Robinhood CEO Regrets Retail Can’t Tap Private Markets (1)

Robinhood Markets Inc. Chief Executive Officer Vlad Tenev said retail investors are largely excluded from the “huge opportunity” available in private markets.

“A big tragedy is that private markets are where the bulk of the interesting appreciation and exposure is nowadays,” Tenev said in an interview with David Rubenstein for an episode of Bloomberg Wealth. “It’s a shame that it’s so difficult to get exposure in the US. We’re obviously working to solve that.”

Robinhood has already taken steps in that direction, offering tokens to European retail clients last month that it said effectively give users exposure to private ...