Stableton Financial

What Stableton Financial does

Stableton Financial AG is a Swiss-regulated portfolio manager founded in 2018 and headquartered in Zug, Switzerland, with additional offices in Zurich, Berlin, and Riga. The firm provides institutional, family office, private wealth, and qualified Swiss investor clients with semi-liquid access to private blue-chip technology companies through a systematic, passive investment strategy. Its flagship offering, the Stableton Morningstar PitchBook Unicorn 20 Strategy, allocates capital across the 20 most valuable global private tech companies (including OpenAI, Anthropic, and Databricks) using the Morningstar PitchBook Unicorn 20 Index, which Stableton co-developed as the world's first licensee of Morningstar's unicorn index series. The platform is supported by a proprietary sourcing network of 100+ partners and integrates PitchBook's unicorn database into deal sourcing, risk management, and portfolio monitoring.

Stableton's product architecture centers on three pillars: the core Unicorn 20 Strategy, Thematic Solutions (sector-focused portfolios across AI, Fintech, and Robotics), and Custom Solutions (white-label and bespoke mandates spanning US interval funds, ELTIFs, Cayman funds, Sharia-compliant vehicles, feeder funds, and tokenized assets). Investment vehicles include a Swiss Actively Managed Certificate (AMC) co-launched with Swissquote and a Luxembourg SICAV-RAIF fund for international distribution, with Clearstream enabling global institutional custody access. The strategy carries zero performance fees and positions itself against traditional private equity's 2-and-20 model and 10+ year lock-ups, offering quarterly redemptions at NAV with transparent monthly mark-to-market reporting.

Commercially, Stableton has scaled from CHF 15 million of Series A funding (TX Ventures-led, July 2022) to over $750 million in AuM and 175+ transactions as of 2026, with $860M+ in managed investment volume reported in DEWB's 2025 annual report. Distribution runs through dedicated relationship managers, institutional business development specialists, white-label partner banks, and a self-serve marketplace platform. Revenue derives from low management fees on AuM, with no carried interest, against a lean team of 35+ private market specialists led by co-founders Andreas Bezner (CEO/CIO), Konstantin Heiermann (CFO/COO), and Carmine Meoli (Head of Key Accounts). Regulatory standing rests on FINMA portfolio manager licensing (Art. 17(1) FINIA, supervised by FINcontrol Suisse AG) and BaFin tied-agent registration via AHP Capital Management GmbH in Germany.

Name

Stableton Financial

Legal name

Stableton Financial AG

Website

https://stableton.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Stableton Financial AG is a Swiss-regulated portfolio manager providing institutional and qualified investors with semi-liquid, systematic access to the world's 20 most valuable private tech companies via the co-developed Morningstar PitchBook Unicorn 20 Index, distributed through AMC and Luxembourg SICAV-RAIF structures.

Ownership category

akta.pro rank

Product category

Alternative Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

UCITS / Liquid Alternatives Fund of Funds (FSAHAKAE)

Keywords

• Private equity investing
• Pre-IPO secondary markets
• Unicorn index funds
• Alternative asset management
• Growth equity strategy

Headquarters

HQ city

Zug

HQ country

Switzerland

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel

Revenue model

1. Management Fees: Low management fees charged on assets under management across fund vehicles (Luxembourg SICAV-RAIF and Swiss AMC). No performance fee structure, differentiating from traditional private equity which typically charges 20% incentive fees.
2. Zero Performance Fees: The strategy explicitly advertises zero performance/incentive fees, with revenue generated solely through management fees rather than carried interest.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

Stableton Financial is a FINMA-regulated Swiss investment manager that provides institutional-grade access to private blue-chip technology companies through the systematic Stableton Morningstar PitchBook Unicorn 20 Strategy, which passively allocates across the 20 most valuable private tech companies (including OpenAI, Anthropic, and Databricks). The offering is delivered via Swiss Actively Managed Certificates (AMC), a Luxembourg SICAV-RAIF fund, white-label solutions, and a self-service marketplace platform, with semi-liquid monthly/quarterly redemption at NAV and zero performance fees.

Product overview

Stableton Financial is a Swiss fintech platform providing institutional-grade access to private blue-chip technology companies through systematic, passive investment strategies. The platform operates a unified offering architecture centered on the Stableton Morningstar PitchBook Unicorn 20 Strategy as the core product, supplemented by Thematic Solutions for sector-focused allocations (AI, Fintech, Robotics) and Custom Solutions for white-label or bespoke mandates. All strategies are delivered through regulated structures: an Actively Managed Certificate (AMC) with Swiss ISIN for domestic investors and a Luxembourg SICAV-RAIF fund for international access. The platform serves Private Wealth, Institutional Investors, Family Offices, and Swiss Private Investors with semi-liquid, quarterly redemption structures.

