Liberty Street Advisors

The Private Shares Fund offers individual investors access to a diversified portfolio of late-stage, venture-backed private companies. Traditionally, such investments were limited to institutional and high-net-worth individuals. The fund operates as a closed-end interval fund under the Investment Company Act of 1940, with quarterly repurchase offers for up to 5% of outstanding shares at net asset value (NAV). This structure provides a unique opportunity for investors to participate in the growth of private companies before they go public.