Cache

A modern brokerage designed for your large stock positions. Get started at

[Srikanth Narayan @srikanthatcache]

Cache crossed $1.5B in assets this week.

What matters most is what the number now signals. Concentrated stock is not a niche problem today. It is a defining wealth question in corporate America, and most investors end up there without a clear plan.

We're noticing a shift, however.

We’re having more of these conversations than ever. And increasingly, the rest of the industry is too. Many firms are now speaking directly to concentrated stock. That wasn’t the case a few years ago.

We’re proud to have helped bring a category into focus.

It has also driven our growth. From $0 to $1.5B in 25 months.

We’ve added more in the last four months than we did in our entire first year.

At the center of this is our Exchange Fund platform, where Cache offers the modern standard.

We now offer three flagship funds, giving investors a way to diversify a single stock into a broad portfolio without triggering immediate taxes.

From there, we’ve expanded the toolkit.

We launched Cache Long/Short two months ago. The response has exceeded our expectations. It reflects a broader shift toward focusing on after-tax outcomes.

We’ve also built tools to bring clarity to these high-stakes decisions.

The Concentrated Stock Calculator helps investors compare their options side by side.

The Capital Gains Calculator models real tax impact across federal, state, and local levels.

Cache exists for a simple reason: when a single stock becomes a meaningful part of your life, you should have better options.

If you’re sitting on a concentrated position, especially in a market like this, it’s worth stepping back and understanding your exposure. You don’t need to act all at once. But you should know your options. Start at https://t.co/9CpA4qGdX1.

To every client and advisor who trusted us early, thank you.

And to the team building this every day, thank you.

We’re still early.

P.S. We’re hiring across engineering, marketing, advisor sales, and portfolio management. Small team, big impact.

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Disclosures:

Cache Advisors, LLC (Cache) is an investment adviser registered with the SEC, which advises the Cache Exchange Funds and the Cache Long Short Program. Cache Exchange Funds are alternative investments available only to accredited investors or qualified purchasers. For more information on eligibility criteria and the difference between accredited investors and qualified purchasers, please visit our website.
Investors should carefully review offering materials before investing. Cache does not provide investment recommendations or consider individual financial objectives to Exchange Fund Investors; they are responsible for determining whether an investment is suitable for their needs.Cache’s Flagship Funds, open to Qualified Purchasers only.
Assets within the Cache Long Short Program are sub-advised by an unaffiliated investment advisor and are custodied at Charles Schwab & Co., Inc., a member of SIPC, which is unaffiliated with Cache. Any securities mentioned are for illustrative purposes and not a recommendation.
Assets refer to the gross assets under management across all Exchange Funds, assets pending contribution to an Exchange Fund, and assets across Cache Long/Short and Collar Advance. Assets pending contribution and assets under Collar Advance are not managed by Cache. All data is as of 04/29/26 and will not be updated. For additional information and important disclosures, please visit our website.

[Srikanth Narayan @srikanthatcache]

Over the last month, we’ve heard from employees at companies like SpaceX and Anthropic almost daily: "Can I get in line for an exchange fund now? We might be going public soon."

Many have built life-changing wealth. They want to start planning how to protect it.

The problem: when these shares become eligible, there’s likely to be a huge backlog. And there was no way to get in line early.

So even if you were planning ahead, you were still waiting.

We’ve built a simple process to change that.

Shareholders of SpaceX, OpenAI, Anthropic, Databricks, Stripe, and other leading private companies in the IPO pipeline can now enroll early for the Cache Exchange Fund.

So when those shares become eligible for onboarding, you’re already ahead of the rush.

Some of the largest concentrated positions in tech are now being built in private markets. And given the size of these positions, diversification becomes even more important.

If you hold a large position in one of these companies, you can now raise your hand earlier and get in line.

Begin enrolling on our website.

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Disclosures:

Cache Advisors, LLC (Cache) is an investment adviser registered with the SEC, which advises the Cache Exchange Funds. Cache Exchange Funds are alternative investments available only to accredited investors or qualified purchasers.  For more information on eligibility criteria and the difference between accredited investors and qualified purchasers, please view this article. Investors should carefully review offering materials before investing. Cache does not provide investment recommendations or consider individual financial objectives; investors are responsible for determining whether an investment is suitable for their needs. For additional information and important disclosures, please view our website.

