Jim Cramer Says He Is Not “Too Thrilled” About Robinhood Ventures Fund I “But It’s Easier to Justify Buying It at These Levels If You Really Want To”

Robinhood Ventures Fund I (NYSE:RVI) is one of Jim Cramer’s stock calls while he discussed the confusion surrounding the Trump-Iran conflict. Cramer noted that he is not “thrilled” about it, as he remarked:

The Robinhood Ventures Fund dropped 16% on its first day of trading, but it’s rebounded since then, and is now back above the price where it came public… When it launched, the Robinhood Fund only had seven holdings, and just one of them, Databricks, was truly exciting. Since the launch, they’ve announced another pair of investments…

See, there’s one big difference between the public launches of the Robinhood Fund and the Fundrise Fund. The Robinhood Fund that launched earlier this month was an actual IPO, meaning that the fund was issuing and selling new shares to the public and raising fresh money in the process… By the way, the Robinhood Ventures Fund has a net asset value per share of $25.31. Well, okay, that’s less than a buck above where the stock’s currently trading. I’m not too thrilled about that one either, but it’s easier to justify buying it at these levels if you really want to.

Robinhood Ventures Fund I (NYSE:RVI) is a venture capital fund that provides growth capital through direct investments.

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