PRE-IPO · BY INVITATIONSPACEX · OPENAI · ANTHROPIC · XAI · ANDURILCANVA · STRIPE · DATABRICKS · REVOLUTFCA AUTHORISEDINSTITUTIONAL ACCESSLONDON · EC1A 7BLEDINBURGH · EH2 4ADQUALIFIED INVESTORS ONLYEST. 1988PRE-IPO · BY INVITATIONSPACEX · OPENAI · ANTHROPIC · XAI · ANDURILCANVA · STRIPE · DATABRICKS · REVOLUTFCA AUTHORISEDINSTITUTIONAL ACCESSLONDON · EC1A 7BLEDINBURGH · EH2 4ADQUALIFIED INVESTORS ONLYEST. 1988PRE-IPO · BY INVITATIONSPACEX · OPENAI · ANTHROPIC · XAI · ANDURILCANVA · STRIPE · DATABRICKS · REVOLUTFCA AUTHORISEDINSTITUTIONAL ACCESSLONDON · EC1A 7BLEDINBURGH · EH2 4ADQUALIFIED INVESTORS ONLYEST. 1988PRE-IPO · BY INVITATIONSPACEX · OPENAI · ANTHROPIC · XAI · ANDURILCANVA · STRIPE · DATABRICKS · REVOLUTFCA AUTHORISEDINSTITUTIONAL ACCESSLONDON · EC1A 7BLEDINBURGH · EH2 4ADQUALIFIED INVESTORS ONLYEST. 1988

Pre-IPO · By invitation · Qualified investors

Pre-IPO equity in the world's most consequential private companies.Sourced and structured in London.

Cavendish provides verified investors with direct pre-IPO positions in SpaceX, OpenAI, Anthropic, xAI, and Anduril — sourced and negotiated by our investment committee.

By invitation only · Minimum investment available on request · London, United Kingdom

Est · London

EC1A 7BL

1988

The Square Mile

The City · London

Operating from the Square Mile since 1988.

5

Flagship Positions

340+

Qualified Investors

FCA

Authorised & Regulated

1988

Established · London

The most consequential companies of our generation are now staying private for a decade or more. Our role is to give qualified investors disciplined, structured access to that universe — before the public market gets there.

Lisa Gordon · Chair · Cavendish Capital Markets

Featured allocations

Nine pre-IPO positions. One curated book.

Each position is sourced from primary rounds or insider tender offers and approved by our investment committee. Pricing and term sheets are released inside the portal once you have been verified.

Aerospace & Defence

SpaceX

SpaceX

Reference · Dec 2025 insider tender

Falcon 9, Starlink, and Starship. The most flown orbital launch system in history, with Starlink now serving over 8 million subscribers across more than 100 countries.

Open · FeaturedRequest access →

Artificial Intelligence

OpenAI logo

OpenAI

Reference · Oct 2025 secondary tender

Operator of ChatGPT and developer of the GPT-4 family — the fastest-growing consumer application in history, with deep enterprise distribution across the Fortune 500.

Artificial Intelligence

Anthropic logo

Anthropic

Reference · Series G · Feb 2026

Creator of the Claude model family. Series G led by GIC and Coatue closed February 2026, with co-leads including D.E. Shaw, Dragoneer, Founders Fund, ICONIQ, and MGX.

Artificial Intelligence

xAI logo

xAI

Reference · Merged with SpaceX · Feb 2026

Builder of the Grok model family and operator of the Colossus supercluster in Memphis. Merged with SpaceX February 2026 in an all-stock transaction. xAI shareholders received 0.1433 SpaceX shares per xAI share. Colossus supercluster in Memphis continues as part of the combined entity.

Defence Technology

Anduril logo

Anduril

Reference · Series H · May 2026

Defence technology platform building autonomous systems and AI-defined hardware for the US and allied militaries. $61B post-money Series H led by Thrive Capital and Andreessen Horowitz, May 2026.

How we work

Institutional-grade access. For qualified investors only.

Three principles govern every position we offer and every relationship we hold. We do not run a marketplace, we do not chase volume, and we do not place a client in a position the investment committee would not personally underwrite.

I

Committee-Vetted Positions

Every position is sourced and approved by our investment committee. No marketplace listings — each deal is negotiated directly with existing shareholders.

II

Dedicated Broker Service

Every investor is assigned a named broker. They guide you through documentation, timing, and post-investment reporting. One point of contact, always.

III

Institutional Infrastructure

Secure document vault, share certificates, audit-quality activity logs, and multi-currency wire management — the same standard you would expect from a tier-1 custodian.

London & Edinburgh

Head Office

EC1A 7BL

The Square Mile · London

United Kingdom

Regulatory standing

FCA-regulated.
Fully authorised.

Cavendish Capital Markets Limited and Cavendish Securities plc are both authorised and regulated by the Financial Conduct Authority. Compliance and legal teams are based in-house in London.

1988

Year Founded

FCA

Regulator

2

FCA Registrations

London

Primary Domicile

The Process

From invitation to investment in four steps.

We operate on a private referral basis. Every investor goes through the same disciplined process — no shortcuts, no exceptions.

I

Receive Invitation

Access begins with a personal referral from our Investor Relations team or an existing client.

II

Submit & Verify

Complete our KYC process — identity, proof of address, and source of funds. Reviewed personally.

III

Access Live Deals

Once verified, you gain access to the secure investor portal. Sign SPAs digitally and commit at the offered price.

IV

Wire & Receive Cert

Send funds via international wire within 72 hours. Share certificate issued the same day funds clear.

Average time from verified status to first position: 3–5 business days. Your named broker is available throughout.

Begin Your Application

Get started

Qualified investors are invited to apply.

We do not accept walk-in applications. If you were referred by one of our brokers or have received a direct invitation, submit your details and your broker will be in contact within two business days.