Cache is not affiliated with any of the companies mentioned above. Enrolling indicates interest in the Fund; however, final enrollment is subject to meeting eligibility requirements and to Cache’s allocation capacity and procedures.

[Srikanth Narayan @srikanthatcache]

Honored to see Cache (@usecache) mentioned in @business today in a story on the rise of tax-aware investing.

I started Cache to solve a personal problem. Today, that same problem is driving an industry-wide shift in wealth management: investors are paying more attention to after-tax outcomes, not just headline returns.

If you have a concentrated stock position, taxes are not a side issue. They are often one of the biggest factors shaping your financial options.

We’re proud to be helping modern investors with three marquee strategies:

■ Cache Exchange Fund, for immediate diversification without a giant tax bill.

■ Cache Long/Short, to harvest losses and improve after-tax outcomes.

■ Cache Collar Advance, to borrow against concentrated positions at lower rates, without margin risk.

All with lower minimums, lower fees, less friction, and easier access.

Thanks to @justinaknope and @denitsa_tsekova for the thoughtful piece, and to our clients for trusting us with such important decisions.

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Cache Advisors, LLC is an SEC-registered investment adviser. Registration does not imply a certain level of skill or training. Cache Securities, LLC is a FINRA-registered broker-dealer.

Cache Exchange Funds are alternative investments available only to accredited investors or qualified purchasers. For more information on eligibility criteria, visit our website. Investors should carefully review offering materials before investing. Cache does not provide investment recommendations or consider individual financial objectives; investors are responsible for determining whether an investment is suitable for their needs. Exchange Funds defer, but do not eliminate taxes.

The Cache Long/Short Program involves discretionary management and may include leverage, short sales, and derivatives, which increase risk and volatility, including the risk of loss of principal. Assets are managed by an unaffiliated sub-adviser.

Collar Advance involves fixed-term options strategies that may be difficult or costly to exit early. Outcomes depend on market conditions, may result in losses, and may limit gains. Assets are introduced to unaffiliated broker-dealers.

Bloomberg is not affiliated with Cache.

For informational purposes only. Not investment advice. All investments involve risk, including potential loss of principal, and outcomes vary.

[Srikanth Narayan @srikanthatcache]

Two years ago, on March 8, 2024, we launched our first exchange fund. That day, a small snowball began to gather.

Fast forward to today, Cache has grown to over $1.25B in assets and challenged long-held industry beliefs.

Along the way, there have been many milestones. Not just growing the funds, but reshaping what an exchange fund can look like.

For decades, exchange funds were kept behind private bank doors. The category was a duopoly. A structure that worked for some, but hadn’t really evolved.

We believed there was room to build something better. So we rebuilt the exchange fund from the ground up.

Visionary early adopters showed up and started spreading the word.

What I still find remarkable is who those investors are. People across the country who’ve built successful careers at some of the most successful firms in the world: Microsoft, J.P. Morgan, Eli Lilly and Company, Raytheon, Walmart, Mastercard, and hundreds of others.

And they all diversify each other.

In a sense, that’s the magic of an exchange fund. Everyone contributes a piece of their concentration to create diversification for everyone else.

We’re even seeing employees from companies like SpaceX asking to reserve spots before the IPO.

The network effect is becoming powerful! That snowball is gathering real mass and speed.

And we’re just getting started.

Over the past year, we began expanding the platform. Cache Long/Short and Collar Advance are already seeing strong market pull.

The mission remains the same: Build the best platform for managing large stock positions.

None of this would exist without our extraordinary team, and our early investors and clients who believed in what we were building.

Excited to show you what we build over the next two years.

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Disclosures:

Cache Advisors, LLC is an investment adviser registered with the SEC, which advises the Cache Exchange Funds and the Long Short Program.

Exchange Funds are alternative investments available only to accredited investors or qualified purchasers. For more information on eligibility criteria, please visit our website. Investors should carefully review offering materials before investing. Cache does not provide investment recommendations or consider individual financial objectives to Exchange Fund Investors; they are responsible for determining whether an investment is suitable for their needs.

Assets within the Cache Long Short Program are sub-advised by an unaffiliated investment advisor and are custodied at Charles Schwab & Co., Inc., a member of SIPC, which is unaffiliated with Cache. Any securities mentioned are for illustrative purposes and not a recommendation.

