corp. offers the access you've been wanting with the wisdom you've been waiting for. As more of the world's most consequential technology companies stay private longer, an entire generation of investors has been locked out of the value creation those companies represent.
Powerlaw Corp. (Nasdaq: PWRL) is built to change that as a Nasdaq-listed fund offering exposure to leading private technology companies through a single ticker. Powerlaw Corp. is the first product on Powerlaw Capital Group's platform.
FUND DETAILS
Ticker*PWRL
Listing Venue*Nasdaq
AdviserPowerlaw Fund Adviser, LLC.
Net Asset Value (NAV)$662.0M
NAV Per Share$15.31
Annual Management Fee*2.5%
Updated monthly. Last updated 05/31/2026.
We believe the world’s most transformative companies should be within everyone’s reach.
Powerlaw Corp. (Nasdaq: PWRL) seeks to provide investors with exposure to leading private technology companies through a single Nasdaq-listed security.
LEARN MOREDecades of VC Expertise
More than 875 secondary transactions across 16 years of private technology investing.
Powerlaw Corp. (Nasdaq: PWRL) is advised by Powerlaw Fund Adviser, LLC a registered investment adviser. Akkadian's heritage informs Powerlaw's investment approach.
Akkadian Ventures is an venture secondary firm in the private technology market, providing liquidity to founders, employees, and investors since 2010, building a deep origination engine inside the private-technology economy.
$1.36B
Assets under management*
134
portfolio companies*
57
portfolio exits*
5,000+
raise global community
*As of March 30, 2026
News
A History of Firsts
Powerlaw Corp. (Nasdaq: PWRL) is the first product of Powerlaw Capital Group and managed by Powerlaw Fund Adviser, LLC. The firm is backed by Akkadian Ventures' 16-year heritage in institutional private-company secondary markets.
One of the First in Secondaries
Ben Black and Pete Smith launched Akkadian Ventures to buy direct secondary shares from employees, founders, and early investors – when the market was still < $20B and largely unproven.
Scaling the Secondary Market
Akkadian closes its latest and largest flagship fund: $276M Fund VI to continue building one of the leading direct-secondary platforms in the market.
Expansive Innovation Engine
PWRL begins trading on the Nasdaq Stock Market as the first product of Powerlaw Capital Group. The US Venture Capital Market now exceeds $1.24 Trillion.
RAISE Global Established
Akkadian creates RAISE Global, which becomes one of the leading LP–GP emerging manager conferences connecting forward-thinking allocators with next-generation venture talent.
Powerlaw Capital Group Launches
Powerlaw Capital Group emerges as a platform with the goal of bringing exposure to leading private technology companies into the public market for investors globally.
Frequently Asked Questions.
We want to bring as much transparency as possible to accessing private market investing. If you're not finding the answers you're looking for, contact us at: Info@PWRL.com
Powerlaw Corp. (Nasdaq: PWRL) is a listed closed-end fund registered under the Investment Company Act of 1940, offering exposure to leading private technology companies through a single Nasdaq-listed security. It provides daily liquidity, monthly NAV reporting, and quarterly portfolio disclosure.
Powerlaw Corp. (Nasdaq: PWRL) is the first product of Powerlaw Capital Group and advised by Powerlaw Fund Adviser, LLC. The firm is backed by Akkadian Ventures' 16-year heritage in private-company secondary markets.
Portfolio holdings are carried at fair value, determined under the Fund's valuation policies with input from independent valuation sources. Inputs include recent primary financings, secondary market transactions, and comparable-company multiples.
In an IPO, the Fund's position converts to listed equity, generally subject to a customary lock-up. In a sale, the Fund receives cash, stock, or a mix of consideration. Proceeds are reflected in NAV and may be available for reinvestment or distributions.
No. Shareholders own PWRL; the Fund owns the underlying private positions. Buying PWRL provides economic exposure to the portfolio through a single security listed on NASDAQ.
Powerlaw Corp. publishes monthly NAV and NAV per share, with quarterly portfolio disclosures. All filings are available on PWRL.com and through the SEC's EDGAR system.
Investing in PWRL involves a number of significant risks. Before you invest in PWRL, you should be aware of various risks associated with the investment, including those described in our prospectus. The prospectus contains this and other information about the Fund, and is available free of charge at www.PWRL.com. You should carefully consider these risk factors, together with all of the other information included in the prospectus, before you decide whether to make an investment in PWRL. If any of the events listed in the prospectus occur, our business, financial condition and results of operations could be materially and adversely affected. In such case, you may lose all or part of your investment.