Co-investment capital for funds.
Real deal access for
the people who back them.

We partner with funds, institutions, and companies to back the deals they can't fully fund, and give a select group of investors access to opportunities they couldn't reach on their own.

Single-deal vehicles · private & pre-IPO · accredited investors and institutions
Co-investment capitalLive allocationsIssuer-approved allocationsPrivate marketsPre-IPOMatched in daysAccredited investorsInstitutionsSingle-deal vehiclesFill the roundUnconflictedBoth sides, on purposeCo-investment capitalLive allocationsIssuer-approved allocationsPrivate marketsPre-IPOMatched in daysAccredited investorsInstitutionsSingle-deal vehiclesFill the roundUnconflictedBoth sides, on purpose
01The problem

Private markets have a matching problem.

The best funds see more great deals than they can fund. The best investors can't get near those deals. Each is waiting on the other. We're built to bring both: a ready network of capital on one side, live allocations from the funds we partner with on the other, matched in days, not months. No waiting. No blind pools. The right capital meeting the right deal, fast.

CapitalLive dealsFamily officesInstitutionsAccredited investorsFund allocationsPrivate roundsPre-IPOPrausmatched in days
02What we believe

The best private deals get decided by who you know. We think that's backwards.

i

Capital should follow conviction.

The funds with real edge keep finding deals bigger than they can take. Capital should reach those deals, not the loudest room. We move it there, fast.

ii

Access shouldn't take a fund of your own.

Great private and pre-IPO rounds quietly fill among insiders. An individual check rarely gets near them. One clean vehicle changes that.

iii

You shouldn't have to lift a finger.

We're picky about the partners we work with and the deals we take. Then we do the work: the vehicle, the paperwork, the admin. Both sides just decide.

03Your path

Take the position you actually want.

Funds, broker-dealers, institutions, family offices, companies: if you're raising, the problem is the same. More good deals than capital to fill them. We bring flexible co-investment capital to your best opportunities. You hold the position, keep economics on your allocation, and keep your founders happy. No new fund to raise. No vehicle to run.

01/ 04
High-conviction dealCo-investment allocation
Your fundPraus vehicleUnfilled
A deal worth backing.
Step 01

You find a deal you love.

High conviction, a strong lead, a position you'd take in a heartbeat.

Step 02

It's bigger than you can take alone.

The allocation is there, but filling it means over-concentrating, or raising capital you don't have time to chase.

Step 03

We bring the co-investment capital.

You get an indication of interest inside 5 business days. Then we fill the gap before the round closes and run the vehicle end to end, administered by Sydecar.

Step 04

You hold the position you wanted.

Allocation filled, founders happy, your book un-stretched. You keep economics on your allocation, and the deal stays yours.

Partner with us You stay focused on investing.

Access to deals you can't get on your own.

We invest alongside vetted funds in private and pre-IPO opportunities, through clean single-deal vehicles. You get curated access to deals sourced and diligenced by managers with real edge. No blind pools. You see each deal and decide.

01/ 04
Private deals, out of reach.
Step 01

You want into private deals.

The private and pre-IPO opportunities that compound, if you can ever get near them.

Step 02

You can't reach them alone.

The best rounds are spoken for by insiders. The door rarely opens for an individual check.

Step 03

We match you to a vetted allocation.

We open an allocation we've already secured, sourced and diligenced by a manager with real edge, through a clean single-deal vehicle.

Step 04

You review and invest, deal by deal.

You see the deal, decide for yourself, and commit. Never a blind pool. Never a forced bet.

Request access Open to accredited investors and institutions.
04How it works

How a deal comes together.

Three moves: your deal, our capital, closed on time.Three moves: secure, open, decide. One deal at a time.

01/ 03
Secure

Allocation, alongside the lead.

Your round has room, more than your fund plans to take alone. We confirm the allocation we'll fill beside you.We secure room in a high-conviction private deal, right next to the fund leading it. The hard part, getting in, is already done.

02/ 03
Open
SPV

One clean vehicle per deal.

We open a single-purpose vehicle to our own investor network. The structure, the docs, the admin: all on us, administered by Sydecar.We open that allocation to our network through a single-purpose vehicle. Self-contained, transparent, built for one deal only.

03/ 03
Decide

You close, position held.You review, then you choose.

The vehicle funds, the round closes on time, and you hold the position you wanted. You never lifted a finger.You see the actual deal, the lead, the terms, the company, and decide for yourself. One at a time. Never a blind pool.

05Access

The lanes we operate in.The kind of deal flow that rarely reaches you.

If your deals live in these lanes, our network already wants them. Categories, not a live list.The categories of private and pre-IPO allocations that move through a network like ours. Not a live list, a sense of the lane.

Frontier AI
Foundation-model labs and the picks beneath them.
Late-stage · Pre-IPO🔒 locked
Defense & dual-use
Autonomy, hardware, and the new defense primes.
Series B–D🔒 locked
Space & frontier
Orbital infrastructure and what gets built on it.
Growth🔒 locked
Pre-IPO fintech
Late-stage platforms a quarter or two from public.
Pre-IPO🔒 locked
Energy & climate
Next-gen power and the grid it runs on.
Growth🔒 locked
Sports & entertainment
Teams, leagues, and the rights around them.
Private🔒 locked
Partner with usRequest access We're selective: a small number of funds, partnered deal by deal, on issuer-approved allocations only.Free. Open to accredited investors and institutions. You see each live deal and decide, never a blind pool. Issuer-approved allocations only.

