Fidelity Investments
Trillions in mutual-fund capital reaching into private rounds.
Crossover & Growth Co-InvestorsFirmUnited States & global
Target market
Pre-IPO companies at mutual-fund scale
Geography
United States & global
Overview
Fidelity, the privately held, Johnson-family-controlled asset manager founded in 1946, holds large pre-IPO positions — including SpaceX, Stripe and OpenAI — inside flagship mutual funds like Contrafund. It publishes monthly valuation marks on those private holdings, making Fidelity both a deep pool of late-stage capital for a portfolio's winners and a public scoreboard for their valuations.
Key facts
- Founded 1946; privately held and family-controlled
- Trillions in discretionary assets across its fund complex
- Holds pre-IPO stakes in SpaceX, Stripe and OpenAI
- Publishes monthly marks on private positions