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In January 2025, we introduced the Select Syndicate with a thesis. The best opportunities were increasingly locked in private markets — companies staying private for 12+ years instead of 4, with most of the value created before an IPO — and we believed curation and selectivity could unlock that asset class for our members. We aimed for unparalleled access, exceptional results, and expanding who gets to participate.

Twenty months in, with fresh mid-year metrics, here’s how that thesis is holding up.

We set out to curate unparalleled access. At launch, we pointed to opportunities alongside Founders Fund, Khosla Ventures, and access to oversubscribed rounds. Since then, the bar has only risen: the syndicate has invested alongside top-tier co-investors in some of the defining companies of this era, including OpenAI, Anthropic, and SpaceX. Curating access of this caliber was the harder half of the bet, and it’s the part we’re most proud of.

We aimed for results built on judgment. Our target was top-quartile performance. As of June 2026, the portfolio is marked at a 2.1x gross MOIC — 1.8x net to LPs after fees and carry — with a ~160% net LP IRR: early metrics that instead compare favorably with top 1% venture benchmarks. Interim and largely unrealized, but a strong signal that fewer opportunities, chosen with more judgment, compound.

We predicted demand for expanded access to private markets. What we didn’t fully anticipate is how far that would reach. Capital deployed has grown 13x+ in the past year, ahead of our forecasts — driven by deepening member participation and, increasingly, by institutional investors joining alongside members: UHNW-focused RIAs, multi-family offices, funds, and single-family offices. When professional allocators choose to invest through your curation, that’s a trust signal no marketing can manufacture.

What’s next. We wrote in that first post that the syndicate was a natural extension of our mission to improve members’ lives. That’s truer now than then. This month we’re launching Syndicate Sessions — live virtual discussions for members where we walk through current opportunities and answer questions in real time — because the best insights shouldn’t live in one-to-one email threads.

The syndicate itself will continue to grow as institutional relationships compound already exponential growth. The syndicate is one piece of a larger financial vision for Select. More on that soon.

If you’re a Select member, check your inbox for the full update and your invitation to the first Syndicate Session.

— Carlo Cisco, Founder & CEO

Syndicate performance figures (including 2.1x gross / 1.8x net MOIC and ~160% net LP IRR) are interim, largely unrealized, net of fees where indicated, and as of June 2026. Past performance is not indicative of future results. Private-market investments are speculative, illiquid, and involve risk, including possible loss of capital. Syndicate participation is limited to qualifying members meeting applicable investor requirements. This post is for informational purposes only and is not an offer to sell or a solicitation of an offer to buy any security.

Select, the premier private membership community and concierge service that unlocks special access, savings, and VIP treatment with premier brands and venues across the world, has officially expanded to Phoenix.

Since its founding in 2015, Select has welcomed over 30,000 members. Designed for discerning individuals seeking more than traditional loyalty programs or luxury credit cards can offer, Select delivers unparalleled benefits and a seamless digital concierge experience. Today, its network spans over 1.5 million locations globally—far eclipsing legacy programs, even those associated with Centurion and elite lifestyle memberships.

Members enjoy privileged access to unpublished rates of up to 60% off at hundreds of thousands of hotels and VIP status and upgrades at many of the world’s top-tier resorts, from Four Seasons and Rosewood to Ritz-Carlton and Waldorf Astoria. Select’s dining perks include significant savings, complimentary amenities, and VIP treatment at leading restaurants—now extending to Phoenix’s dynamic culinary scene with partners including standout favorites such as Toca Madera, Christopher’s, CALA, Mastro’s, and Carcara among others.

Select Partner, Toca Madera

Beyond hospitality, Select members unlock private offers with global brands including Ferragamo, Mercedes-Benz, Sonos, Tumi, Diptyque, Royal Caribbean, and Maui Jim. With discounts often reaching up to 60% off. Members can even access preferred pricing on business essentials including Google Cloud, Hubspot, Apple products, UPS, & more.

Furthermore, members also gain access to premier events worldwide. From Fashion Week in New York and Paris to Formula 1 races, Art Week, The Masters, and the Emmys, Select offers members the opportunity to experience some of the world’s most coveted cultural moments with preferred access and elevated hospitality.

Golden Globes Pre-Party at Bootsy Bellows in Los Angeles, California

Founder and CEO Carlo Cisco created Select to bridge the gap between exceptional individuals and exceptional experiences and brands.

“We envisioned a community where access, opportunity, and experience converge—enhancing the way people live and businesses engage,” Cisco shared. “Our members are global, forward-thinking, and discerning—and Select is designed to meet them where they are and where they aspire to be.”

To receive Select benefits, prospective members apply through a simple but competitive process. Cisco notes that the community’s median individual income is $250K and the average member earns $603K annually, though he notes that character, ambition, and alignment with the community’s values are equally important as financial metrics during the membership application process.

Once accepted, members receive a personalized black titanium membership card and full access to Select’s global platform for $695/year. Phoenix-area residents will be able to apply for membership at a preferred rate for a limited time.

The Select Syndicate Portfolio

Phoenix is a natural expansion for Select, and hundreds of local members are taking advantage of a growing curated roster of benefits across Phoenix’s top hotels, restaurants, sports teams, and experiences.