Assets refer to the gross assets under management across all Exchange Funds, as well as assets pending future contribution to an Exchange Fund, and assets on the Cache investing platform. Data as of 03/10/26 and will not be updated. Visit our website for more disclosures.

[Srikanth Narayan @srikanthatcache]

Yesterday, I introduced Cache Long/Short and why we built it. Today, Aaron from @usecache walks through how it actually works.

Most tax-loss harvesting strategies depend on volatility. When markets are choppy, losses appear and can be harvested. But in steadily rising markets, losses can be limited, and diversification can stall.

Cache Long/Short was designed to address that gap.

This strategy is built with your core portfolio: your concentrated stock, plus any other assets you choose to include.

You select a benchmark to define the investment universe. Then the program layers in a diversified long extension and a short extension around your core. That long/short structure is intended to create ongoing opportunities to realize losses in up, down, or sideways markets.

Those losses can offset gains as you gradually reduce concentration, on a timeline you control.

The engine runs continuously.

This is a sophisticated strategy. It uses margin and short selling, which aren’t appropriate for everyone. But for the right situation, it adds flexibility where traditional approaches can stall.

Aaron walks through the mechanics step by step.

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Disclosures:

The Cache Long Short Program is managed by Cache Advisors LLC, an SEC-registered investment adviser. assets sub-advised by Brooklyn Investment Group, an unaffiliated SEC-registered investment adviser. Assets are custodied at Charles Schwab & Co., Inc., Member SIPC.

Long/short strategies involve additional risks, including leverage, borrowing, short sales, and heightened volatility, and may result in losses, including loss of principal. Past performance is not indicative of future results. Fees start at 0.50% annually; higher leverage models have higher fees. Additional trading and borrowing costs apply and are disclosed in your Custodial Agreement.

Assets under management figures include gross assets across programs and certain platform and introduced assets that are not managed by Cache. Data as of 02/17/26 and not updated.

For informational purposes only. Not investment advice.

See full disclosures:
https://t.co/YLXiZcRFAb

[Srikanth Narayan @srikanthatcache]

Big day at Cache! Introducing Cache Long/Short.

Less than two years ago, Cache launched an accessible exchange fund, bringing tax-deferred diversification to a broader audience. Today, we work with thousands of investors and manage over $1B in assets.

And some of them encouraged us to do more: exchange funds are powerful, but not every situation calls for the same solution.

Cache Long/Short is a new tool for your toolkit. It pairs a long extension with a short extension around your concentrated position that is designed  to:

✅ Create harvestable losses that can offset your gains

✅ Provide flexibility to diversify on your own timeline

✅ Manage upcoming or realized capital gains

✅ Rebalance highly appreciated positions tax-efficiently

Unlike traditional tax-loss harvesting or direct indexing, this strategy aims to harvest losses in most market conditions, including rising markets.

An active strategy demands seasoned hands. We’ve built this in partnership with Erkko Etula and the team at @BklnInvest, whose team manages the portfolio and brings decades of experience from Goldman Sachs, BlackRock, Citadel, and academic institutions.

Key details: Schwab custody, annual management fees starting at 0.50%, $500K minimum.

We're rolling out in batches. If you hold concentrated stock and want more flexibility in how you manage it, we're happy to discuss how it works.

→ Read about Cache Long/Short: https://t.co/HA52iLkMGd

→ Compare Strategies with our calculator: https://t.co/Air0XZvuTD

#wealthmanagement #personalfinance #longshort

[Srikanth Narayan @srikanthatcache]

The Mag 7 used to move in unison. Now it's starting to go its separate ways.

Since Sep 2025, the group has shown meaningful divergence.

• The Outlier: Alphabet has single-handedly buoyed the group's average, up +160% in the last five months.

• The Trailers: Microsoft and Meta have seen a shift in trajectory, ending down over the time period.

• The Reality: Even the "Mag 7" line looks stable overall, showing that a modicum of diversification can make a significant difference.

In today's markets, these charts might reverse just as quickly. Every stock seems to be on tenterhooks, while the indices are hitting fresh all-time-highs. Concentration has become riskier.

