The IPO CLUB America 2030 Target Maturity Fund is a 6-year, actively managed secondary investment fund specializing in U.S. defense, energy, AI, and security.
It allocates 70% to secondary market investments and 30% to follow-on primary investments, targeting Series B growth companies with established revenues.
America 2030 aligns with U.S. economic security and technological advancement, focusing on energy security, autonomous defense systems, cybersecurity, and data infrastructure — critical sectors driving innovation, resilience, and prosperity.
IPO CLUB is a venture capital and private market investments leader that applies industry expertise and a research-driven approach to identify investment opportunities. America 2030 Fund seeks exposure to late-stage private market investments in key U.S. industries, including defense, energy, security, and data. The fund aims to capitalize on current market trends.
Offering Details
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About IPO CLUB
IPO Club is a venture capital investment platform providing access to exclusive pre-IPO and private market opportunities, specializing in late-stage U.S. companies within defense, energy, security, and data. The firm seeks long-term value creation by leveraging speculative valuations in these high-growth sectors. With a focus on research, strategic insights, and institutional partnerships, IPO Club connects investors to emerging opportunities in key industries.
Key Investment Focus
The fund focuses on high-impact sectors critical to national security and technological advancement, including U.S. defense, energy, data, and security. It targets dual-use technologies with civilian, defense, and security applications, and growth companies developing energy resilience solutions as well as AI technology and infrastructure. This diversified strategy aims to enhance market stability while driving innovation in technologies vital for national security.
Below are examples of successful investments in each category.
Defense
- Anduril (MOIC 4x) since 2021
- SpaceX (MOIC 2.7x) since 2022
Energy
- NewCleo, Gen-IV small nuclear reactors
Security
- Palantir (IPO 2020, IRR 259%, MOIC 4.1x)
- Rubrik (IPO 2024, IRR 90% including post-IPO)
Data
- Confluent (IPO 2021, IRR 115%)
- xAI (Series B, May 24, Nov 24 Series C, MOIC 3.1x)
Past investment performance is provided for illustrative purposes only and does not guarantee future results. Market conditions, economic factors, and investment risks may impact returns.
America 2030 Target Maturity Fund
The IPO CLUB America 2030 Target Maturity Fund is a 6-year, actively managed secondary investment fund specializing in U.S. defense, energy, data, and security.
It allocates 70% to secondary market investments and 30% to follow-on primary investments, targeting potential high-growth Series B companies with established revenues. America 2030 aligns with U.S. economic security and technological advancement, focusing on energy security, autonomous defense systems, cybersecurity, and data infrastructure — critical sectors driving innovation.
Strategy:
Single asset deals have become a meaningful piece of the growing secondary market.
Liquidity Renaissance in Private Markets:
Capitalizes on the growing trend of increased liquidity in private markets, enabling more efficient access to exits compared to traditional private equity models.
Targeting Exits via Pre-IPO Private Secondary Trades:
Focuses on pre-IPO secondary trades to offer liquidity before public offerings and potentially reduce holding periods. As single asset deals gain significance in the secondary market (see chart), the strategy leverages these transactions for more targeted exits, particularly in pre-IPO companies.
Reducing Risk of Delayed IPO/M&A:
Can help mitigate some of the uncertainty around IPO and M&A timelines by utilizing secondary market transactions for more predictable exit strategies.
U.S. Firms with Established Secondaries:
Targets U.S.-based firms with strong secondary market activity, ensuring investments are backed by companies with established exit paths.
Sources: JPM, Preqin
Any discussion of liquidity is hypothetical and based on assumptions that may not materialize. Private market investments are inherently illiquid, and there is no guarantee that a secondary market or exit opportunity will be available.
The IPO CLUB Team
The team is committed to building strong deal flow and internal processes, leveraging on its operating experience, relevant network and expertise.
Investment Management
Edoardo Zarghetta, Co-Founder & General Partner
Edoardo is the Founder and General Partner at IPO CLUB and America 2030, a Series of IPO CLUB II LLC. Born in Rome in 1973, Edoardo holds a degree in Political Science from La Sapienza University, an MBA and an MSc in Renewable Energy from Heriot-Watt University in Edinburgh.
With over two decades in investment banking, he has held key roles including DCM Chief Dealer at Danske Bank in Copenhagen, Sales Director at Mitsubishi UFJ International in London, and Private Banker at Credit Suisse in Milan. He later served as Managing Director at Bardi Co., a U.S. broker-dealer and RIA, overseeing private markets and asset management. Currently, he is the IR Advisor for Trawell Co., a Milan-listed leader in airport retail services, and Sostravel.com, a travel tech company.
Board of Advisors
Eva L. Cassman, Investments
Eva Cassman advises on strategic investments and risk assessment, drawing from her extensive experience in intelligence and financial consulting. She has led analytical teams at Forvis Mazars, EY-Parthenon, and Jacobs, specializing in counterterrorism and global risk management. She holds an MS in Emergency Management and Homeland Security from the University of Arizona and a BA in International Affairs from the University of Georgia.
Maksim Sonin, Energy
Maksim Sonin brings decades of experience in global energy investments, having served on the boards of multibillion-dollar capital projects and managing portfolios exceeding $15 billion, including UCC and Silleno. A Stanford Sloan Fellow, he holds an MS in Management from Stanford Graduate School of Business, a PhD in Engineering from the Scientific Research Institute of Natural Gases and Gas Technologies, and an MS in Finance. His expertise spans petrochemicals, fertilizers, natural gas, low-carbon fuels, and sustainable energy infrastructure.
Frederik Zarghetta, Security
Frederik Zarghetta specializes in cybersecurity and risk mitigation, with experience as an Information System Security Officer in the Air Force and cyber conscription in the Navy/Army. He holds multiple certifications, including Cisco CyberOps Associate (CCNA), ISO 27001 & 27005, Splunk Advanced APT Hunting, and BlueTeam Level I. He is also pursuing the Certified Information Security Manager (CISM) credential.
Zaheer Ali, Defense and Space
Zaheer Ali is a leading expert in space technology and defense policy. He is Managing Partner at New Space Finance and a Professor of Practice at Thunderbird School of Global Management. Over his career, he has held executive roles at Hewlett Packard Enterprise, ThinkOrbital, and Space Railway, advising NASA and pioneering AI applications in aviation and space. He holds an MA in Global Management from Thunderbird and a BA in Physics from the University of California.
Benefits of exposure to private equity with the America 2030 Target Maturity Fund
Strong Track Record
This team has invested with a strategic focus on national interests, including defense, security, data, and energy, since 2020. For that vintage, IPO CLUB achieved 2.2X the benchmark as compared to the median total value to paid-in capital (TVPI) of 1.08 (Carta).
*Source: IPO CLUB. All numbers as of January 2025.
*DPI and Realization, including all funds distributed to LPs, is 30.8%
Sweeteners
The America 2030 Fund offers specific incentives to align interest between investors and the GP. These may include reduced fees for early investors, cost absorption by the GP, and governance structures designed to enhance transparency and oversight. However, these incentives do not eliminate investment risks. Key advantages include:
Pre-Committments
To ensure successful fundraising, efforts are underway to collect interest and commitments from early investors. Early commitments from the General Partner, family offices, and high-net-worth individuals reflect alignment with the vision to capitalize on transformative opportunities in the U.S. defense, energy, security, and AI sectors. The United States roadshow is set to begin in March 2025.
December 2024 Commitments
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Offering Documents
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