Differentiator

Problem solved

Functional benefit

Brands

• Stableton Morningstar PitchBook Unicorn 20 Strategy: The world's first systematic private equity strategy investing in the 20 most valuable private tech companies, including OpenAI, Anthropic, and Databricks.
• Stableton Unicorn Top 20
• Thematic Solutions
• Custom Solutions

Products and services

• Stableton Morningstar PitchBook Unicorn 20 Strategy A passive, systematic portfolio strategy investing in the 20 most valuable private blue-chip tech companies, including OpenAI, Anthropic, and Databricks. Delivered through a Swiss Actively Managed Certificate (AMC) or Luxembourg SICAV-RAIF fund with semi-liquid, quarterly redemptions at NAV, low management fees, and zero performance fees. Targeted at institutional investors, family offices, private wealth managers, and qualified Swiss investors.
• Thematic Solutions Thematic portfolio solutions providing diversified exposure to specific innovation themes across private tech sectors such as AI, Fintech, and Robotics. Designed for investors seeking strong-conviction, long-term sector allocations.
• Custom Solutions Fully customizable and white-label investment products tailored to the strategic objectives of institutional partners, private banks, and wealth managers. Includes modular structures such as US interval funds, ELTIFs, Cayman funds, Sharia-compliant vehicles, feeder funds, and tokenized assets.

Quantifiable outcome

• 32.2% p.a. annualized return for the Unicorn 20 Fund since inception in April 2024
• +4 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core.

• Morningstar IndexescoreStrategic or Co-development PartnerStableton co-created the Morningstar PitchBook Unicorn 20 Index (and its predecessor Morningstar PitchBook Unicorn Select 20 Index) with Morningstar Indexes, becoming the world's first licensee of Morningstar's unicorn index series in 2023. The index backtests the historical performance of the Top 20 private unicorns and serves as the main input for target allocation of Stableton's flagship strategy.
• PitchBook (Morningstar)coreTechnology or IntegrationPitchBook provides comprehensive data on 1,750+ unicorns, which is integrated into the Morningstar PitchBook Unicorn 20 Index methodology and Stableton's investment process, risk management, and portfolio monitoring.
• SwissquotecoreChannel Partner/ Reseller/ DistributorSwissquote served as the issuing bank and distribution partner for the world's first unicorn index AMC, the Stableton Unicorn Index AMC. The product was launched in collaboration with Swissquote in 2023, providing institutional-grade access through Swissquote's banking infrastructure.
• FINcontrol Suisse AGcoreOthersFINcontrol Suisse AG is the independent Swiss supervisory organization that supervises Stableton Financial AG pursuant to Article 43a of FINMASA. Located at General-Guisan-Strasse 6, CH-6300 Zug.
• AHP Capital Management GmbHcoreImplementation/ SI/ Consulting PartnerStableton Financial (Germany) GmbH provides investment brokerage and investment advice exclusively for the account and under the liability of AHP Capital Management GmbH, a BaFin-licensed securities institution. Stableton acts as a tied agent under WpIG Section 3(2), registered with BaFin under number 80177725.

Scale indicators9 records

Recent moves14 records

Expansion highlights6 records

Direct peers

• EquityZen: EquityZen is a U.S.-based secondary marketplace and pre-IPO investment platform serving qualified individual and institutional investors. It is a direct comparable to Stableton's pre-IPO/secondary strategy for blue-chip tech exposure.
• Forge Global: Forge Global is a leading private securities marketplace where investors can buy and sell shares of late-stage private companies. Stableton's secondary sourcing network competes for the same private share liquidity that powers Forge's transaction flow.
• Hiive: Hiive is a venture-backed private share marketplace connecting shareholders of private companies with qualified buyers, focused on unicorn secondary transactions. Comparable to Stableton's secondary transaction sourcing network for unicorns.
• SharesPost: SharesPost operates an online private securities marketplace and asset management platform focused on late-stage private tech company shares. It overlaps with Stableton's pre-IPO/secondary business model and target assets.
• iCapital Network: iCapital operates a leading fintech platform powering access to private market funds for wealth managers and advisors globally, with semi-liquid structures and white-label offerings. It competes directly with Stableton in providing institutional-grade alts feeder vehicles and turnkey private market access.
• Moonfare: Moonfare is a Berlin-based digital private equity platform offering semi-liquid fund vehicles that give wealth managers and qualified investors access to top-tier private tech and growth funds. It is the closest direct competitor to Stableton in semi-liquid, fee-efficient European private market distribution.
• Linqto: Linqto is a platform providing accredited and institutional investors access to shares of high-growth private companies through pooled investment vehicles. Comparable in targeting wealth managers and family offices for pre-IPO tech exposure.
• AltExchange (Nasdaq Private Market): Nasdaq Private Market operates a private securities trading platform and provides technology solutions for private company share transactions. It competes with Stableton's secondary market access infrastructure for unicorn pre-IPO transactions.

Broad incumbents

• Hamilton Lane: Hamilton Lane is a global private markets investment manager with broad product offerings across primaries, secondaries, co-investments, and wealth feeder funds. It is a scaled incumbent in the same private tech/alternatives category Stableton serves.
• StepStone Group: StepStone Group is a global private markets solutions provider offering investment management, data, and advisory services across private equity, real assets, and private credit. A broad incumbent in private markets with growing wealth-channel exposure competing with Stableton.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/stableton

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries2 records

Funding overview

Funding rounds6 records

Investors8 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments16 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Stableton Financial