Increased participation in pre IPO investing is partly linked to improved secondary market transparency — new platforms like EquityZen are reporting record user numbers as accredited investors seek early exposure. There are plenty of high-valued AI companies raising large sums of money in the private market. CHICAGO , Oct. 2, 2025 /PRNewswire/ -- AIR Asset Management ("AIR," "the Firm"), a Chicago -based alternative investment manager, announced today that it is exploring opportunities to launch investment products in the pre-IPO Artificial Intelligence ("AI") sector. This initiative reflects AIR's continued expansion across the alternative investments landscape and furthers its mission to deliver innovative strategies and products to investors. Pre IPO investing in Q2 2024 shows heightened interest as venture-backed startups approach late-stage valuations above $1B, with data from PitchBook revealing median pre-IPO deal size up 18% YoY. Institutional funds are scaling positions to capture potential IPO pops amid a resilient Nasdaq.