The Private Shares Fund

Investment thesis

The Private Shares Fund aims to provide access to late-stage, venture-backed private companies, capitalizing on their appreciation potential before IPO or M&A. It offers non-institutional investors a chance to invest in high-growth private companies through a closed-end interval fund structure.

Focus narrative

The Private Shares Fund focuses on investments in late-stage, venture-backed private companies across various sectors. Its investment strategy includes direct investments in private companies and private investments in public equity (PIPEs) involving special purpose acquisition companies (SPACs). The fund aims to capitalize on the appreciation potential of these companies, which are typically closer to maturity and have substantial growth prospects.

Value beyond capital

The Private Shares Fund provides investors with access to late-stage private companies, offering a unique opportunity to invest in high-growth firms before they go public. The fund's structure allows for daily NAV and quarterly repurchase offers, providing liquidity options for investors. Additionally, the fund's management team brings extensive experience in investment management and valuation of venture-backed companies.