At Cache (@usecache), we work with thousands of Mag 7 employees, and once they invest, many express relief at not having millions of their net worth tied to a single stock.

If you’re looking to navigate this volatility with tax-efficient diversification, Winter Aperture is open through March 11th. We are coordinating a close across our Flagship funds to expand capacity for these stocks.

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Cache Advisors, LLC (Cache) is an investment adviser registered with the SEC, which advises the Cache Exchange Funds. Cache Exchange Funds are alternative investments available only to accredited investors or qualified purchasers.  For more information on eligibility criteria and the difference between accredited investors and qualified purchasers, please view this article. Investors should carefully review offering materials before investing. Cache does not provide investment recommendations or consider individual financial objectives; investors are responsible for determining whether an investment is suitable for their needs.  For additional information and important disclosures, please view our website. Information current as of 02/10/26 and not updated; not a recommendation to buy or sell any securities. Mag 7 refers to 7 of the largest terch companies listed on the NASDAQ.  Dispersion refers to the range of potential investment outcomes, based on the volatility of returns. A high dispersion means performances vary widely, while a low dispersion indicates similar performance.  Keep in mind that while diversification may help spread risk, it does not assure a profit or protect against loss. Investing in securities could lose value and result in a loss of your entire principal.

[Srikanth Narayan @srikanthatcache]

2025 Official Performance. 99% Correlation and $1B+ Scale.

In 2025, Cache’s flagship exchange funds tracked their benchmarks with near-index precision—at scale.

• UNIX returned 21.65% after fees in 2025 (vs. 21.02% for the Nasdaq-100), achieving a 0.99 correlation.

• Bedrock returned 10.47% after fees since launching July 16, 2025 (vs. 9.90% for the S&P 500), achieving a 0.98 correlation.

We delivered those results while growing from roughly $300M in assets to over $1B.

We could've grown much faster, but precision-first defined 2025 for us.

As Cache grew nearly 4×, portfolios didn’t drift. Tracking improved. Sector exposure, beta, and risk metrics stayed within our thresholds. A small team did the work of one several times its size, and the product held up under real-world pressure.

We just published our 2025 Wrapped, where we share how we scaled exchange funds without sacrificing performance, the structural changes behind tighter tracking (including Index Sync), and what we’re building next.

Our upcoming closings are on Jan 30th and Feb 13th, and our coordinated close across all Flagship Funds is scheduled for Mar 11th, which will increase intake capacity. Check your options on our website.

Grateful for the trust our clients place in us. Onward to 2026.

Here's the blog post - https://t.co/dnuL014LNP

Review attached disclosures in the thread.

[Srikanth Narayan @srikanthatcache]

What a great way to close out 2025! Thank you, @Nasdaq, for marking our $1B milestone by featuring Cache (@usecache) in Times Square. Proud to see the team's efforts reflected in this recognition.

Grateful for this moment, and looking forward to earning more of these moments in 2026.

#wealthmanagement #financialplanning #concentratedstocks #nasdaq

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Disclosure

Cache Advisors, LLC (Cache) is an investment adviser registered with the SEC, which advises the Cache Exchange Funds. Cache Exchange Funds are alternative investments available only to accredited investors or qualified purchasers. For more information on eligibility criteria and the difference between accredited investors and qualified purchasers, please visit our website. Investors should carefully review offering materials before investing. For additional information and important disclosures, please visit our website. Nasdaq and Cache are unrelated entities. Total assets refer to the gross assets under management across all Exchange Funds managed by Cache Advisors, LLC, as well as assets pending future contribution into an Exchange Fund, assets on the Cache investing platform, and assets utilizing a Collar Advance. Cache does not manage assets pending contribution on the platform. All data is as of December 30, 2025 and will not be updated.

[Bill Trenchard @btrenchard]

Huge congrats to @srikanthatcache and the team @usecache on hitting $1B+ in Assets in record time!!

[Srikanth Narayan @srikanthatcache]

“It can’t be done. Too many have tried and failed.”
“Dead on arrival. I haven’t used one in decades.”
“You’re starting a what?”
“Are there even a hundred people who have a ‘concentrated portfolio’?”

This is what I heard from the largest wealth managers and RIAs in the country when I first floated the idea of building a modern exchange fund.

