Revolut pivots to private equity with new venture fund

The new venture fund, structured as a European Long-Term Investment Fund (ELTIF), focuses on technology firms nearing an IPO. Revolut executives pointed to data showing the median age of companies at IPO has jumped from 6.9 to 11 years since 2014, capturing significant value creation in the private sphere before public listing—a trend exemplified by firms like Anthropic and OpenAI. While the bank acknowledges these assets carry substantial risks of capital loss, the platform seeks to democratize access to growth potential previously reserved for institutional players.

Operational oversight for the fund rests with Carne Group, managing assets across 160 countries, while Alter Domus handles administration and BNY serves as custodian. This expansion builds on a broader private equity push initiated in July, which already allows users to tap into funds from Apollo, Ares, and Hamilton Lane. The move aligns Revolut with competitors like Trade Republic and Scalable, which have already integrated similar private market products into their portfolios.

In Switzerland, where the neobank serves over 1.3 million users, this product rollout coincides with a major regulatory milestone. Having filed for a Swiss banking license with Finma in September, the company is signaling a long-term commitment to the region with a planned investment exceeding CHF 150 million over the next five years.