The Private Shares Fund Fund Class L Shares (PRLVX)
| Fund Assets | n/a |
| Expense Ratio | 2.97% |
| Min. Investment | n/a |
| Turnover | n/a |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 46.49 |
| YTD Return | 0.24% |
| 1-Year Return | 16.93% |
| 5-Year Return | 24.84% |
| 52-Week Low | 39.18 |
| 52-Week High | 48.18 |
| Beta (5Y) | n/a |
| Holdings | n/a |
| Inception Date | n/a |
About PRLVX
The Private Shares Fund Class L Shares is a closed-end interval fund focused on providing investors with access to private, late-stage, venture-backed growth companies. Its primary aim is to offer exposure to private market opportunities typically reserved for institutional investors and high-net-worth individuals. The fund invests directly in private companies and may also participate in private investments in public equity (PIPEs), particularly where the issuer is a special purpose acquisition company (SPAC), as well as in profit-sharing agreements. Featuring a minimum investment of $2,500 for Class L Shares, the fund emphasizes long-term capital appreciation but comes with a high risk profile, reflecting the illiquid and complex nature of private securities. Shares are not publicly traded and liquidity is limited; investors may only redeem up to 5% of the fund’s outstanding shares at net asset value each quarter through a repurchase program. The fund’s valuation process relies on fair value procedures administered by the adviser, given the absence of public market pricing for most holdings. The Private Shares Fund plays a significant role in democratizing private market access and is mainly suited for investors able to withstand considerable risk and illiquidity.
Performance
PRLVX had a total return of 16.93% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.82%.