How to Invest with NonPublic: A Step-by-Step Guide

If you have decided to explore private market investing and you want to understand exactly how it works on our platform, this guide walks you through the whole process. From what NonPublic actually is, to whether you qualify, to how a deal works from the moment you see it to the moment it lands in your portfolio. No jargon, no assumed knowledge. Just a clear explanation of how to go from interested to invested.

What is NonPublic?

NonPublic is an investment platform that gives wholesale and sophisticated investors access to private market opportunities that are usually difficult to reach as an individual. That means venture capital and private equity deals, pre-IPO companies, and structured investment vehicles in businesses like SpaceX, OpenAI, Anthropic, and Anduril.

The reason a platform like this exists is that private companies do not make it easy for individual investors to buy in. Deal flow sits with institutions, cap tables are closed to outsiders, and the minimum cheque sizes for direct participation run into the millions. NonPublic solves that by curating deals, structuring the investment vehicles that hold the shares, and giving you a single place to browse opportunities, commit capital, and track how your investments are performing over time.

In short, we handle the sourcing, the structuring, and the administration. You focus on deciding which opportunities fit your portfolio. NonPublic operates under Australian Financial Services Licence #482668, which means the platform is regulated under the same framework that governs other licensed financial services in Australia.

Can I invest with NonPublic?

NonPublic is open to Australian wholesale and sophisticated investors as defined under the Corporations Act 2001. This is a legal classification rather than an arbitrary gate, and it exists because private market investments carry risks that the regulatory framework reserves for investors with the financial capacity to absorb them.

In plain terms, you likely qualify if you hold at least A$2.5 million in net assets, or you have earned at least A$250,000 per year for each of the past two financial years. Net assets can include your home, your superannuation, and your investment portfolio. The income test looks at gross income across both of the past two financial years.

If you are not sure whether you meet the threshold, that is completely normal, and it is one of the most common questions we get. Our team can walk you through the eligibility assessment in a short call and explain exactly what is involved in getting verified. You can book an introduction call whenever it suits you.

How the platform works

Once you are on the platform, investing follows a logical path.

Each deal on NonPublic has its own page with detailed information to help you make a decision. That typically includes a pitch deck, background on the company, relevant financial and market data, the structure of the investment vehicle, and the specific terms of the opportunity. The intention is to give you enough to assess the deal properly rather than a thin summary that leaves you guessing.

When you find a deal you want to participate in, you choose how much you want to invest, provided it meets the minimum commitment for that particular opportunity. Different deals have different minimums, so the amount you can commit will depend on the specific opportunity in front of you.

From there, the process moves to committing funds and completing the investment, which we cover in the steps below.

Getting started

Getting set up on NonPublic involves four simple steps.

You sign up and create your account. You complete KYC (know your customer) verification, which is a standard identity check required across all regulated financial platforms. You verify your wholesale or sophisticated investor status, which usually involves providing an accountant's certificate confirming you meet the thresholds. Then you start exploring the opportunities available on the platform.

Our team is available throughout the process. If you get stuck on verification, or you want help understanding a particular deal, or you simply want to talk through whether private markets suit your circumstances, you can reach out at any stage. Most people find the onboarding takes less time than they expect once they have their documentation ready.

The minimum investment

The minimum investment on NonPublic starts at US$5,000, though it varies by deal. Some opportunities, particularly larger or more sought-after deals, may require a higher commitment.

The relatively low entry point is deliberate. Direct participation in private companies has traditionally required cheque sizes well into the six or seven figures, which put the asset class out of reach for most individual investors even when they qualified as wholesale. By structuring access through pooled investment vehicles, NonPublic lowers the minimum to a level that lets you build a diversified position across multiple companies rather than concentrating everything in one.

The investment process, step by step

Here is what the full process looks like from start to finish.

First, you sign up and complete your onboarding, including KYC and investor verification. This is a one-time setup that gives you access to the platform.

Second, you browse the curated deals available across different sectors. You can review the materials on each deal page, compare opportunities, and take the time you need to decide what fits your portfolio.

Third, you commit funds to the investments you have selected. Once you commit, you will receive the bank account details for the relevant investment vehicle, and you wire your funds to complete the investment. The commitment and the transfer are two distinct steps, so you always know exactly where you are in the process.

Fourth, you monitor your portfolio as your investments develop. Private market investments are held until a liquidity event such as an IPO, acquisition, or secondary sale, so this is a long-term holding rather than something you trade in and out of. The tracking tools keep you informed throughout that holding period.

How you track and manage your investments

Once you have invested, NonPublic gives you a dashboard to monitor everything in one place. The dashboard provides real-time updates on your holdings, performance analytics so you can see how your portfolio is tracking, and downloadable reports for your records, tax preparation, and your own analysis.

Because private market positions can be held for several years before a liquidity event, having clear, ongoing visibility matters. The dashboard is designed so that you always know what you own, what it is currently valued at, and how your overall portfolio is performing without having to chase paperwork or wait for periodic statements.

A few things worth keeping in mind

Private market investing works differently from buying listed shares, and it helps to go in with the right expectations.

Your capital is committed for the long term. Private investments are illiquid, which means you cannot sell on demand the way you can with listed stocks. You should only invest capital you can comfortably leave in place for several years.

Returns are not guaranteed, and individual companies can fail. The potential upside of private markets comes with real risk, including the possibility of losing your entire investment in any single position. Sizing your positions sensibly and diversifying across multiple opportunities is the standard approach to managing that risk.

Doing your own due diligence still matters. The deal pages give you detailed information, but the decision is yours. If anything is unclear, our team is there to help you understand the specifics before you commit.

Ready to start?

If you qualify as a wholesale or sophisticated investor and you want to explore what is currently available, the simplest first step is to book an introduction call with our team. We can confirm your eligibility, walk you through the platform, and answer any questions about specific opportunities or the process itself.

You can also learn more about how the platform works or read our 2025 Private Markets Landscape report for broader context on the asset class before you begin.

NonPublic Pty Ltd (ABN 49 607 216 928) holds Australian Financial Services Licence #482668. Investments are available to wholesale and sophisticated investors as defined under the Corporations Act 2001. This content is general in nature and does not constitute financial product advice. It does not take into account your objectives, financial situation, or needs. Investing in private markets involves significant risk, including the potential loss of your entire investment. Past performance is not a reliable indicator of future results. You should obtain independent financial advice before making any investment decision.