Liberty Road Advisors Renames SharesPost 100 Fund To The Private Shares Fund

New Title Displays Dynamic Improve in Non-public Late-Phase Funds Market

NEW YORK, Might 3, 2021 /PRNewswire/ — Liberty Street Advisors, Inc. (“Liberty Avenue”) right now announced that the SharesPost 100 Fund (the “Fund”) has a new name: The Private Shares Fund.

The Fund is a non-diversified, closed-close interval fund investing in non-public, operating, late-stage, venture-backed development providers.

“The Fund’s title alter displays an evolution of the private market’s dynamics and expansion of the possibility set,” stated Christian Munafo, Liberty Street’s Chief Financial commitment Officer and Portfolio manager of The Personal Shares Fund. “Private expansion firms have been staying non-public for lengthier with a substantial part of their appreciation normally developing before exiting by means of M&A or entry into the community markets. This has led to an boost in unicorns, or late-phase corporations valued additional than $1 billion.”

When the Fund was launched in 2014, there ended up only a number of dozen organizations in this stage of the marketplace. “Today, there are hundreds of unicorns and other firms with equivalent profiles that fulfill our conditions,” said Mr. Munafo. “As a consequence, it is ideal to get rid of the reference to a list of just 100 corporations. At above $400 million in Property Underneath Administration as of 3/31/21, the Fund is currently nicely-positioned to get benefit of present day various prospects.”

“Because inception, The Non-public Shares Fund has democratized obtain to this asset class and makes it simple for all traders to gain exposure to a broad portfolio of dynamic, late-phase venture-backed corporations, a section of the market that is ordinarily only presented to capable and accredited buyers in personal resources,” explained Kevin Moss, Managing Director at Liberty Road and President of the Fund. “The Private Shares Fund supplies a distinct prospect for monetary advisors and their clients to participate in this progress opportunity.”

Tale carries on

“Since of its novel composition, the Fund delivers entry to the undertaking-backed asset course at extremely very low minimums and devoid of trader accreditation requirements”, said Liberty Street’s CEO, Tim Reick. “Inclusion of these forms of non-public, innovative and high-expansion investments in a portfolio allocation can be an important diversifier and an uncorrelated source of capital appreciation,” he stated.

The Fund’s whole San Francisco Bay and New York based expense team remains in location, keeping shut proximity to its deep relationships all over Silicon Valley and the enterprise capital community. The Fund’s governance construction, board of trustees and support vendors also have not transformed.

The Fund’s tickers also continue being the same: PIIVX, PRIVX, PRLVX.

The Fund was developed in 2014 in reaction to demand from customers from customers of the Fund’s previous guardian enterprise, SharesPost Inc., who, in 2009, recognized one particular of the to start with secondary marketplaces for personal technology-oriented organization shares. Given that then, the Fund’s shareholder foundation has experienced important asset development.

The Fund will carry on to be marketed by Liberty Street’s affiliated broker seller, HRC Fund Associates, LLC (“HRC”), Member FINRA/SIPC. HRC, based mostly in New York Metropolis, is the special marketer for the Liberty Avenue family of cash. Above its 18-calendar year historical past, HRC has created and maintains substantial longstanding relationships with many monetary advisors at significant wire-house, registered financial investment advisor and independent broker supplier distribution channels.

“HRC’s effective asset elevating capabilities are predicted to assist increase the Fund’s asset base and lead to expanded substantial-profile expense options,” said Mr. Reick.

“Searching in advance, The Personal Shares Fund financial commitment group will proceed leveraging its experience to innovate new items focused on persuasive alternatives within just the personal current market”, additional Mr. Munafo.

ABOUT LIBERTY Road ADVISORS
Liberty Street Advisors, Inc. (“Liberty Road”) is an SEC registered investment decision advisor handling the Fund and other mutual money sub-encouraged by unaffiliated asset administrators. The organization is found in New York City and introduced its initial fund in 2007. Liberty Avenue delivers obtain to valuable and well timed investment decision techniques designed to assistance buyers and monetary advisors satisfy the challenges of modern current market atmosphere. Liberty Road manages 7 mutual resources with property under administration of about $1 billion as of March 31, 2021.

ABOUT HRC FUND ASSOCIATES
HRC Fund Associates, LLC (“HRC”) is an SEC and FINRA registered broker supplier. The company was established in 2007 and is headquartered in New York City. HRC functions as the special marketer for all of the Liberty Road resources and as third-social gathering marketer for a select team of investment administrators. The organization maintains relationships with financial advisors and prosperity supervisors at above 120 intermediary platforms, which includes significant wire-homes, registered investment advisors and unbiased broker-dealers. HRC’s gross expenditure fund gross sales in excess of the 5-calendar year period ending March 31, 2021 had been somewhere around $6 billion.

