In this article, I will review the top private market investment platforms for 2026 that have redefined the accessibility of private equity, venture capital, pre-IPO shares, and alternative investments.
Platforms reviewed offer institutional-caliber tools with transparent reporting and diverse offerings across global markets. Private equity options range from Raziel’s multi asset dashboard to the niche offering of iFundWomen; both offer unique strengths, fees, and differing liquidity options, making them attractive both to investors and advisors.
What Are Private Market Investment Platforms?
Private market investment platforms are digital systems that allow investors to access, manage, and allocate capital to opportunities beyond public markets. These systems open private equity, venture capital, real estate, hedge funds, pre-IPO shares, and alternative assets that were available only to institutions in the past.
Private market investment platforms simplify the due diligence, reporting, and tracking of portfolios while allowing for the building of secondary markets to improve liquidity and integrations with custodians on a global basis.
Systems such as Raziel, EquityZen, and Moonfare are examples of private market investment platforms that have lower minimums and increased transparency thereby allowing more individual participation, as well as participation by advisors and family offices, and enabling the diversification and long-term growth of capital.
Key Points
| Platform | Focus Area | Best For | Key Strengths |
|---|---|---|---|
| Raziel | Multi-asset (PE, VC, real estate, crypto, collectibles) | Individual investors & family offices | Broadest coverage, automated valuations, 500+ integrations |
| Kubera | Net worth & private asset tracking | High-net-worth individuals | Consolidated view across crypto, real estate, traditional assets |
| EquityZen | Pre-IPO startup shares | Retail investors & accredited buyers | Marketplace for private company shares, liquidity access |
| YieldStreet | Alternative assets (art, marine, real estate) | Diversification seekers | Curated deals + portfolio management |
| Moonfare | Private equity & VC funds | Accredited investors | Access to top-tier PE funds, strong analytics |
| iFundWomen | Women-led startups | Impact investors | Niche focus, combines funding + portfolio tools |
| Juniper Square | Real estate private markets | Property sponsors & investors | Institutional-grade property management + investor relations |
| iCapital | Private markets access | Financial advisors & clients | Robust reporting, due diligence, advisor-focused |
| CAIS | Hedge funds, PE, structured products | RIAs & wealth managers | Advisor-first platform, broad alternative access |
| Altruist | RIA-focused alternative tracking | Financial advisors | Integrated portfolio + alternative investment tools |
1. Raziel
Founded in 2021, Raziel is a consolidated private market platform encompassing equities, venture capital, real estate, crypto, and other collectibles, all in one place. Raziel’s management fees range from 0.50% to 1.0% based on the type of asset.
Through its modular structure, Raziel enables institutions, families, and individuals to manage and make investments conveniently. Raziel invests globally and integrates over 500 custodians and banks and is one of the most connected markets out there.
Although liquidity is limited, Raziel has secondary market options and automated valuation to help make exits. Its strength is in automated consolidated reporting and updates to NAV for investors interested in assets that are not as readily liquid.
| Feature | Details |
|---|---|
| Founded | 2021 |
| Fees | 0.5%–1% depending on asset type |
| Investment Structure | Modular, multi‑asset (PE, VC, real estate, crypto, collectibles) |
| Geographic Focus | Global, 500+ custodian integrations |
| Liquidity | Limited, with secondary market options |
| Exit Options | Automated valuations + secondary trades |
| Accessibility | Individual investors, family offices, institutions |
| Reporting | Automated NAV updates |
| Strength | Broadest coverage across private markets |
| Differentiator | Consolidated multi‑asset dashboard |
Raziel Advantages & Disadvantages
Advantages:
- Multi asset coverage (PE, VC, real estate, crypto, collectibles)
- Automated valuations and NAV updates
- Over 500 custodian integrations
- Has a secondary market for limited liquidity
- Available for individuals, family offices and institutions
Disadvantages:
- Long holding periods
- Fees specific to each asset class (0.5%-1%)
- Still a developing secondary market
- Complex reporting
- For certain deals requires accredited investor status
2. Kubera
Kubera, which was founded in 2019, is a net-worth tracking platform that includes private market assets for real estate, startups, and crypto. In contrast to most platforms that charge fees on a per transaction basis, Kubera charges an annual subscription fee ranging from $150 to $300. Kubera offers an investment structure of portfolio aggregation that enables investors to manage their holdings across banks, brokers, and cryptocurrency wallets.
