Interval Fund

SharesPost 100 Fund

Your Access Point to Private Growth Companies

The historically attractive return profile of many late-stage venture-backed companies has typically only been available to institutional and high net worth investors. With many high-growth companies staying private longer than ever, a significant portion of their value appreciation has typically occurred before they get acquired or enter into the public markets.  This means that investors who do not have access to private companies are potentially missing out on substantial gains. 

The SharesPost 100 Fund is a non-diversified, closed-end management investment company that operates as an “interval fund”. Through this interval structure, the Fund has democratized access to the venture capital asset class by offering individuals, family offices, and institutions an effective means to invest.

The Fund is available for a minimum investment of $2,500 without investor accreditation requirements.

To learn more, please visit the Fund’s website

Fund Highlights

Access

Gain access to alternative growth investments typically reserved for institutions and endowments.

Diversification

Gain immediate exposure to a diversified portfolio of late-stage venture-backed private companies across multiple industry sectors*.

Liquidity

Enjoy more efficient liquidity than direct investments or traditional venture capital funds through the SharesPost 100 Fund’s quarterly redemption program.

Experience

Benefit from a highly experienced portfolio management team with decades of collective experience investing in the venture capital asset class.

Fund Disclosure

Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus with this and other information about the Fund, please download here. Read the prospectus carefully before investing.

Other fees and expenses do apply to a continued investment in the Fund and are described in the Fund’s current Summary Prospectus and Prospectus. The Fund’s quarterly redemption program allows for up to 5% of the Fund’s net assets to be redeemed each quarter.

Investment in the Fund involves substantial risk. The Fund is not suitable for investors who cannot bear the risk of loss of all or part of their investment. The Fund is appropriate only for investors who can tolerate a high degree of risk and do not require a liquid investment. The Fund has no history of public trading and investors should not expect to sell shares other than through the Fund’s repurchase policy regardless of how the Fund performs. The Fund does not intend to list its shares on any exchange and does not expect a secondary market to develop.

All investing involves risk including the possible loss of principal. Shares in the Fund are highly illiquid, and you may not be able to sell your shares when, or in the amount that, you desire. The Fund intends to primarily invest in securities of private, late-stage, venture-backed growth companies. There are significant potential risks relating to investing in such securities. Because most of the securities in which the Fund invests are not publicly traded, the Fund’s investments will be valued by Liberty Street Advisors, Inc. (the “Investment Adviser”) pursuant to fair valuation procedures and methodologies adopted by the Board of Trustees. While the Fund and the Investment Adviser will use good faith efforts to determine the fair value of the Fund’s securities, value will be based on the parameters set forth by the Prospectus. As a consequence, the value of the securities, and therefore the Fund’s NAV, may vary. Due to transfer restrictions and the illiquid nature of the Fund’s investments, you may not be able to sell your investments when you wish to do so.

There are significant potential risks associated with investing in venture capital and private equity-backed companies with complex capital structures. The Fund focuses its investments in a limited number of securities, which could subject it to greater risk than that of a larger, more varied portfolio. There is a greater focus in technology securities that could adversely affect the Fund’s performance. If the Fund does not have at least 500 Members for an entire taxable year, you could receive an adverse tax treatment. The Fund’s quarterly repurchase policy may require the Fund to liquidate portfolio holdings earlier than the Investment Adviser would otherwise do so and may also result in an increase in the Fund’s expense ratio. This is not a complete enumeration of the Fund’s risks. Please read the Fund prospectus for other risk factors related to the Fund, its investment strategy and your investment in the Fund, and other additional details.

* The Fund is subject to a Fundamental Concentration Policy pursuant to which no more than 25% of the value of its assets may be invested in companies in a particular industry or group of industries. Further, holdings in companies that represent more than 5% of value of Fund’s total assets may not exceed more than 50% of the value of Fund’s assets. The Fund is a “non-diversified” investment company, and as such, the Fund may invest a greater percentage of its assets in the securities of a single issuer than investment companies that are “diversified.”

The Fund is distributed by Foreside Fund Services, LLC.