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Venture Capital

The Private Shares Fund

Liberty Street Advisors

Net Assets

$1.1B

NAV Growth YoY

+14%

Most Recent Return

−3.12%

Formation

2012

Portfolio Composition

Investment Type

Common Stock in Public Companies
8.20%
Common Stock in Private Companies
37.00%
Preferred Stock in Private Companies
38.50%
Convertible Notes of Private Companies
4.20%
Warrants of Private Companies
0.10%
Special Purpose Vehicles
6.80%
Private Funds
0.50%
Short-Term Investments
4.60%

Portfolio composition data sourced from regulatory filings.

Sekond Liquidity Risk Profile

Real-time liquidity intelligence powered by regulatory filings and proprietary analysis.

Current Repurchase Window
StatusOPEN
Cap5.0%
Redemption Waterfall
StatusOPEN
Cap5.0%
Third Party Offers
StatusOPEN
Cap5.0%
Liquidity Runway — Stressed Scenarios
StatusOPEN
Cap5.0%
Liquidity Composition
StatusOPEN
Cap5.0%
Redemption Context
StatusOPEN
Cap5.0%

Summary Metrics

Liquidity RiskB+
Runway

5Q

Fill Rate

92%

Fee Impact

1.45%

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About This Fund

The Private Shares Fund is a '40 Act registered closed-end interval fund managed by Liberty Street Advisors. It invests primarily in equity securities of late-stage private operating companies, seeking capital appreciation through direct investments, secondary purchases, and exchanges. The fund may also utilize special purpose vehicles, private funds, and PIPE transactions. Portfolio companies are typically technology-related businesses expected to experience liquidity events within two to five years. The fund provides quarterly limited liquidity through repurchase offers and is designed for long-term investors.

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