Key Takeaways
- Webull unveils a private markets initiative enabling accredited investors to gain exposure to late-stage private firms through special purpose vehicles
- The brokerage has joined forces with Monark Markets, leveraging Monark Capital Management’s framework for deal sourcing and structuring
- Every SPV offers investment access to a single late-stage private entity, with a maximum cap of 99 investors per vehicle
- Users can express interest in particular private firms, with these preferences guiding Monark’s deal-sourcing strategy
- The SPV feature will become available to all eligible accredited investors shortly through the updated Webull application
Webull (BULL) is venturing into private markets for the first time, unveiling a new offering that enables qualified accredited investors to gain exposure to late-stage private enterprises through special purpose vehicles integrated directly into its platform.
Webull Corporation Class A Ordinary Shares, BULL
The brokerage has formed a partnership with Monark Markets, with SPVs sponsored through Monark Capital Management LLC. Monark’s established private markets framework manages the identification and organization of each investment opportunity.
BULL stock was experiencing approximately 3% decline in Tuesday’s trading session.
The platform operates on a demand-driven framework. Accredited investors using Webull can express interest in particular private companies. Once sufficient demand accumulates, Monark identifies an appropriate opportunity and establishes an SPV. Each investment vehicle maintains a strict limit of 99 qualified investors.
Each SPV is designed to provide concentrated exposure to a single company exclusively. There is no portfolio diversification within an individual vehicle — it represents a targeted, concentrated position in one late-stage private enterprise. All subscription processes and funding transactions occur directly through the Webull application.
Anthony Denier, Group President and U.S. CEO of Webull, noted that private markets have “become an increasingly important part of how companies create value,” though access has traditionally been restricted to institutional investors and wealthy individuals.
“This launch reflects our continued effort to broaden access for eligible investors by connecting them with private market opportunities in a structured way, directly within the Webull platform,” Denier said.
Ben Haber, CEO of Monark Markets, characterized the partnership as furthering the “convergence of private markets and traditional brokerage.”
Eligibility and Access Details
To participate in SPV investments, users must satisfy accredited investor criteria and fulfill Webull’s eligibility standards. The expressions of interest carry no binding commitment — indicating interest in a company creates no obligation for investors.
Webull indicates that SPV access will launch imminently for all qualifying users. Investors must download the most recent version of the application from the App Store to utilize this functionality.
Understanding the Risks
Webull explicitly emphasizes these investments carry substantial risk. Private securities are inherently speculative, with the possibility of complete capital loss. The company highlights illiquidity concerns, restricted reporting rights, valuation ambiguity, concentration exposure, potential ownership dilution, and management fees as primary risk factors.
No public secondary market exists for these investments, and transfer limitations are enforced. These products are not suitable for typical retail investors — they’re designed exclusively for those with capacity to sustain total investment loss.
This launch represents a significant strategic expansion for Webull beyond conventional public market securities. It responds to increasing retail investor appetite for exposure to high-growth private companies before public listings.
SPV access is deploying to all qualifying Webull users in the immediate future.