In 2022, I realized that many Americans were becoming more concentrated, driven by the growing trend of stock-based compensation and a historic bull-market run. Yet tax-efficient investing was limited to a small set of clients.

I saw this as a massive opportunity.

For decades, exchange funds had been a duopoly. And like most markets without competition, progress had slowed. It felt like a product from the 80s that hadn’t even met the internet. Minimums, fees, and the barriers were high.

We believed that it didn’t have to be true.

So we set out to build what many said couldn't be done: a modern exchange fund that was transparent, accessible, and efficient.

Just twenty months after launch, the market has spoken.

Cache recently crossed $1B in assets, likely one of the fastest to reach this milestone among digital investment platforms.

But this milestone isn’t about speed. It’s about a shift in who gets access to tax-efficient investing. The walls have been broken. This category no longer feels like a closed room with a velvet rope.

In 2025 alone, we grew approximately 4×. Our flagship exchange funds delivered performance in line with our goals. For example, UNIX achieved a ~0.99 correlation through our Index Sync approach.

We're grateful to the clients who trusted us early—and to the incredibly talented team that brought this vision to life.

Here’s to 2026, and here’s to building what the experts said cannot be done!

#wealthmanagement #personalfinance #financialplanning #concentratedstock

[Srikanth Narayan @srikanthatcache]

Cache (@usecache) won the 'Best New Product' award at the Global Fintech Awards 2025.

For too long, sophisticated financial instruments have been available only to the 0.1%, guarded by high minimums and high fees. This recognition reflects our mission to change that: making tools like exchange funds accessible, transparent, and precise for investors with concentrated stock positions.

2025 has been an incredible year for Cache, with the market recognizing our hard work with record growth. Our largest close of the year is expected on December 3. Let us know if we can help you diversify tax-efficiently before year-end.

Thank you to Benzinga for the recognition. It was an honor to share the stage with winners like Ramp, Webull, and Interactive Brokers.

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Disclosures:

Securities are distributed by Cache Securities LLC. Member FINRA/SIPC. Cache Advisors LLC is the advisor to the Cache Exchange Fund and is an Investment Advisor registered with the SEC. Registration with the SEC does not imply a certain level of skill or training. Cache Securities and Cache Advisors are affiliated and under the common control of Cache Financial, Inc. Cache’s Flagship Funds will participate in the Fall Aperture Close on December 3rd, 2025.  Flagship Funds refer to those Exchange funds available to Qualified Purchasers Only.   For additional information and disclosures, please view our website.
Cache was nominated for the Benzinga Fintech Awards 2025 and received the “Innovation in Trading & Investment: Best New Product” Winner award. The Award is administered by Benzinga and is based on criteria described on Benzinga’s website, focusing on innovation, functionality, impact, and industry readiness. More details are available on Benzinga's website in the financial awards FAQ. Cache did not pay a fee specifically to Benzinga in exchange for being nominated or receiving the Award; the reference is only to the year (2025) and the specified category. The award recognition does not guarantee future performance and is not indicative of future results.

[Srikanth Narayan @srikanthatcache]

Our official Q3 results are out! And, we’re announcing “The Fall Aperture,” a coordinated close on December 3 across all our Flagship Cache Exchange Funds.

Q3 was another strong quarter for Cache, marked by precision, progress, and disciplined execution. Our exchange funds continued to do what they were designed to do: deliver institutional precision in an accessible way. Cache continues to gain adoption, surpassing $875M+ in assets.

UNIX (Nasdaq-100) and Bedrock (S&P 500) both showed modest outperformance relative to their benchmarks this quarter, while maintaining tight alignment.

THIS is what happens when performance follows structure.

As we enter Q4, we’re preparing for The Fall Aperture, a coordinated close on December 3 across all our Flagship Exchange Funds. The event temporarily expands capacity for high-demand stocks, opening access to many investors who were previously waitlisted.

This is one of the last chances this year for investors to diversify concentrated stock positions without triggering capital gains.

With markets at record highs, now is the time to take single-stock risk off the table and achieve long-term diversification.

[Srikanth Narayan @srikanthatcache]

It was great to appear on The Fintech Impact Podcast, hosted by @jasonpereira, to discuss Cache's (@usecache) innovations and the democratization of exchange funds. I was joined by @alphaarchitect, and we talked about how Cache and Alpha Architect offer breakthrough solutions for concentrated stock positions.

