Working with top VC managers key to unicorn investing: report

Singapore

INVESTING in unicorns - the holy grail for investors - is both challenging and risky. But this may be overcome by a systematic, diversified approach of investing with top-quartile venture capital managers, according to an exclusive report by UBS.

Kasper Wichmann, UBS' head of private equity for the Asia-Pacific, says in the report that even as unicorns - private companies with US$1 billion + valuation - are becoming more common, the challenges and risks associated with identifying and investing in them are "considerable", making it a "nigh-on impossible task for the individual investor".