Act IPulse
No completed tender windows on record — the streak and request arithmetic begin with the fund's first filed result
Strategy mix · % of net assets
| Direct · 10 | 109.7% |
| Cash · 1 | 4.8% |
| Debt & other securities · 2 | 2.9% |
| Exposure | Kind | Sector | Geography | Fair value | % |
|---|---|---|---|---|---|
| Scientific Games Holdings LP | Portfolio company | Business Services | North America | $157M | 20.1% |
| Nielsen | Portfolio company | Business Services | North America | $157M | 20.1% |
| DexKo Global Inc | Portfolio company | Industrials | North America | $142M | 18.2% |
| CDK Global II LLC | Portfolio company | Business Services | North America | $134M | 17.2% |
| Cupa Finance, S.L | Portfolio company | Industrials | Europe | $55.3M | 7.1% |
| Brand Industrial Holdings Inc | Portfolio company | Business Services | North America | $53.5M | 6.9% |
| Cherry Parent, LLC | Portfolio company | Business Services |
Modules shown reflect what this fund discloses — questions that don't apply to this vehicle type are omitted.
The balance sheet the latest filing stated and the NAV / subscription credit facility an evergreen vehicle runs against its portfolio — these funds carry no traded-debt balance sheet, so the line is the leverage.
Commitment pacing — how much capital is committed to underlying funds and deals, how much is called versus still callable, and commitment as a multiple of NAV. The deployment story an evergreen fund reports in place of a draw-down LP IRR.
Exposure concentration — sector and geographic mix with a Herfindahl over each, and how much of the book is named at the issuer level versus rolled into sized-but-unnamed buckets.
Valuation opacity — how much of the book is marked to model (Level III) or carried at an underlying fund NAV, and the net unrealized mark behind the reported value.
Hard-to-value
99.7%Level III + NAV expedientLevel III
99.7%mark-to-modelNAV expedient
0.0%fund-of-funds NAVNet unrealized
$27.4Mcost → fair value99.7% of investments are marked to model (Level III) or carried at the NAV of an underlying fund — the higher this share, the more the reported NAV depends on unobservable inputs rather than market prices. The full L1 / L2 / L3 ladder and the disclosed WACC / exit-multiple inputs render in The Book · Marks; balance-sheet leverage under How levered?. Concentration of those marks by sector and geography is in How concentrated?.
Cost basis $852M → fair value $879M ($27.4M net unrealized).
The mark and the inputs behind it — the Level I / II / III fair-value hierarchy and the unobservable inputs render in The Book · Marks.
The management + incentive structure and the per-class servicing / distribution load behind the headline rate.
NAV-based total return by share class and the per-class NAV trajectory — what an evergreen, NAV-struck fund actually reports (not a draw-down LP multiple).
Exit terms — repurchase policy and the window-by-window tender record.
TodayRepurchase policy, window-by-window tender history and offering progress render in Liquidity.
Next laneA forward-funding obligation applies only to credit funds with unfunded loan commitments; this fund discloses none.
exit terms are fully surfaced in the Liquidity act.
fund silence and AltHarbor coverage are different facts — both stated per family
| Disclosure family | Status | Latest source | |
|---|---|---|---|
| Exit mechanics → | Disclosed | Registration statement · filed Aug 22 | |
| Tender record → | Not yet covered by AltHarbor | — | |
| Per-class economics → | Disclosed | Current report · filed May 6 | |
| Distribution composition → | Not disclosed by fund | — | |
| Fair-value hierarchy → | Disclosed | Quarterly report · filed May 13 | |
| Unobservable inputs → | Disclosed | Quarterly report · filed May 13 | |
| Credit measures → | Not yet covered by AltHarbor | — | |
| Portfolio composition → | Disclosed | Quarterly report · filed May 13 |
What this fund doesn't file
| North America |
| $44.9M |
| 5.8% |
| Other Investments in Portfolio Companies | Portfolio company | Business Services | North America | $39.8M | 5.1% |
| Cash | Cash equivalent | Cash | $37.7M | 4.8% |
| Other Investments in Portfolio Companies | Portfolio company | Business Services | Europe | $37.0M | 4.7% |
| Other Investments in Portfolio Companies | Portfolio company | Business Services | Rest of World | $35.2M | 4.5% |
| Other Investments in Debt | Credit | Private Debt | North America | $20.6M | 2.6% |
| Foreign Currency Contracts | Credit | Derivative Instruments | $2.66M | 0.3% |
% basis: % of net assets
Cell intensity reflects each fund's % of NAV in the named issuer. Empty cells mean the fund doesn't disclose that name in its most-recent filing — not necessarily that it isn't held.
Source: SEC NPORT / 10-K issuer-level disclosures across AltHarbor's PE catalog. Aggregate buckets, fund-of-fund interests, and cash equivalents are excluded — only single-name issuers compared.