Give it a listen at https://t.co/2m12DLhlEU

Q4 tends to be extremely busy at Cache. Check out our upcoming closings if you're wondering how to diversify tax-efficiently before year-end.

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Cache, Fintech Impact, and Alpha Architect are unaffiliated entities. Cache Advisors, LLC (Cache) is an investment adviser registered with the SEC, which advises the Cache Exchange Funds. Cache Exchange Funds are alternative investments available only to accredited investors or qualified purchasers. For more information on eligibility criteria and the difference between accredited investors and qualified purchasers, please visit our website. Investors should carefully review offering materials before investing. Cache does not provide investment recommendations or consider individual financial objectives; investors are responsible for determining whether an investment is suitable for their needs. For additional information and important disclosures, please visit our website.

[Srikanth Narayan @srikanthatcache]

Q3 2025 was an incredible quarter for Cache. 99% correlation attained, while our exchange funds grew by hundreds of millions.

◾️ Consistent Benchmark Alignment:
Our UNIX (Nasdaq-100) and Bedrock (S&P 500) Exchange Funds continued to deliver high correlation and tighter tracking:

→ UNIX - 0.99 correlation to Nasdaq-100

→ Bedrock - 1.03 beta to S&P 500 & 1.67% forward-looking tracking error

🚀 New Fund Launch — Mosaic (S&P 500 Growth):
We’re expanding our lineup with Mosaic, benchmarked to the S&P 500 Growth Index, expected to hold its first close on Nov 15, 2025.

◾️ Expanded Capacity in Q4
This quarter, we anticipate using an ETF rebalance process to enhance benchmark alignment. Capacity in UNIX and Bedrock is expected to expand, creating additional room for investors joining upcoming closings.

As markets hover near all-time highs, now may be the moment to take some single-stock risk off the table — turning concentrated equity into diversified exposure without triggering capital gains taxes.

Demand in Q4 is expected to be competitive. Get started today.

Explore the funds at https://t.co/d32MCfpJLP.

#financialplanning #wealthmanagement #personalfinance #exchangefunds

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For additional information on the methodology and important disclosures, please visit https://t.co/NHOADDVUsw

Each exchange fund managed by Cache Advisors LLC (“Cache”) is an alternative investment in a private fund offering (each, the “Fund”). Securities offered through Cache Securities, LLC.  Member FINRA/SIPC.

Cache Exchange Funds are alternative investments available only to investors who meet specific eligibility standards. Exchange Funds are intended for eligible investors who are willing to accept long-term investment risk and limited liquidity, and may incur higher fees than traditional investments.  Cache provides information for educational purposes only and does not offer investment, tax, or legal advice. Past performance is no guarantee of future results.   This should not be considered an offer or solicitation to buy or sell securities. Investments should be made only after reviewing all offering documents. Cache does not consider individual investor objectives and makes no investment recommendations.

[Srikanth Narayan @srikanthatcache]

Honored to see Cache (@usecache) featured in @WSJ's Intelligent Investor by @jasonzweigwsj.

He highlights Cache’s role in the revival and modernization of exchange funds. Takeaway: “An ultraconcentrated position in a single stock becomes a low-cost, broadly diversified holding.”

For anyone sitting on a large single-stock position, this is essential reading.

https://t.co/kDpMgvnthG

[Srikanth Narayan @srikanthatcache]

One of the first S&P 500 Exchange Funds in decades, helping investors like you diversify concentrated stocks tax-efficiently. Two months in, the results speak for themselves:

◾️ Sector alignment across all 11 S&P 500 sectors
◾️ Tracking error (ex-ante): ~1.6% (Exchange funds run in 2%-4% range)
◾️ Beta: 1.03 (i.e., portfolio follows the benchmark closely)

It’s not just Bedrock. Our Nasdaq-100 benchmarked fund, UNIX, has already achieved a 0.99 correlation to its benchmark. Both are powered by Cache's Index Sync innovation, a structural innovation to bring precision and predictability to exchange funds.

For investors with concentrated stock positions, Bedrock offers broad-market exposure without triggering a tax bill. By the end of Q4, we can onboard the majority of stocks in our pipeline.

We close every two weeks. If you’ve been waiting for a proven solution, now is the time.