Select has also recently added a very exciting addition to the program: The Select Syndicate. The Select Syndicate enables accredited investors to invest in curated, high-growth, private market opportunities. Members are already investing alongside Khosla Ventures, Founders Fund, Sam Altman, and Citi Ventures. Select members can co-invest in the next wave of breakout companies, from game-changing startups like Primer, an innovative platform transforming education through self-directed, project-based learning, to Rent App, streamlining rent payments and communication for millions of independent landlords and renters. You’ll also get access to coveted late-stage deals with companies like Databricks, Lambda, and even SpaceX before they hit the public markets.

In addition to lifestyle benefits, Select offers the Select Spotlight Series, where all members can engage with and learn from industry-leading entrepreneurs, investors, and executives through intimate virtual and in-person events. The majority of the Spotlight Series guests are members of the Select community. They include investors managing $1B+, unicorn founders, elected officials, and more.

Members also have access to Select’s dedicated concierges via live chat. Select’s concierge team—based entirely in-house and trained with local expertise—offers members personalized recommendations, travel planning, and bespoke access to dining, hotels, and activities globally. Select’s in-house team includes concierges who previously worked with industry leaders, including Quintessentially and the Four Seasons.

Select serves members across all 50 states and 14 countries, with plans for continued international expansion fueled by its best-in-class hotel and lifestyle programs.

“We’ve seen an impressive demand for Select in Phoenix. We’ve steadily added local dining and entertainment partners to meet that demand, but those additions will continue to accelerate as the local community grows” said Cisco. Cisco also noted that the Phoenix market is already a top 10 market for Select, with continued outstanding growth.

Learn more about Select or apply for membership.

Select, the premier private membership community and concierge service that unlocks special access, savings, and VIP treatment with premier brands and venues across the world, has officially expanded to Houston.

Since its founding in 2015, Select has welcomed over 30,000 members. Designed for discerning individuals seeking more than traditional loyalty programs or luxury credit cards can offer, Select delivers unparalleled benefits and a seamless digital concierge experience. Today, its network spans over 1.5 million locations globally—far eclipsing legacy programs, even those associated with Centurion and elite lifestyle memberships.

Members enjoy privileged access to unpublished rates of up to 60% off at hundreds of thousands of hotels and VIP status and upgrades at many of the world’s top-tier resorts, from Four Seasons and Rosewood to Ritz-Carlton and Waldorf Astoria. Select’s dining perks include significant savings, complimentary amenities, and VIP treatment at leading restaurants—now extending to Houston’s dynamic culinary scene with partners including standout favorites such as Toca Madera, Capital Grille, MAD, Mastro’s, and The Kennedy among others.

Beyond hospitality, Select members unlock private offers with global brands including Ferragamo, BMW, Sonos, Tumi, Diptyque, Royal Caribbean, and Maui Jim. With discounts often reaching up to 60% off. Members can even access preferred pricing on business essentials including Google Cloud, Hubspot, Apple products, UPS, & more.

Furthermore, members also gain access to premier events around the world. From Fashion Week in New York and Paris to Formula 1 races, Art Week, The Masters, and the Emmys, Select offers members the opportunity to experience some of the world’s most coveted cultural moments with preferred access and elevated hospitality.

Select Member Event- Miami Art Week

Founder and CEO Carlo Cisco created Select to bridge the gap between exceptional individuals and exceptional experiences and brands.

“We envisioned a community where access, opportunity, and experience converge—enhancing the way people live and businesses engage,” Cisco shared. “Our members are global, forward-thinking, and discerning—and Select is designed to meet them where they are and where they aspire to be.”

Select Member event and private dinner at TAO Downtown NYC

Houston is a natural expansion for Select and hundreds of local members are taking advantage of a growing curated roster of benefits across Houston’s top hotels, restaurants, sports teams, and experiences.

To receive Select benefits, prospective members apply through a simple but competitive process. Cisco notes that the community’s median individual income is $250K and the average member earns $603K annually, though he notes that character, ambition, and alignment with the community’s values are equally important as financial metrics during the membership application process.

Once accepted, members receive a personalized black titanium membership card and full access to Select’s global platform for $695/year. Houston-area residents will be able to apply for membership at a preferred rate for a limited time.

In addition to lifestyle benefits, Select offers the Select Spotlight Series, where all members can engage with and learn from industry-leading entrepreneurs, investors, and executives through intimate virtual and in-person events. The majority of the Spotlight Series guests are members of the Select community. They include investors managing $1B+, unicorn founders, elected officials, and more.

Members also have access to Select’s dedicated concierges via live chat. Select’s concierge team—based entirely in-house and trained with local expertise—offers members personalized recommendations, travel planning, and bespoke access to dining, hotels, and activities globally. Select’s in-house team includes concierges who previously worked with industry leaders including Quintessentially and the Four Seasons.

Select serves members across all 50 states and 14 countries, with plans for continued international expansion fueled by its best-in-class hotel and lifestyle programs.

“We’ve seen consistent strong demand for Select in Texas, especially Dallas and Houston. We’ve steadily added local dining and entertainment partners to meet that demand, but those additions will continue to accelerate as the local communities grow,” said Cisco. With Dallas and Houston officially launched, and Austin underway, the company expects a robust membership community across the state. Cisco also noted that Texas already accounts for nearly 8% of Select’s total membership and he expects it to pass 10% before the end of the year.

To celebrate its Houston debut, Select is planning an exclusive, members-only launch event later this year.

Learn more about Select or apply for membership.