every filing on record · one tick per filing · hue = type, height = rarity
all 30Current report 9Imported record 94 filing 4Quarterly report 2Annual report 2Registration statement 2Amended private placement notice 1Private placement notice 1
| Filed | Type | Accession |
|---|---|---|
| 03/27/26 · period 12/31/25 | 10-KAnnual report | 0001628280-26-021754 ↗ |
| 03/27/26 · period 12/31/25 | 10-KAnnual report | 0001628280-26-021754 ↗ |
aggregate fund NAV · two quarters on record — the trend lane begins at three filed points
Balance sheet not disclosed by this fund
No distributions on record
Stated fees · mgmt solid · servicing hatch · distribution hollow · bars share a scale · click a class to read the act through it
| Cls | Net assets | % fund | Stated fee | Min initial | Channel |
|---|---|---|---|---|---|
| Class Iinstitutional | Class Class I stated fees: management 1.3 percent1.25% | Institutional / fee-based RIA | |||
| Class Sretail | Class Class S stated fees: management 1.3 percent, servicing 0.8 percent2.10% | Retail broker-dealer / wirehouse | |||
| Class Dretail | Class Class D stated fees: management 1.3 percent, servicing 0.3 percent1.50% | Fee-based / lower servicing fee retail channel | |||
| Class B-1insider | 0.00% | Brookfield affiliate / insider | |||
| Class B-2insider | 0.00% | Brookfield affiliate / insider |
A per-share NAV composition is the monthly disclosure of NAV-struck perpetual REITs; this fund’s valuation — the Level I / II / III fair-value hierarchy and the unobservable inputs behind the marks — renders in The Book · Marks
| Filed | Filing | Period / note |
|---|---|---|
| 05/13/26 | Quarterly report | 03/31/26 |
| 05/08/26 | 4 filing | 05/06/26 |
| 05/08/26 | 4 filing | 05/06/26 |
| 05/06/26 | Current report | 05/06/26 |
| 04/06/26 | Current report | 04/06/26 |
| 03/27/26 | Annual report | 12/31/25 |
| 03/27/26 | Annual report | 12/31/25 |
| 03/09/26 | Current report | BPEF disclosed an Item 3.02 capital raise or unregistered securities sale in this 8-K. |
| 03/09/26 | Current report | BPEF disclosed an Item 3.02 capital raise or unregistered securities sale in this 8-K. |
| 02/09/26 | 4 filing | 02/06/26 |
| 02/09/26 | 4 filing | 02/06/26 |
| 02/06/26 | Current report | BPEF disclosed an Item 3.02 capital raise or unregistered securities sale in this 8-K. |
| 01/12/26 | Current report | 01/07/26 |
| 12/05/25 | Current report | 12/01/25 |
| 11/28/25 | Amended private placement notice | 11/28/25 |
| 11/13/25 | Quarterly report | 09/30/25 |
| 11/03/25 | Current report | 10/28/25 |
| 10/06/25 | Current report | 10/01/25 |
| 08/22/25 | Registration statement | 08/22/25 |
| 07/01/25 | Registration statement | 07/01/25 |
| 07/01/25 | Private placement notice | 07/01/25 |
ASC-820 hierarchy · band width = share · hover to read
L1 $0 0.0% · L2 $2.66M 0.3% · L3 $877M 99.7% · NAVexp $0 0.0%
| Category | Ending | Activity | Coverage |
|---|---|---|---|
| Level 3 Investments | $877M | Ending balance only | Ending Balance Only |
NAV practical expedient · 1 observation · $879M fair value · 03/31/26
Sector HHI
5,573concentratedGeography HHI
7,538concentratedNamed at issuer
81.2%of disclosed FVDisclosed FV / NAV
1.28×~1.0× expectedSector mix
100%-stacked share of disclosed allocation · sweep to read
Σ 100.0% disclosed · as of 12/31/25 · segments share of disclosed total
Geographic mix
100%-stacked share of disclosed allocation · sweep to read
Σ 100.0% disclosed · as of 12/31/25 · segments share of disclosed total
Of $917M disclosed fair value, $744M (81.2%) is named at the issuer level across 7 positions; $173M sits in 6 sized-but-unnamed buckets. Higher named share = more transparent single-name risk. Strategy mix renders in The Book; the full company register in The Names.
Committed line
$500Mmax facility commitment · 12/31/25Drawn
$0outstanding · 0.0% of line · 12/31/25| Facility / lender | Committed | Drawn | Rate | Commit fee | Maturity |
|---|---|---|---|---|---|
| Brookfield Affiliate RevolverBAM subsidiary (BPEG Manager Holdings)affiliate | $500M | $0 | — | — | 03/03/28 |
Unfunded
$0still callable · 12/31/25per-company % as filed — the percent basis varies by filer; fair value is the comparable figure
| Class | YTD | SI |
|---|---|---|
| I | 4.9% | 5.7% |
| S | 4.7% | 5.4% |
| B-1 | 5.6% | 7.2% |
| B-2 | 5.6% | 6.6% |
Each cell is the latest disclosed return for that window — windows are filed on different cadences, so hover any figure for its own as-of date. Returns are NAV-based total returns net of fund expenses, as the manager states them.
| Quarter | I | S | B-1 | B-2 |
|---|---|---|---|---|
| 03/31/26 | 4.9% | 4.7% | 5.6% | 5.6% |
Not shown: IRR, MOIC, TVPI, DPI and PME. These are draw-down LP metrics; this is an evergreen, NAV-struck fund that reports a NAV-based total return, so an LP cash-flow multiple would misrepresent the vehicle — it is omitted by design, not missing.
Management fee
1.3%annualIncentive fee
12.5%5% annualized hurdle with 100% catch-up hurdle · 5.0% hurdle · 100.0% catch-up| Class | Channel | Servicing | Distribution | Total ex-incentive |
|---|---|---|---|---|
| Class B-1 | Brookfield affiliate / insider | 0.0% | 0.0% | 0.0% |
| Class B-2 | Brookfield affiliate / insider | 0.0% | 0.0% | 0.0% |
| Class D | Fee-based / lower servicing fee retail channel | 0.3% | — | 1.5% |
| Class I | Institutional / fee-based RIA | 0.0% | 0.0% | 1.3% |
| Class S | Retail broker-dealer / wirehouse | 0.8% | — | 2.1% |
Management fee is charged on nav per class per annum.
The two-part incentive-fee mechanics (lookback / per-class expense caps & recapture) are not yet surfaced — they need a dedicated terms table still in the schema queue.