The USVC Portfolio

USVC is actively deploying capital into private technology companies through select managers and direct investments.

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Updated as of June 25, 2026
38
Companies in the PortfolioCompanies
11
Sectors RepresentedSectors
58.2%
Capital DeployedCapital Deployed
Companies
Status
Sector
weight
 
Mercury
Private
Fintech
15.1%
 
Supabase
Private
Developer Tools
10.3%
 
SpaceX
IPO
Infrastructure & Compute
6.5%
 
Mercor
Private
Workforce & Talent
5.1%
 
Anduril
Private
Defense & Government
2.9%
 
Recursive
Private
Infrastructure & Compute
2.6%
 
Zip
Private
Enterprise Applications
1.1%
 
Crusoe
Private
Infrastructure & Compute
0.6%
...

Holdings data as of June 25, 2026. Allocations will change over time and are not indicative of future portfolio composition. Percentages show USVC’s economic exposure to each named company as a share of the fund’s net assets.

The fund’s net assets are subject to fluctuations and the shown percentages are approximations that will change over time. USVC holds portfolio companies directly, through funds, and through special purpose vehicles.

Certain holdings and private-company brands may be omitted due to confidentiality, marketing-rights restrictions, or de minimis portfolio weighting. Cash and cash equivalents are reflected in the weightings but are not separately listed, so individual weights may not sum to 100%. This is not a recommendation to buy, sell, or hold any security.

The goal is to capture the outliers.

We believe the entire VC model depends on being in the right rooms, backing the right people, and having enough exposure that when a breakout happens, you own a meaningful piece of it.

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Mercor
Clutch
Lassie
Vori
Baseten
Crusoe
Alt
Anthropic
Recursive
Quo
Lunar
Bubbles
Daily
Zed
Legora
Magical
Our Approach

Our investment strategy

We aim to back the investors who find great companies early.

Emerging

Managers

Our access enables us to follow the companies we believe will be the winners as they scale.

Growth

Rounds

We intend to source secondaries through our AngelList network.

Secondaries

Our team
Ankur Nagpal

Ankur Nagpal

General Partner

USVC's Portfolio Manager. Ankur was the founding GP of Vibe Capital and the founder and CEO of Carry, a modern financial platform designed to help founders, operators, and self-employed individuals optimize taxes and build long-term wealth. Prior to starting Carry, he founded Teachable, an online education platform that grew to millions of users before its acquisition.

USVC’s capital is guided by
experienced industry experts.

Private investing is defined by judgment. Our team has built their careers identifying high-growth opportunities early. They’ve managed risk over long horizons, and navigated private markets through multiple cycles.

Naval Ravikant

Naval Ravikant

Chairman, Investment Committee

Overseeing portfolio construction and strategy. Co-founder of AngelList. Early investments in 400+ companies, including Uber, Twitter, and Notion.

Erik Syvertsen

Erik Syvertsen

Founding Trustee

CLO of AngelList since 2017. Built the legal and compliance infrastructure supporting $125B in private assets.

Jeff Fagnan

Jeff Fagnan

Strategic Advisor

Founder of Accomplice. AngelList board member with two decades in venture. Early investor in Carbon Black, Pillpack, and Whoop.

Cyan Banister

Cyan Banister

Strategic Advisor

Co-founder of Long Journey Ventures. Former Founders Fund partner. Early investor in Uber, SpaceX, and DeepMind.

Arielle Zuckerberg

Arielle Zuckerberg

Strategic Advisor

General Partner at Long Journey Ventures. Previously at Coatue and Kleiner Perkins.

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Become one of them.

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Investors should carefully consider the investment objectives, risks, sales charges, and expenses of USVC before investing. USVC's prospectus contains this and other information and may be obtained at http://usvc.com/prospectus or by calling +1 (888) 200-4361. Read the prospectus carefully before investing.


An investment in the Fund involves material risks and should be considered speculative. There can be no assurance that the Fund will achieve its investment objective, that investors will receive distributions, or that investors will not lose all or a substantial portion of their investment. Shares are not listed on any exchange, have no public trading market, and are illiquid. Liquidity is limited to periodic repurchase offers made at the discretion of the Board, which are not guaranteed. You should not expect to be able to sell your shares other than through the Fund's repurchase policy, regardless of the Fund's performance. This investment is suitable only for long-term investors who can bear the risks of limited liquidity. Past performance does not guarantee future results. Fees and expenses may reduce returns.

The Fund is recently formed, has limited operating history, and has limited financial information available for evaluation. The investment adviser has no prior experience managing a closed-end, registered investment company. The Fund's portfolio may be concentrated in a limited number of investments or sectors, which may increase the risk of loss from adverse developments affecting a particular company, industry, or market segment. The Fund's performance may be closely tied to technology issuers and therefore sensitive to factors impacting that sector.

The Fund primarily invests in private funds and private companies that are not publicly traded. As a result, the fair value of the Fund's investments is uncertain and may be difficult to determine. Valuations are often based on good-faith fair value determinations that are subjective and may rely on limited or incomplete information; actual values realized may differ, potentially materially. These investments are highly illiquid and generally subject to legal and contractual transfer restrictions.

Realization events may not occur for years, if at all, resulting in extended holding periods. The Fund may be unable to sell investments when deemed necessary, and if required to liquidate quickly, may realize significantly less than previously recorded values. Investments in private funds involve indirect fees and expenses, limited operating histories and financial resources, limited transparency and information, and high volatility, each of which may increase the risk of loss.

This communication is for informational purposes only, is not a recommendation or investment advice, and does not constitute an offer to buy, sell, or hold any security or to enter into any transaction. Any such offers will be made only by USVC's prospectus, which should be reviewed carefully before investing.


USVC Venture Capital Access Fund is distributed by North Capital Private Securities (NCPS), member FINRA/SIPC. NCPS is not affiliated with USVC’s adviser or its affiliates.


The amount of any distributions is uncertain. Investors may be required to pay taxes on distributions regardless of whether they receive cash. General economic, market, and geopolitical conditions, including changes in interest rates, inflation, and capital market volatility, may adversely affect the Fund's investments, valuation, and returns.


Any quote included on this website is provided for informational purposes only and is not a testimonial or endorsement of advisory services. Past experiences or statements are not indicative of future results and are not a guarantee of performance. Please refer to the prospectus for further information.