Mutual funds invest in private equity and venture capital funds and even directly into startups, such as Fidelity: http://recode.net/2015/11/10/one-of-snapchats

Mutual funds invest in private equity and venture capital funds and even directly into startups, such as Fidelity: http://recode.net/2015/11/10/one-of-snapchats-latest-investors-just-downgraded-its-valuation-by-25-percent/ http://recode.net/2015/11/10/one-of-snapchats-latest-investo...