ApeVue50 Index & Sectors YTD Performance (% year-to-date)
Returns for Private Markets (%YTD to 09-Oct-23):
Data = +16.54%
Analytics = +10.89%
Financial = +8.98%
ApeVue50 = +9.56%
SaaS = +22.22%
Most Active Names Performance
ApeVue50 Privates versus Public Benchmarks/ETFs
Public v. Private (12mo)
The ApeVue50 tracks the performance of the 50 most active private names observed in the secondary market. It is an equal-weighted index, rebalanced on a monthly basis.
This rebalancing of constituents over time gives way for more active names to participate in what we observe as "market performance," and in a more appropriate manner than static selections and weightings criteria.
Stock Spotlight - Redwood Materials
Redwood Materials is pioneering a closed-loop domestic supply chain for lithium-ion batteries. They are doing more than just recycling; they are creating a system in which battery components are manufactured domestically and reused repeatedly.
Redwood’s Billion Dollar Boost
Redwood recently secured over $1 billion in Series D funding in addition to $2B loan commitment from the Department of Energy.
This funding round, supported by major investors like Goldman Sachs and T. Rowe Price, underscores confidence in Redwood's vision.
Metal Recovery — Recover 95% of battery elements
✅ By 2025 — Redwood is set to produce sufficient anode and cathode for one million electric vehicles annually.
✅ By 2030 — Redwood is set to produce sufficient anode and cathode for five million electric vehicles annually.
Redwood Materials Secondary Market & Funding Round Data
- Redwood Material's secondary market activity indicates a composite price mid of about $46, or a $4.8B valuation.
- Redwood Material's implied valuation is about 12.5% less than the valuation they raised at during their Series D.
- The bid/ask ratio for Redwood Materials is currently heavily favoring Asks over the last few quarters, and their volatility is cooling off compared to earlier this year in April/May.