Kubera’s geographic focus is global and provides high net worth individuals with a tracking platform that reflects traditional and alternative assets. Kubera does not facilitate liquidity and exit options. It helps its investors with tracking valuations and provides custodian integrations. Kubera’s greatest strength is its automation and transparency.
| Feature | Details |
|---|---|
| Founded | 2019 |
| Fees | Subscription $150–$300 annually |
| Investment Structure | Portfolio aggregation, net‑worth tracking |
| Geographic Focus | Global |
| Liquidity | Not facilitated directly |
| Exit Options | Valuation tracking only |
| Accessibility | High‑net‑worth individuals |
| Reporting | Consolidated dashboard |
| Strength | Holistic view of public + private assets |
| Differentiator | Crypto + real estate integration |
Kubera Advantages & Disadvantages
Advantages:
- Lump sum net worth valuation for both public and private markets
- Global integration supporting real estate and crypto
[6-Note missed] - Subscription pricing: $150-$300
- Valuation updates
- User interface is designed to be simple
Disadvantages:
- Tracking only, no direct investment or liquidity
- Needs custodian integration for accuracy
- Subscription may be expensive for casual investors
[8-Note missed] - Limited to tracking
- No developed secondary market
3. EquityZen
EquityZen launched in 2013, and is a marketplace for pre-IPO shares. EquityZen’s marketplace is designed for early startup employees and early investors of startup companies and accredited investors. Typically, EquityZen’s fees range between 5% and 10% of the transaction amount.
Its primary focus is on U.S. based startups, although EquityZen has recently begun working with Global Unicorns. Pre-IPO shares liquidity is provided by EquityZen via secondary transactions. The only options for exiting an investment are through an IPO or acquisition.
This makes EquityZen a good option for funding runway for high-growth companies. One of the major advantages of EquityZen is that it offers the ability to invest in private tech companies for a small fraction of what it costs to invest via traditional venture capital firms.
| Feature | Details |
|---|---|
| Founded | 2013 |
| Fees | 5%–10% transaction fees |
| Investment Structure | Marketplace for pre‑IPO shares |
| Geographic Focus | Primarily U.S., expanding globally |
| Liquidity | Secondary transactions |
| Exit Options | IPOs or acquisitions |
| Accessibility | Accredited investors |
| Reporting | Deal‑specific documentation |
| Strength | Democratized access to unicorns |
| Differentiator | Smaller ticket sizes vs VC funds |
EquityZen Advantages & Disadvantages
Advantages:
- Access to pre-IPO unicorn shares.
- Secondary share transactions.
- Smaller ticket size compared to VC funds.
- Strong US focus with international expansion.
- Thorough deals documentation.
Disadvantages:
- High transaction fees (5-10%).
- Limited to accredited investors.
- Liquidity is through IPO or acquisition.
- Investing in equity that has a high risk of failing.
- Focused primarily in the US.
4. YieldStreet
YieldStreet, founded in 2015, is an alternative investments company that focuses on private credit, art, marine and real estate investments. YieldStreet charges management fees in the range of 1%-2% and sometimes performance fees based on the investments individual products.
YieldStreet’s investment structure is deal-based, meaning that investors are presented curated opportunities to invest if they so choose. YieldStreet focuses primarily on the U.S. based deals with some international opportunities. Liquidity is limited and most of the investments are illiquillilty until the deal’s term matures.