Read a deeper dive on the performance of our Nasdaq-100 and S&P 500 exchange funds: https://t.co/haQmCJgh4t

#wealthmanagement #personalfinance #financialplanning #exchangefunds

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Cache Advisors, LLC (Cache) is an investment adviser registered with the SEC, which advises the Cache Exchange Funds. Cache Exchange Funds are alternative investments available only to accredited investors or qualified purchasers.  For more information on eligibility criteria and the difference between accredited investors and qualified purchasers, please visit our website. Investors should carefully review offering materials before investing. Cache does not provide investment recommendations or consider individual financial objectives; investors are responsible for determining whether an investment is suitable for their needs.  For additional information and important disclosures, please view: https://t.co/CQfE2Q0hhN

[Crunchbase News @crunchbasenews]

Cache, a San Francisco-based startup that helps tech employees diversify large company stock holdings without triggering capital gains taxes, has raised $12.5 million at a $125 million valuation, the company told Crunchbase News exclusively.
https://t.co/B6ozxVnrAB

[Srikanth Narayan @srikanthatcache]

📍Times Square! Thank you, @Nasdaq , for spotlighting our Series A. We’re grateful for the partnership to bring the first growth-oriented exchange fund to market.

Historically, exchange funds were built around broad market indices. But to create one, you need stocks from every sector, including stocks from sectors that might not have appreciated. And there isn't much need for tax-efficient diversification if your stock has barely moved or lost value.

The result? A structural mismatch. Holders of high-growth stocks were routinely turned away. Not because they weren’t eligible, but because the legacy model couldn’t balance them.

This created a massive bottleneck, and many advisors had sworn off exchange funds.

At @usecache, we saw an opportunity.

If most of the market’s gains over the past two decades have come from a handful of industries… Why not build an exchange fund designed for growth?

It was a simple idea. But a powerful one.

With our initial model, we’ve proven two things:

1. A growth-oriented exchange fund can balance supply and demand much better, creating faster matching and diversification.

2. The market wants an exchange fund built around a growth-index like the Nasdaq-100.

Thanks to the team at Nasdaq, who saw the promise early and bet on us with their support.

#ExchangeFund #Nasdaq #FundraisingNews #WealthManagement

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Disclosure

Cache Advisors, LLC (Cache) is an investment adviser registered with the SEC, which advises the Cache Exchange Funds. Cache Exchange Funds are alternative investments available only to accredited investors or qualified purchasers. For more information on eligibility criteria and the difference between accredited investors and qualified purchasers, please visit our website. Investors should carefully review offering materials before investing. This post is not a recommendation to purchase META or any other security. Cache does not provide investment recommendations or consider individual financial objectives; investors are responsible for determining whether an investment is suitable for their needs. For additional information and important disclosures, please visit our website. Nasdaq and Cache are unrelated entities.

[Bill Trenchard @btrenchard]

You join a company early, work insanely hard, and if you’re lucky, the value of your stock goes way up. But all those eggs are in one basket, and it’s the kind that comes with a huge tax bill if you try to diversify. (A “hold and hope” strategy isn’t all that appealing either.)

Stock concentration is a weird trap too many in the startup world have fallen into. @srikanthatcache faced this problem firsthand at Uber, and he knew others struggling with it, too.

The ultra-wealthy solved this decades ago with exchange funds, enabling them to swap concentrated positions for a diversified portfolio, deferring the taxes. It’s a brilliant product, with one catch: million-dollar minimums and prohibitive fees that make it basically inaccessible for most people.

When Srikanth showed me @usecache early prototype in late 2021, it clicked instantly. I’ve always liked to nerd out on personal finance and estate planning. It's the kind of thing I’ll ramble about for way too long at a dinner until someone stops me (usually my wife or @brettberson).

I’d long felt this particular demographic was massively underserved. The $100K minimums vs $1M difference alone is huge, but Srikanth’s obsession with removing every bit of friction from the end-to-end experience also stood out.

In just a year after launching, the market response has been pretty incredible. $625M+ in platform assets, 400+ RIAs using the platform, average tax deferral of $700K per investor, and the company’s already approaching profitability.

Proud that @firstround had the chance to double down from the 2021 seed by leading this $12.5M Series A round.

Great write up on their story by @bayareawriter today.