Story perspectives

Clear Street Opens SPV Access to Databricks Stake

8/1/2026

Summary

Story summary

Clear Street is launching a platform letting accredited investors buy interests in an SPV holding a third-party fund stake in Databricks, valued at $188 billion.
CEO Uri Cohen said the goal is to remove friction and broaden access.
Clear Street aims to add 30 startups by year-end, targeting tech firms worth $5-$20 billion and 6-24 months from IPO.

History

Historical Context

The 2009 launch of SharesPost, the first regulated secondary market for private-company shares, opened significantly new liquidity for accredited investors. Backed by Goldman Sachs and founded by Dan Primack, SharesPost reported $1.2 billion cumulative transaction volume by 2015. Clear Street’s 2024 SPV platform, led by CEO Uri Cohen, lets accredited investors buy interests in a Databricks-backed fund, echoing SharesPost’s approach. The parallel signals expanding private-market liquidity, urging the SEC to refine accreditation rules and pressuring venture firms to broaden capital access.

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Story summary

Clear Street is launching a platform letting accredited investors buy interests in an SPV holding a third-party fund stake in Databricks, valued at $188 billion.
CEO Uri Cohen said the goal is to remove friction and broaden access.
Clear Street aims to add 30 startups by year-end, targeting tech firms worth $5-$20 billion and 6-24 months from IPO.

1 / 2