Yield Street offers secondary trading for some of its investments. Deal duration is in the range of 3-7 years. The core strength of YieldStreet is providing investors with access to a variety of alternative asset classes that historically have been limited to institutional investments.
| Feature | Details |
|---|---|
| Founded | 2015 |
| Fees | 1%–2% management + performance fees |
| Investment Structure | Deal‑based alternative assets |
| Geographic Focus | U.S. with select global |
| Liquidity | Limited, some secondary trading |
| Exit Options | Deal maturity (3–7 years) |
| Accessibility | Retail investors |
| Reporting | Curated deal insights |
| Strength | Diversification into niche assets |
| Differentiator | Access to art, marine, private credit |
YieldStreet Advantages & Disadvantages
Advantages
- Private credit, art, marine, and real estate investments
- Curated deals for retail investors
- Real-time reporting and analytics
- Secondary trading for select products
- Lower minimums compared to institutional funds
Disadvantages:
- Illiquid until deal maturity (3-7 years)
- Fees (1%-2% + performance) can erode returns
- Limited international reach
- Higher risk in off-the-beaten-path markets like marine finance
- Secondary market not available for all deals
5. Moonfare
Moonfare was established in 2016 and specializes in making private equity and venture capital fund investments accessible.
It charges standard management fees and performance fees comparable to traditional fund managers (1-2% and 20% respectively). Moonfare’s investment infrastructure is constructed as feeder funds, allowing accredited investors to make much smaller minimum investments (starting at €50,000) than typical private equity fund investments. In addition to Europe, Moonfare’s investment geographic focus includes Asia and the U.S.
It has strong partnerships with top fund managers across these regions. Moonfare has built a secondary investment market that increases operational liquidity; however, capital invested remains locked until the exit occurs, and this is generally 7-10 years after the fund is created. Moonfare’s focus is making high quality private equity funds accessible to investors.
| Feature | Details |
|---|---|
| Founded | 2016 (Berlin) |
| Fees | 1%–2% management + carried interest |
| Investment Structure | Feeder funds into PE/VC |
| Geographic Focus | Europe, Asia, U.S. |
| Liquidity | Secondary market available |
| Exit Options | Fund distributions (7–10 years) |
| Accessibility | Accredited investors (€50,000 minimum) |
| Reporting | Fund analytics |
| Strength | Access to elite PE funds |
| Differentiator | Lower minimums vs traditional PE |
Moonfare Advantages & Disadvantages
Advantages :
- Access to top PE and VC funds
- €50k minimum vs. traditional PE
- Global reach (Asia, Europe, North America)
- Secondary market for early exits
- Top fund manager partnerships
Disadvantages:
- Reserved for accredited investors
- Long fund holding periods (7-10 years)
- Fees that incorporate management and carried interest
- Limited liquidity despite a secondary market
- Complex for first time participants
6. iFundWomen
iFundWomen was launched in 2016 to support women-led startups. It charges 5% as a platform fee on succesful fundraising campaigns. iFundWomen has blended crowdfunding and private market investment to create a unique investment structure to enable impact investors to support women entrepreneurs.
Its focus is primarily in the U.S. with a newer global focus to support women and other underrepresented populations. Liquidity is low since funds remain tied to growth of the underlying startup, and exits occur through either an acquisition or IPO.
Exit opportunities are long term; however, investors are able to gain impact exposure. iFundWomen has limited competition since it combines funding, mentorship, and portfolio support, making it unique in the private investment market.
| Feature | Details |
|---|---|
| Founded | 2016 |
| Fees | 5% platform fee |
| Investment Structure | Crowdfunding + private market |
| Geographic Focus | U.S., expanding globally |
| Liquidity | Minimal |
| Exit Options | Acquisitions or IPOs |
| Accessibility | Impact investors |
| Reporting | Campaign + portfolio visibility |
| Strength | Women‑led startup focus |
| Differentiator | Funding + mentorship ecosystem |
iFundWomen Advantages & Disadvantages
Advantages :
- Focus on women-owned businesses
- Combines funding and mentoring
- Social Impact with 5% platform fee
- Global reach covering Europe and North America
Disadvantages:
- Limited liquidity
- Limited exit options (IPOs, acquisitions)
- High risk of failure
- Low deal volume when compared to other platforms
- Focused in the U.S.
7. Juniper Square
Juniper Square, founded in 2014, is a private market service for real estate that offers management and sponsors SaaS products for $5,000 to $50,000 per year, depending on usage.
