Sweater Cashmere Fund
SWTRX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- IPO Date
- Apr 13, 2022
- Similar Companies
- Business
- The Cashmere Fund (ticker: SWTRX), formerly known as the Sweater Cashmere Fund, operates as an evergreen interval fund that seeks long-term capital appreciation through an actively managed portfolio of private, early-stage venture capital investments, including primary investments in seed through Series A companies and growth-stage secondaries; the fund targets high-growth opportunities in consumer goods, consumer technology, financial technology, health technology, software, and related sectors, leveraging networks of influence from sports, entertainment, and cultural tastemakers to accelerate portfolio company growth. Launched in April 2022 and headquartered in Boulder, Colorado, the fund is structured to provide broad accessibility to retail and institutional investors regardless of accreditation status, accepting daily capital contributions with a minimum investment of $500, semi-annual redemption windows, and annual distributions; it has attracted over 5,000 investors and deployed capital into more than 35 companies that have collectively raised over $500 million. In September 2024, the fund underwent a significant strategic restructuring when Forma Capital's affiliate, Forma Cashmere, LLC, was approved as sub-adviser, leading to its rebranding as The Cashmere Fund, with Forma assuming responsibility for fundraising, marketing, and capital deployment while original adviser Sweater Industries, LLC, retains oversight of investor relations, compliance, and asset valuation; this partnership enhances deal flow and growth support for portfolio holdings through Forma's expertise in influential partnerships. Portfolio managers Elia Infascelli, Mary Owen, and Ari Schottenstein, supported by partners including Buffalo Bills quarterback Josh Allen, Jenna Lyons, and Damar Hamlin, focus on companies with network effects, scalable impact, and broad market potential, with recent expansions including distribution discussions with fintech apps, neo-banks, and brokerages, as well as a December 2025 launch of the "Culture & Capital" podcast in collaboration with SoFi to promote alternative investments. The fund maintains operations primarily in the United States, offering exposure to pre-IPO venture opportunities typically reserved for institutional investors.