Legion Equity is modern infrastructure for private markets, built for qualified investors. Members allocate to pre-IPO SPVs and funds run by emerging managers with verified track records, then sell positions on a GP-approved secondary market in days instead of a decade. Backed by VanEck, Brevan Howard Digital, and other institutional capital. Source for $7.7T in private unicorn value: CB Insights Global Unicorn Club, 2025. Source for Amazon's $438M IPO: SEC S-1 filing, May 1997.
Backed by institutional capital
The market moved private
$226B+ traded around Anthropic, SpaceX, and OpenAI in 2025. Private markets aren't static anymore.
For Investors
By IPO day, the upside is gone
Amazon IPO'd at $438M. SpaceX hit $800B before going public. The private market is now capturing most of the upside.
Big checks buy the seat
Block sizes run $100K to $10M to $25M+. Even if you find the deal, the minimum keeps most people out.
Your money is trapped for a decade
You write a check, wait a decade, and hope the GP gets you out. Your capital is stuck while the fund collects management fees on it.
For Managers
Launching and managing SPVs is an ops nightmare
Formation, banking, compliance, K-1s, then secondaries and nested SPVs stacked on top. Every deal turns you into a fund administrator instead of a dealmaker.
Finding high-quality LPs is a grind
Legion has built a reputation system from the ground up with millions of data points to be able to surface to you the highest quality LPs and who actually brings value to your deals.
Edge without distribution goes nowhere
You bring sharper deals and tighter conviction. Megafunds bring brand and a press machine. The LPs hear them, not you. Without a megaphone built for quality, your edge stays invisible.
Inside the network
All the action now happens before the bell.
Companies now stay private for a decade or more, and the private secondary market hit a record $226B+ in 2025. Legion puts you on those rails: early-stage SPVs, funds, and GP-approved secondaries at real minimums, on cap tables reaching qualified investors in 100+ countries.
See Live DealsTrust
Pick your LPs. Vet your GPs.
You choose who you work with. We give both sides the data to decide faster.
GPs pick their LPs
Funding history, reputation, and deal behavior on every investor before you accept a check.
LPs vet their GPs
Track record, references, and prior performance on every manager before you wire.
Reputation both ways
Every deal updates both scores. Standing is earned in public, on both sides.
Meet every manager on video
Each fund lead records a walkthrough: thesis, edge, and track record. Watch them make the case before you commit a dollar.
Verified counterparties, 100+ countries
Every participant clears accreditation, KYC, and AML. Cap tables are signed by real people you can look up, recognized internationally.
The room you've been waiting to be in.
Who it's for
GPs you'd want to back. LPs you'd want in your deal.
For Emerging Managers or Solo GPs
Run the deals you source.
- SPV live in 72 hours
- Curated LP network. Invite only.
- Carry on every secondary trade in your deal
- Zero paperwork. We handle compliance, K-1s, and bank ops.
For Accredited Investors
Same deals as the top VCs. Open to qualified investors.
- Allocations sourced by managers, not platforms
- Reputation earns better access
- A working secondary market in 30+ countries
- One line on the cap table, properly papered
Your Portfolio
One place for everything you own.
Hold every position, document, and K-1 in one place. Sell on the secondary when you want out.
How It WorksProcess
Apply. Access. Exit.
Apply in 10 Minutes
KYC, accreditation, and reputation scoring all run in one flow. Most applicants are browsing live deals same day.
Access Pre-IPO Deals on Day One
Early-stage SPVs and late-stage secondaries from managers with real track records. Formation, docs, and subscriptions handled. Browse, read the memo, commit.
Sell Your SPV Position When You Want
GP-approved secondary trading. List your position and sell to other qualified investors. Days, not decades.
Compound Your Reputation
Your Legion Score grows with every deal you commit to and every call you get right. Higher scores get earlier access on oversubscribed rounds.
Private markets, finally built for how they actually work.
Early-stage positions baked into a live secondary market. Streamlined formation, lower overhead, less to manage. The rails modern private markets should have had all along.
Sell when life changes, not in a decade.
GP-approved secondary trading turns a 10-year lockup into a market. List your position, take an offer, redeploy.
FAQ
Frequently Asked Questions
Everything you need to know about investing with Legion.
Legion is a private markets platform for qualified investors. You allocate to SPVs and funds run by vetted managers, rebalance your portfolio in our secondaries market, and manage everything from one dashboard.
Accredited investors in the US and qualified investors in 100+ other countries. Everyone clears KYC, AML, and gets reputation-scored before their first allocation.
An SPV (Special Purpose Vehicle) is a Delaware LP that pools capital from multiple investors into a single deal. The GP runs it. You invest in the SPV; the SPV invests in the company. You get exposure to deals that normally require a $5M+ check, with $10K minimums and one signature per deal.
SPVs are typically locked up until the company exits, often 10 years or more. Secondaries on Legion exist for the times that timeline doesn't fit your life. You list your interest at a price you set, the GP approves the transfer, and another accredited investor takes the position. It's there if you need it, not the reason you invested.
Yes. We operate under Reg D 506(c), which means every investor is verified accredited before they can allocate. SPVs are organized as Delaware LPs. We run KYC and AML on every participant. Investor capital sits in segregated accounts at a regulated bank, not in operating accounts.
Click "Apply." The application takes 10 minutes and includes KYC, accreditation upload, and a few questions about your investing background. Most applicants are approved within 24 hours and can browse live deals immediately after.
Back the next Anthropic, SpaceX, or OpenAI. Before it's obvious.
Legion is modern infrastructure for the way private markets work. Backed by VanEck, Brevan Howard Digital, and other institutional capital.