Destiny CEO Calls Private-Tech Fund’s Meme-Like Surge a ‘Discovery Process’
- DXYZ among first public funds to offer private equity access
- Fund trades at huge premium despite volatile debut, risks
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Meme-stock euphoria turned a closed-end fund into a billion-dollar behemoth this week, untethering it from the stated valuations of its privately held holdings.
Now its creator says it’s all part of a “discovery process” among investors trying to figure out what its yet-to-list technology companies are worth.