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Private Shares Fund (fka SP100 Fund)
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.
Key Statistics
Fund Size
€970M
Target Return
N/A
Annualized Return
8.3%
Launch Year
2014
Min. Investment
€2,500
Availability
Open for public
Structure
40 Act fund
Product Category
Open-end
Domicile
United States
GP Type
Single
Liquidity Level
High (<1 year)
Management Fee
1.9%
Carry
None%
High Water Mark
No
ISIN
Symbol: PIIVX (I- Share)
Currencies
USD
Liquidity Options
Daily subscriptions, quarterly repurchase offers up to 5% of outstanding shares at NAV
Highlights
Long track record.; Access to late-stage, venture-backed private companies.; Direct investments in VC.
Key Information Document (KID) – EU Funds
KID Risk Indicator
? out of 7
N/A
Annual Returns (KID Scenarios)
Stressed
N/A
Moderate
N/A
Favorable
N/A
Average Total Cost Level (KID)
1.9%
Allocations
Investment Strategy
Industry Focus
Diversified
Portfolio Composition
SpaceX 7.29%, GrubMarket 6.63%, Tradeshift 4.46%, Motive Technologies 4.02%, Nanotronics Imaging 3.77%, Betterment 3.29%, EquipmentShare 2.98%, Arctic Wolf 2.65%, CaaStle 2.55%, Contrast Security 2.43%
This is an unverified fund profile written by FundScouter and may contain inaccuracies.
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