Illustrative categories only: not specific deals, and not a representation that Praus currently holds or can guarantee access to any company or opportunity. Nothing here is an offer to sell or a solicitation to buy any security; any such offer is made only to verified accredited investors through definitive offering documents.

06A deal, start to finish

What it looks like when it works.

From the moment your round has room to the moment it closes.From the allocation we secure to the decision you make, start to close.

Series C · Defense autonomyIllustrative example
Day 0The lead has room. A fund we partner with confirms an allocation in a round it's leading, more than it plans to take alone.
Day 1We open a vehicle. A single-purpose SPV on Sydecar, built for this one deal. We handle the structure, the docs, the admin.
Day 3Investors review. Vetted investors in our network see the actual deal, the lead, the terms, the company, and decide for themselves.
Day 9Allocation filled. The vehicle closes and the round closes on time. The fund holds the position it wanted. The investors are in.
Start to close
9days, not months
Structure
1clean vehicle, one deal
Blind commitments
0everyone saw the deal first

Illustrative: a representative example of our approach, not a specific transaction, and not a representation of any particular outcome. Private and pre-IPO investments are speculative, illiquid, and carry risk of total loss.

07Who we work with

We're picky. On purpose.

We partner with a small number of funds, on a small number of deals. Here's the filter we apply.Every deal that reaches you has already passed this filter.

The raising side

Real edge, any wrapper.

Funds, broker-dealers, family offices, companies: anyone disciplined, with conviction and a strong position. We partner on the specific deals worth backing, not the name on the door.

SelectiveDeal-by-deal
The deals

High-conviction rounds.

Private and pre-IPO opportunities with a credible lead, room to share, and the issuer's sign-off. We're picky here too: if it doesn't clear our bar, we don't bring it.

VettedLead-backed
The investors

You do nothing but decide.

Accredited investors and institutions who want the access without the legwork. We bring the deals to you, through one clean vehicle. You review and decide.

AccreditedNo legwork
08Questions

The questions everyone asks first.

Days, not months. An indication of interest inside 5 business days, then a process built to close before the round does. The best opportunities don't wait, and neither do we.
No. Never a blind pool. Every opportunity is its own single-deal vehicle. You see the actual deal, the lead, the terms, the company, and decide for yourself, one at a time. Nothing is bundled, nothing is hidden.
Praus works with accredited investors and institutions. If that's you, you can request access. It's free, and there's no obligation to participate in anything you don't choose.
No, and we won't pretend otherwise. We show you what's live and you decide deal by deal. We describe the kinds of private and pre-IPO opportunities that move through a network like ours, never a promise of any single one.
A placement agent charges you a percentage of everything you raise. We never charge you anything. We bring our own investors to specific deals through our own vehicle, and our economics come from that vehicle, not from your raise.
We do, end to end. The structure, the docs, the admin, the investor onboarding, administered by Sydecar. Your team stays focused on the deal; the work stays on us.
Exploring costs nothing. You only put capital into the specific deals you choose, and every fee is disclosed in that deal's documents before you commit.Nothing. You never pay us, and you keep economics on your own allocation. We're paid by our own investors, through the vehicle.
Praus manages its own single-deal vehicles and is paid by its own investors through those vehicles, never by the funds or companies raising. Vehicles are administered by Sydecar with standard docs: Form D and blue sky filings, KYC and AML, and K-1s. We only run allocations the company and its lead have approved.
Yes. We work with a focused circle under conduct terms: staged information release, no public deal pages, nothing forwarded. Your raise, your allocation, and your name stay between us.
09How we operate

The partner you'd actually choose.

Four things we hold to, on every deal, for both sides of the table.

i · Aligned

We win when you win.

Our economics come from the deal's performance, never from your raise. No retainers, no placement fees.One vehicle, one fee layer, same terms for every investor in it. We earn when the deal performs.

ii · Unconflicted

One deal, in the open.

Every opportunity stands alone in its own vehicle. No blind pools, nothing buried.

iii · Fast

Days, not months.

An indication inside 5 business days, and a process built to commit before the round closes.

iv · Discreet

Quiet by default.

A focused circle, kept that way. Your raise and your name stay between us.

Praus Desk

Praus Desk is the workflow desk for investment firms. Separately from the capital, we design, build, and run the systems your fund operates on: fundraising pipeline, investor reporting, CRM, diligence, and compliance. One build at a time. Your first build is free. See the Desk

10What happens next

One click, then a conversation.

No forms, no commitment. Reaching out just starts a short call.

01

You reach out.

One click books a short call. That's the whole ask. No forms, no commitment.

02

We meet.

We learn what you're after and show you exactly how we'd help. No pitch theatre.

03

You're in.

We go to work on your deal, and you stay focused on investing.Deals start coming to you. You review each one and decide.