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2026 · 2 min read

Axis Exit Highlights

AAF Management Ltd.'s The Axis Fund, in just the first 3 years, is beginning to show what a diversified venture portfolio can look like as companies mature. Alongside over 33 private-market unicorns still in the fund, we are seeing early traction on exits and IPOs.

Across the portfolio, we've now seen outcomes spanning public listings, strategic acquisitions, and category-defining buyers including SpaceX, AMD, Meta, Apple, Figma, DoorDash, DraftKings, Intuitive, Klaviyo, and others.

What stands out to us is not any single outcome, but the range of sectors, founders, and pathways to liquidity represented across the portfolio.

Venture is a long-duration asset class. The work is in building exposure to exceptional companies early, staying patient, and allowing compounding to do its job.

Proud of the founders and managers behind these outcomes, and excited for what is still ahead.

IPOs

  • RedditIPO (NYSE: RDDT)
  • SpaceXIPO (NASDAQ: SPCX)
  • MerlinIPO (NASDAQ: MRLN)

Exits

  • xAISpaceX
  • MextAMD
  • PrizePicksAllwyn
  • Mesh Optical TechnologiesSpaceX
  • AgencyKlaviyo
  • MetisDoorDash
  • SpecStealth
  • ScienceIOVeradigm
  • PayloadFigma
  • lastmileMeta
  • SimplebetDraftKings
  • PointableApple
  • ZavvyDeel
  • Ruby RoboticsIntuitive
  • Underdog FantasyIG Group

Kyle Hendrick — AAF Management Ltd.