Cache Crosses $1.5 Billion in Assets, Opens Summer Aperture, and Launches New Fund for Accredited Investors

SAN FRANCISCO--(BUSINESS WIRE)--Cache announced that it has surpassed $1.5 billion in platform assets, just 25 months after it launched the Cache Exchange Fund. The company also opened its Summer Aperture enrollment window and introduced Cobol, a new exchange fund for accredited investors, scheduled to launch on July 1, 2026.

The milestone reflects accelerating demand from investors managing large, concentrated stock positions. Over the past four months, Cache has added more assets than in its entire first year.

“For years, concentrated stock meant mainly two choices: hold or sell,” said Srikanth Narayan, founder and CEO of Cache. “Crossing $1.5 billion in 25 months shows that investors were eager for a better choice.”

Summer Aperture: expanded capacity for concentrated positions

Cache’s Aperture closes are coordinated enrollment windows across its Flagship funds, designed to expand capacity, including high-demand stocks often constrained in traditional exchange funds.

Through Summer Aperture, investors can contribute to Cache’s three Flagship funds:

• UNIX, benchmarked to the Nasdaq-100
• Bedrock, benchmarked to the S&P 500
• Mosaic, benchmarked to the S&P 500 Growth

Enrollment is currently open. The deadline to initiate a stock transfer is July 1, ahead of the July 15 close.

$1.5 billion in 25 months

Cache’s growth to $1.5 billion in assets comes just two years after its 2024 launch. The platform has added more assets in the past four months than in its entire first year, driven by demand from professionals and executives seeking to reduce concentration risk without triggering immediate taxes.

Today, Cache’s platform includes assets across exchange funds, tax-aware long/short, collar advance, and stock lending strategies.

Cobol: expanding access to exchange funds

Cache also announced the launch of Cobol, a new exchange fund available to accredited investors with a $100,000 minimum investment.

Cobol benchmarks to the S&P 500 Growth Index, the same index used by Cache’s Flagship fund Mosaic, and is designed to extend exchange fund access beyond Qualified Purchasers.

Enrollments are currently open, and the initial close for the fund is scheduled for July 1.

Cache Tax-Aware Long/Short

Cobol follows the recent introduction of Cache Long/Short — another important tool in the toolkit for a concentrated stockholder.

The strategy is a separately managed account that works by harvesting losses across leveraged long and short overlays, helping concentrated stockholders diversify gradually. Together, these tools expand the range of options available to investors managing concentrated stock positions. Investors can use this strategy alongside an exchange fund.

Since launch, the program has seen strong demand from hundreds of investors and continues to onboard new participants.

About Cache

Cache is a San Francisco–based brokerage platform purpose-built for managing large, concentrated stock positions. Learn more at usecache.com.

Disclosures

“Cache" refers to Cache Financials, Inc., the parent company of Cache Securities LLC (member FINRA/SIPC) and Cache Advisors LLC (SEC-registered investment adviser). Registration does not imply a certain level of skill or training.

Cache Exchange Fund – Cobol, LLC anticipates accepting investors on July 1, 2026 is open to Accredited Investors only. Investments are not accepted until an offering document is accepted Cache Flagship Funds (Mosaic, UNIX, Bedrock) are open to Qualified Purchasers only.

Exchange Funds are alternative investments involving long-term risk, limited liquidity, and higher fees than traditional investments. Exchange Funds defer — but do not eliminate — tax obligations. Past performance is not indicative of future results. Diversification does not ensure profits or prevent losses.

The Cache Long Short Program is sub-advised by Brooklyn Investment Group, an unaffiliated SEC-registered investment adviser, with assets custodied at Charles Schwab & Co., Inc. (Member SIPC). Long/short strategies involve additional risks including leverage, short selling, and heightened volatility. Pipeline figures reflect indicated interest, not assets under management.

Total assets include gross Exchange Fund assets, pending contributions, platform assets, and Collar Advance transactions. Pending contributions and Collar Advance assets are not managed by Cache. Data as of April 29, 2026.

S&P 500 Growth, S&P 500, and Nasdaq-100 are unmanaged indices; investments cannot be made directly in an index.