Q3 2026 · Actively Deploying$130M+

Access over allocation.Inside the roundsthat aren't open.

Arrow Fund is an opportunistic investment firm specializing in late-stage primaries, secondaries, and special situations — built to execute in markets institutional capital cannot move quickly enough to reach.

What we stand for

Four principles that shape
every deal we touch.

Arrow Fund is built for a market that rewards speed, structural creativity, and direct relationships — not committee process and blind-pool exposure.

01 / Access

Access over allocation.

The value is getting into the room. Writing a bigger check once you're in is the easy part.

02 / Structure

Structural creativity.

SPVs, blockers, and continuation vehicles are tools — we pick the one that fits the deal.

03 / Conviction

Concentration with conviction.

We are not a blind-pool fund. Every position is an expressed view, underwritten deal-by-deal.

04 / Alignment

Transparent by design.

Deal-by-deal visibility, aligned economics, and no hidden exposure. LPs see exactly what they own.

What we invest in

Three strategies.
One hybrid book.

Arrow blends primary, secondary, and special-situation exposure — underwritten to the same standard regardless of entry vector.

Late-Stage Primaries

Direct entry into pre-IPO rounds of category-defining companies, underwritten for concentration and conviction, not diversification.

DirectSPVCo-invest

Secondaries

Liquidity solutions for founders, early investors, and employees of growth-stage companies. Off-market access into closed cap tables via direct purchase and structured contracts.

SPVDirect

Special Situations

Control and majority positions in operating companies where strategic consolidation, operational improvement, or capital-structure creativity unlocks step-change value.

MajorityTakeoverRoll-up
Portfolio

Where our capital
is working.

Public
SpaceXSecondary
Acquired
xAISecondary
Project PrometheusPrimary
NeuralinkSecondary
Valar AtomicsPrimary
Closed
PositronPrimary
PolymarketSecondary
Acquired
RhythmExit
FyxtPrimary
Titan DynamicsPrimary
LeVecke Beverage GroupSpecial Situations

We are not a blind-pool fund.Every position is an expressed view, underwritten deal-by-deal.

Insights

Research, reports,
and practitioner writing.

Our analyst publishes a quarterly state-of-the-market report and a weekly company brief. Our partners write long-form on structure, sourcing, and the mechanics of late-stage private markets.

Private MarketSep 9 · 2026

The Boring Company — Institutional Valuation Analysis

Capitalization track, Series D valuation analysis, and network expansion evaluation of The Boring Company — Elon Musk's underground transit and tunnel-boring infrastructure venture.

Arrow ResearchSign in to read
Private MarketAug 25 · 2026

Paradromics — Institutional Investment Research Memorandum

Institutional research memorandum on Paradromics' Connexus® BCI program — clinical and regulatory progress, competitive landscape, a risk-adjusted financing-anchor valuation model, and risk assessment.

Arrow ResearchSign in to read
Foundational AI LabAug 17 · 2026

Flapping Airplanes — Institutional Valuation Analysis

San Francisco-based foundational AI research lab pursuing sample-efficient model architectures — a $180M Seed round at a $1.5B valuation, with subsequent-round talks reportedly targeting a ~$5.0B mark.

Arrow ResearchSign in to read
Defense TechJul 20 · 2026

Saronic Technologies — Private Market Analysis

Private market intelligence on Saronic Technologies — capitalization history, combat-validated autonomous surface vessels, commercial strategy, valuation bridge, and the structural risks facing late-stage holders.

Arrow ResearchSign in to read
Special SituationJun 17 · 2026

SpaceX — Secondary Market Analysis

Secondary market & investor demand analysis following SpaceX's historic public debut — float dynamics, institutional positioning, valuation re-rating, and the key risks for late-stage holders.

Arrow ResearchRead
Events

Where Arrow convenes
the private-markets community.

Investor dinners, founder roundtables, and sector salons hosted across our Venice Beach base and key ecosystem nodes. Registration for all Arrow events is handled via Luma — request an invitation below.

Hosted via Luma
LOADING EVENTS…
The team

Operators and investors
behind the desk.

Direct relationships into founders, family offices, and fund managers — with execution experience across venture, private equity, and structured private markets.

Chris Clifford headshot
Managing Partner

Chris Clifford

Oversees deal origination and investor relations across Arrow's private syndicate. Career in capital markets and structured private placements with deep relationships across the LA investor and operator ecosystem.

Gabriel Borden headshot
Managing Partner

Gabriel Borden

Leads Arrow's investment mandate and partner-facing relationships. Has structured and financed over $300M across venture, technology, and private equity transactions, with focus on frontier technology and operating businesses.

Brendan Conn headshot
Partner, Operations & Capital Formation

Brendan Conn

Leads Arrow's operations and systems, owning decisions on tooling, data, and LP infrastructure, and running deal operations end to end. Supports the firm's business development and capital formation, helping bring new deal flow, partners, and LPs to the Arrow network.

Jillian Nuding headshot
LP Relations

Jillian Nuding

Leads investor relations and community across the Arrow Fund network. Owns the LP experience end-to-end — from first conversation through ongoing reporting — and convenes the community around Arrow's events.

Jeremy Gardner headshot
Venture Partner

Jeremy Gardner

Co-founder of Augur — the first decentralized prediction market on Ethereum. Founded the Blockchain Education Network and co-founded Ausum Ventures. Brings frontier-market pattern recognition to Arrow's sourcing.

Zander Geronimos headshot
Venture Partner

Zander Geronimos

Venture capital and real estate technology executive with deep experience across venture investing, the built environment, and institutional real estate. Leverages longstanding relationships with institutional investors, industry leaders, and technology innovators to support Arrow's sourcing, diligence, and strategic opportunities.

Sydney Borden headshot
Venture Partner

Sydney Borden

Handles LP relations and fundraising support for the firm, managing investor communications, reporting workflows, and LP onboarding. She brings background experience in financial client management and investor services.

For qualified investors

Access the Arrow Fund deal portal.

Live secondary and primary opportunities, positions in diligence, and quarterly market intelligence — available to accredited investors following a brief qualification conversation.