FOR More Details

For more facts, you should call:
Milin Iyer, Media Director, Sondhelm Partners at [email protected] or 703-752-1510.

Vital DISCLOSURES
This press launch is not intended to, and does not, constitute an supply to invest in or provide shares of the Fund. Shares of the Fund are bought only as a result of their respective share class prospectus. An trader really should contemplate the investment decision objective, challenges, rates and costs of the Fund very carefully ahead of investing. This info is incorporated in the Fund’s prospectus, which you might receive at no price from your financial advisor or the Fund’s website at www.privatesharesfund.com, or by contacting the Fund toll-absolutely free at (800) 834-8707. Remember to examine the prospectus diligently before investing.

The financial commitment minimums are $2,500 for the Course A Share and Course L Share, and $1,000,000 for the Institutional Share.

Financial commitment in the Fund requires significant chance. The Fund is not suited for buyers who are not able to bear the possibility of loss of all or part of their expense. The Fund is acceptable only for investors who can tolerate a large degree of possibility and do not demand a liquid investment decision. All investing requires possibility such as the achievable loss of principal. Shares in the Fund are really illiquid, and can be offered by shareholders only in the quarterly repurchase program of the Fund. The Fund’s quarterly repurchase software makes it possible for for up to 5% of the Fund’s internet assets to be redeemed just about every quarter. Thanks to transfer restrictions and the illiquid nature of the Fund’s investments, you may well not be capable to market your shares when, or in the volume that, you desire. The Fund intends to generally invest in securities of non-public, late-phase, venture-backed development providers. There are major prospective threats relating to investing in these securities. Because most of the securities in which the Fund invests are not publicly traded, the Fund’s investments will be valued by Liberty Avenue Advisors, Inc. (the “Investment decision Adviser”) pursuant to good valuation techniques and methodologies adopted by the Board of Trustees, as established forth in the prospectus. As a consequence, the worth of the securities, and thus the Fund’s Net Asset Value (NAV), could range. There are considerable potential threats connected with investing in venture cash and non-public fairness-backed organizations with elaborate cash structures. The Fund focuses its investments in a limited range of securities, which could subject matter it to larger threat than that of a more substantial, more diversified portfolio. There is a greater emphasis in technological innovation securities that could adversely have an effect on the Fund’s efficiency. The Fund is a “non-diversified” investment decision business, and as these, the Fund may invest a greater proportion of its belongings in the securities of a single issuer than financial commitment businesses that are “diversified.” The Fund’s quarterly repurchase policy may perhaps demand the Fund to liquidate portfolio holdings earlier than the Financial investment Adviser would otherwise do so and may well also result in an improve in the Fund’s cost ratio. This is not a full enumeration of the Fund’s hazards. You should study the Fund prospectus for other threat things related to the Fund.

The Fund may possibly not be suited for all investors. Traders are encouraged to consult with appropriate money professionals ahead of considering an financial commitment in the Fund.

Forward-Looking Statements
This launch is made up of ahead-wanting statements that subject matter to hazards, uncertainties and other aspects that might trigger real effects to differ materially. Statements in this press release that are not historic specifics are “forward-hunting statements” in just the meaning of the U.S. Private Securities Litigation Reform Act of 1995. When utilized in this press release, words and phrases or phrases normally prepared in the potential tense and/or preceded by text such as “will,” “may perhaps,” “could,” “be expecting,” “consider,” “foresee,” “intend,” “program,” “search for,” “estimate,” “preliminary” or other related phrases are forward-looking statements. Numerous forward-seeking statements in this press launch relate to the transition of the Fund’s advisory romance from SPIM to Liberty Road, together with regarding anticipated scale alternatives, operating efficiencies, integration of staff, development prospects, shareholder and other benefits, and returns.

Forward-seeking statements involve a number of recognized and unidentified threats, uncertainties and other significant variables that could bring about true effects and results to differ materially from any potential success or outcomes expressed or implied by such forward-wanting statements. Significant danger things that may induce such distinctions consist of: (i) the anticipated gains and synergies of the transaction could not be realized and (ii) Liberty Street may perhaps be unable to efficiently integrate SPIM’s business with individuals of Liberty Street or to integrate the companies in the predicted timeframe. Any ahead-searching assertion made in this push release speaks only as of the day on which it is built. Variables or events that could result in precise results to vary might emerge from time to time, and it is not probable for us to predict all of them. We do not undertake any obligation to publicly update any ahead-on the lookout statement, whether or not as a final result of new information and facts, future developments or normally, besides as might be essential by legislation.

The Non-public Shares Fund is dispersed by Foreside Fund Products and services, LLC.

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Resource Liberty Street Advisors, Inc.