001 / HOMEAccredited Investors · Delaware Series LLC · EST. 2024

Access late-stage private markets, one deal at a time.

Zhenzhen is a Delaware Series LLC that underwrites late-stage AI, web3 infrastructure, and pre-IPO secondaries — then opens each allocation to accredited investors as a standalone SPV. No blind-pool fund. No ten-year lock. Decide deal by deal.

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SPV-15Erebor Bank·$2.0B val.·OversubscribedSPV-14Polymarket·$3.2M committedSPV-11SpaceX·$350B val.·+4.2× TVPISPV-07Anduril·$30.5B val.·+6.1× TVPISPV-05Exited — Figma·Acq. 2024·+3.4× DPISPV-03Exited — Scale AI·Secondary 2024·+2.1× DPISPV-15Erebor Bank·$2.0B val.·OversubscribedSPV-14Polymarket·$3.2M committedSPV-11SpaceX·$350B val.·+4.2× TVPISPV-07Anduril·$30.5B val.·+6.1× TVPISPV-05Exited — Figma·Acq. 2024·+3.4× DPISPV-03Exited — Scale AI·Secondary 2024·+2.1× DPI
01
15
SPVs launched
02
$45M
Committed capital
03
$3.0M
Avg. check / SPV
04
34%
Median IRR (realized)
02 / MODELHow Zhenzhen works

A single-company fund, every time.

Each investment is structured as its own protected series under Zhenzhen Ventures Series LLC. You review, you commit, and the SPV closes. No capital call on deals you didn't pick.

01
We source and underwrite
Partner-led sourcing across the Valley, NYC, and Singapore. Diligence includes financial, legal, product, and market review.
02
We form the SPV
Each company gets its own protected series — a segregated LP with its own register, cap table entry, and reporting.
03
You pick your deals
We share a memo, terms, and a subscription doc. You commit to the ones you want. Minimum $25,000 per SPV.
Read the full explainer
RECENT CLOSE / SPV-15

Erebor Bank closed oversubscribed.

No active SPV right now. The next allocation opens to the investor list first — usually a one- to two-week subscription window before soft close. Request access to be on the list.

Request accessSee the portfolio
04 / GET STARTED

Invest deal by deal.

Request an investor account. We'll verify accreditation, onboard you in about a week, and send the next SPV memo when it opens.

Request access