Their real estate management sponsor structure helps property managers raise and oversee the management of their capital. Their primary operation is in the U.S. with real estate markets, but there has been growing international interest.
While real estate capital investments are essentially permanent, Juniper Square has systems to assist fund managers and their investors in liquidity, primarily related to exit events.
The exit events are related to the sale of the real estate or the real estate is refinanced. Juniper Square’s competitive advantage is the advanced reporting and real-time updates for the investors and sponsors of real estate.
| Feature | Details |
|---|---|
| Founded | 2014 |
| Fees | SaaS subscription ($5k–$50k annually) |
| Investment Structure | Sponsor‑investor management |
| Geographic Focus | U.S. real estate |
| Liquidity | Limited |
| Exit Options | Property sales/refinancing |
| Accessibility | Real estate sponsors + investors |
| Reporting | Institutional‑grade investor relations |
| Strength | Transparency + reporting |
| Differentiator | Real estate specialization |
uniper Square Advantages & Disadvantages
Advantages :
- Best-in-class real estate sponsor management
- Full suite of investor relations tools
- Strong focus on U.S. real estate
- Detailed reporting and compliance features
- Scale driven by subscription business model
Disadvantages:
- Real estate only
- Illiquid until sale of real estate or refinance
- High annual SaaS fees ($5k-$50k)
- Not investor friendly
8. iCapital
iCapital, founded in 2013, is in the same industry as Juniper Square and is the largest private market access service for financial advisors and their clients. Like Juniper Square, iCapital’s clients pay a combination of platform costs and fund-related management and performance costs.
iCapital helps financial advisors manage wealth for their clients through the management of private equity, hedge funds, and alternative investments through feeder funds and managed accounts.
They have a strong presence in the U.S. and Europe and their services are available globally. iCapital’s strength is providing due diligence and advanced reporting for wealth managers and financial advisors.
| Feature | Details |
|---|---|
| Founded | 2013 |
| Fees | Platform + fund‑specific fees |
| Investment Structure | Feeder funds, managed accounts |
| Geographic Focus | Global (U.S., Europe strong) |
| Liquidity | Limited, secondary solutions |
| Exit Options | Fund lifecycles (7–10 years) |
| Accessibility | Advisors + clients |
| Reporting | Institutional‑grade |
| Strength | Advisor‑centric tools |
| Differentiator | Broad alternative access |
iCapital Advantages & Disadvantages
Advantages:
- Global access to PE, hedge funds, alternatives
- Advisor‑centric tools and reporting
- Secondary market solutions available
- Institutional‑grade due diligence
- Strong U.S. and European presence
Disadvantages:
- Accredited investors required
- Long fund lifecycles (7–10 years)
- Fees vary by fund and platform
- Limited liquidity despite secondary options
- Complex structures for retail investors
9. CAIS
Established in 2009, CAIS services RIAs and wealth managers with an alternative investment structure that charges both a platform access fee and a fund‑specific cost.
CAIS offers an advisor‑first approach to investment and access to hedge funds, private equity, and other structures. CAIS’s approach to investment is primarily, but not exclusively, U.S. based, with global expansion occurring. CAIS offers limited liquidity, providing select secondary market solutions for certain products.
The various funds CAIS provides services for may have multi‑year commitments with complex exit options. CAIS’s strength is in the education of alternatives to retail and institutional investing, conducting due diligence and opening access to alternatives to advisors.
| Feature | Details |
|---|---|
| Founded | 2009 |
| Fees | Fund‑specific |
| Investment Structure | Advisor‑first platform |
| Geographic Focus | U.S., expanding globally |
| Liquidity | Limited, some secondary |
| Exit Options | Multi‑year fund commitments |
| Accessibility | RIAs + wealth managers |
| Reporting | Due diligence + education |
| Strength | Institutional‑grade access |
| Differentiator | Advisor education focus |
CAIS Advantages & Disadvantages
Advantages:
- Advisor‑first platform for RIAs and wealth managers
- Access to hedge funds, PE, structured products
- Strong due diligence and education tools
- Expanding global coverage
- Institutional‑grade access for advisors
Disadvantages:
- Limited liquidity options
- Exits tied to multi‑year fund commitments
- Fund‑specific fees can be high
- Primarily U.S.‑focused
- Not designed for individual retail investors
10. Altruist
Altruist was established in 2019 and is a platform designed for RIAs, offering integrated alternative investment tools with a subscription based pricing structure, which is approximately $1,000 to $10,000 per year for advisors.
