iDirect Private Markets Fund
On This Page
iDirect Private Markets Fund
Managed by
Institutional Capital Network, Inc. (d/b/a iCapital)
UnverifiedAssociated with this fund?
Claim this fund →
Key Statistics
Fund Size
$1,080M
Target Return
N/A
Annualized Return
9.5%
Launch Year
2015
Min. Investment
€25,000
Availability
Closed
Structure
Delaware Statutory Trust
Product Category
Closed-end
Domicile
United States
Liquidity Level
Semi-liquid
Management Fee
0.9%
Carry
No fund-level incentive fee; underlying managers charge 20-30% carried interest.
High Water Mark
No
Currencies
USD
Investor Eligibility
Accredited Investors
Liquidity Options
N/A
Highlights
Allocations
Investment Strategy
Information about fund
iCapital’s Direct Access Private Equity
iDirect Private Markets Fund is iCapital’s evergreen private equity fund for US accredited investors: a Delaware statutory trust established in 2015 that provides direct access to buyout and growth co-investments and fund interests across the Americas, EMEA and Asia-Pacific through iCapital’s “Direct Access” arrangements with institutional managers. The management fee for the A and I classes was reduced from 1.20% to 0.90% in February 2022, and the structure keeps underlying costs below a typical primary fund’s 1% to 2%. A $25,000 minimum applies; the fund is currently closed to new subscriptions, and repurchases are periodic at the discretion of the board.
Key Facts
Launched
2015
Delaware statutory trust
Management Fee
0.90%
From 1.20%, since Feb 2022
Minimum
$25,000
Accredited investors
Strategy
Co-invest + funds
Buyout and growth
Liquidity
Periodic
Board-approved repurchases
Status
Closed
To new subscriptions
This is an unverified fund profile written by FundScouter and may contain inaccuracies.
Are you affiliated with this fund? Claim this fund to verify and manage your fund profile.