Liberty Street Advisors’ Private Shares Fund has increased assets under management to more than $1 billion. The Fund seeks capital appreciation by investing in the equity securities of private, operating, late-stage, growth companies.
Liberty Street Advisors’ Private Shares Fund has increased assets under management to more than $1 billion. The Fund seeks capital appreciation by investing in the equity securities of private, operating, late-stage, growth companies.
While traditionally, such access to private companies has only been available to institutional and high net worth investors through high minimum, complex and paperwork laden private placement vehicles, the Fund provides all investors access to such companies, with a daily NAV, a quarterly repurchase program, no performance fees and simple 1099 tax reporting.
Launched in 2014, the Private Shares Fund investment team is composed of eight professionals, whose backgrounds include venture capital, private equity, investment banking and portfolio management experience.
Liberty Street has facilitated the Fund increasing its assets under management by approximately $723 million since it assumed management responsibilities for the Fund on 9 December, 2020. The Private Shares Fund’s Class A shares (without load) have delivered annualised returns of 11.01% since inception, and 17.30% over the last three years as of 30 June, 2022.
