Overview
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
Realized annualized return since inception
8.3%
Launch Year
2014
Min. Investment
€2,500
Liquidity Level
High (<1 year)
Liquidity Options
Daily subscriptions, quarterly repurchase offers up to 5% of outstanding shares at NAV
Highlights
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%
Investment Strategy
Strategy Allocation
Industry Focus
Industry Distribution
- Diversified
Quick Facts
Structure
40 Act fund
Product Category
Open-end
Domicile
United States
GP Type
Single
Management Fee
1.9%
Carry
None%
High Water Mark
No
Availability
Open for public
Currencies
USD
ISIN
Symbol: PIIVX (I- Share)
Performance & Risk, Key Information Document (KID) – (EU funds only)
KID Risk Indicator
? out of 7
N/A
Annual returns (KID)
Stressed
%
Moderate
%
Favorable
%
Average total cost level (KID)
1.9%
These details were written by FundScouter, and may have mistakes.
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