Arq

Investment product design and portfolio construction sit with the executive team led by CEO Kendrick Nguyen and COO Shrikanth Gotur. Arq operates as a product manufacturer rather than a traditional fund-of-funds allocator, so the core investment decision is manager selection and product structuring — not direct deal underwriting. Nguyen's prior experience as CEO of Republic, one of the largest retail private-investing platforms, informs the team's understanding of which alternative exposures resonate with individual investors.

Arq uses multiple wrappers depending on the distribution channel and underlying asset class. The firm has filed for semi-transparent active ETFs that hold private credit, and it operates interval funds that offer quarterly redemption liquidity for less-liquid strategies. It also offers separately managed accounts with direct-indexing overlays for taxable investors. This multi-wrapper approach lets the same underlying manager access different segments of the retail and high-net-worth market.

Arq does not make fund commitments or direct investments itself. It selects third-party alternative managers and underwrites structured products — ETFs, interval funds, and managed-account strategies — that give end investors exposure to those managers. The firm does not operate a proprietary balance-sheet portfolio; its revenue comes from advisory fees on the products it issues.

Arq raised a $23 million Series A in April 2022 led by Soros Fund Management's private investing arm (per Bloomberg, April 2022). The firm uses venture funding to build product engineering teams and negotiate distribution partnerships, rather than relying on management fees from an existing asset base. This corporate capital structure makes Arq's business trajectory more dependent on product approvals and platform adoption than on short-term AUM growth.