Altruist’s investment structure is similar to CAIS, with a focus on advisors, but includes tools to manage a traditional investment portfolio along with a focus on private markets. Altruist maintains a primarily U.S. based service, although it caters to independent advisors.
Similar to CAIS, Altruist offers limited liquidity and provides tracking and reporting tools for alternative assets, helping advisors manage client expectations.
Complex exit options are similar to those offered by CAIS due to underlying fund commitments. Altruist offers solutions and simplifiesworkflow for advisors to incorporate alternatives within client portfolios.
| Feature | Details |
|---|---|
| Founded | 2019 |
| Fees | Subscription ($1k–$10k annually) |
| Investment Structure | Advisor‑centric portfolio + alternatives |
| Geographic Focus | U.S. |
| Liquidity | Limited |
| Exit Options | Based on underlying investments |
| Accessibility | Independent advisors |
| Reporting | Integrated tracking |
| Strength | Simplified advisor workflows |
| Differentiator | Cost‑effective vs legacy platforms |
Altruist Advantages & Disadvantages
Advantages:
- Advisor‑centric portfolio + alternatives integration
- Cost‑effective subscription ($1k–$10k annually)
- Simplifies advisor workflows
- Integrated tracking and reporting
- U.S.‑based with growing adoption
Disadvantages:
- Limited liquidity options
- No direct secondary market
- Exits depend on underlying investments
- Focused on advisors, not individuals
- Smaller scale compared to iCapital or CAIS
Conclusion
To summarize, the best private market investment platforms of 2026 will strike the balance of accessibility, transparency, and sophistication. No platform shows this combination better than Raziel. Kubera, on the other hand, covers portfolio tracking. EquityZen and YieldStreet both bring access to previously exclusive private markets to the masses.
Moonfare makes private equity funds accessible to smaller investors. iFundWomen, along the same vein as Juniper Square, dominates in real estate sponsor-investor management. Many of the other platforms bring unique offerings but still allow wealth managers to use an integrated solution thanks to iCapital, CAIS, and Altruist.
Looking specifically at the offerings of these platforms, private markets are becoming accessible, structured, and global. Opportunities are more diversified than in the past. However, private market offerings require a thorough analysis of the fees, liquidity, and exit prospects.
FAQ
What is Raziel?
Raziel is a multi‑asset private market platform founded in 2021. It covers private equity, venture capital, real estate, crypto, and collectibles. Fees range from 0.5%–1%, with modular investment structures and global coverage. Liquidity is limited but supported by secondary market options.
How does Kubera work?
Kubera, founded in 2019, is a subscription‑based net‑worth tracker ($150–$300 annually). It consolidates private and public assets globally. It doesn’t provide liquidity directly but helps investors track valuations and manage portfolios across banks, brokers, and wallets.
What makes EquityZen unique?
EquityZen, founded in 2013, specializes in pre‑IPO shares. It charges 5%–10% transaction fees and connects sellers of private company stock with accredited buyers. Liquidity is provided via secondary transactions, with exits tied to IPOs or acquisitions.
What does YieldStreet offer?
YieldStreet, founded in 2015, provides access to private credit, art, marine, and real estate investments. Fees are 1%–2% plus performance charges. Liquidity is limited, though secondary trading exists for select deals. Exits depend on deal maturity (3–7 years).
Why choose Moonfare?
Moonfare, founded in 2016, offers access to elite private equity funds with minimums as low as €50,000. Fees include 1%–2% management plus carried interest. Liquidity is limited but supported by a secondary market. Exits align with fund lifecycles (7–10 years).