Act IPulse
Filled in full: 6 of 10 · demand stayed within the cap every window
Q2-26 · within cap · click a window to replay it below
Strategy mix
| Secondary · 18 |
| Fund interests · 197 |
| Cash · 2 |
| Co-investment · 53 |
mixed percent bases in this cohort — totals not computed
| Exposure | Kind | Sector | Geography | Fair value | % |
|---|---|---|---|---|---|
| MONEY MARKET II | Cash equivalent | STIV | US | $452M | 11.6% |
| Money Market II (Cash Equivalent) | Cash equivalent | Short-term / Money Market Fund | US | $452M | 11.6% |
| GA Continuity Fund II, L.P. | Continuation vehicle | Continuation fund (LP interest) | US | $187M | 4.8% |
| CF24XB SCSp | Continuation vehicle | Continuation fund (LP interest) | US (fund domicile) | $143M | 3.7% |
| Stone Point CV, L.P. | Continuation vehicle | Continuation vehicle (LP interest) | US | $133M | 3.4% |
| Hidden Harbor Capital Partners Continuation Fund L.P. | Continuation vehicle | Continuation fund (LP interest) | US | $111M | 2.8% |
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
90.0%Level III + NAV expedientLevel III
34.5%mark-to-modelNAV expedient
55.5%fund-of-funds NAVNet unrealized
$673Mcost → fair value90.0% 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 $3.79B → fair value $4.46B ($673M 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 Jul 29 | |
| Tender record → | Disclosed | Tender offer filing · filed Apr 29 | |
| Per-class economics → | Disclosed | Registration statement · filed Mar 9 | |
| Distribution composition → | Not yet covered by AltHarbor | — | |
| Fair-value hierarchy → | Disclosed | Shareholder report · filed Jun 3 | |
| Unobservable inputs → | Disclosed | Shareholder report · filed Jun 3 | |
| Credit measures → | Not yet covered by AltHarbor | — | |
| Portfolio composition → | Disclosed | Portfolio holdings filing · filed Feb 27 |
| Manulife PE Partners II Cayman, L.P. |
| Secondary fund |
| Secondary fund (LP interest) |
| Cayman |
| $104M |
| 2.7% |
| Bain Capital Beacon Holdings, L.P. | Continuation vehicle | Continuation fund (LP interest) | US | $99.9M | 2.6% |
| The Resolute III Continuation Fund, L.P. | Continuation vehicle | Continuation fund (LP interest) | US | $98.4M | 2.5% |
| CB Offshore CF I, Limited Partnership | Continuation vehicle | Continuation fund (LP interest) | US | $96.2M | 2.5% |
| Audax Private Equity Beacon CF | Continuation vehicle | Continuation fund (LP interest) | US | $79.9M | 2.0% |
| LEP Red Rock Fund, L.P. | Secondary fund | Secondary fund (LP interest) | US | $66.0M | 1.7% |
| Norvestor SPV III SCSp | Secondary fund | Secondary vehicle (LP interest) | Luxembourg | $60.9M | 1.6% |
| Elysium Acquisition LP | Co-investment | Direct / buyout co-investment | UK | $58.1M | 1.5% |
| Thor Co-Invest LP | Co-investment | Co-investment (LP interest) | Luxembourg | $57.5M | 1.5% |
top 15 of 270 disclosed exposures shown
15 of 270 rows are manager-published, not from a SEC filing
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
hover or touch the chart to scrub
Total assets
$4.51BTotal liabilities
$89.4MNet assets
$4.42BLiabilities / net assets
0.02×derivedTotal assets / net assets
1.02×derivedNot disclosed by this fund: assets invested
0001049169-26-001560 period 2026-03-31: NPORT-P fundInfo totalAssets, totalLiabs, and netAssets.
Changes: no material changes on record
Changes: no material changes 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 |
|---|---|---|---|---|---|
| Iinstitutional | $2.49B | 78.7% | Class I stated fees: management 1.3 percent1.25%+0.0% load | $25,000 | Institutional |
| Aretail | $599M | 18.9% | Class A stated fees: management 1.3 percent, servicing 0.5 percent1.75%+3.0% load | $25,000 | Brokerage / financial intermediary |
| Wrestricted | $74.8M | 2.4% | Class W stated fees: management 1.3 percent, servicing 0.8 percent2.00%+2.0% load | $25,000 | Wealth platform / intermediary |
| Xinstitutional | $10.3K | 0.0% | Class X stated fees: management 1.3 percent, servicing 0.3 percent1.50%+3.0% load | $5,000,000 | High-minimum / platform |
Windows observed: 10 · median open-to-pricing 60d · derived from filed window dates
| Filed | Filing | Period / note |
|---|---|---|
| 06/03/26 | Shareholder report | 03/31/26 |
| 05/28/26 | Portfolio holdings filing | 03/31/26 |
| 05/22/26 | Prospectus supplement | |
| 04/29/26 | Tender offer filing | |
| 03/16/26 | Amended tender offer | |
| 03/16/26 | Amended tender offer | |
| 03/09/26 | Registration statement | |
| 02/27/26 | Portfolio holdings filing | 12/31/25 |
| 02/27/26 | Portfolio holdings filing | 12/31/25 |
| 01/29/26 | Tender offer filing | |
| 12/01/25 | Semiannual shareholder report | 09/30/25 |
| 12/01/25 | Portfolio holdings filing | 09/30/25 |
| 10/31/25 | Tender offer filing | |
| 08/25/25 | Portfolio holdings filing | 06/30/25 |
| 08/12/25 | Amended tender offer | |
| 08/01/25 | Tender offer filing | |
| 07/29/25 | Registration statement | |
| 06/09/25 | Shareholder report | 03/31/25 |
| 06/02/25 | Shareholder report | 03/31/25 |
| 05/30/25 | Portfolio holdings filing | 03/31/25 |
| 05/14/25 | Amended tender offer | |
| 05/07/25 | Amended tender offer | |
| 05/01/25 | Tender offer filing | |
| 03/18/25 | Amended tender offer | |
| 03/18/25 | Amended tender offer | |
| 02/28/25 | Portfolio holdings filing | 12/31/24 |
| 01/30/25 | Tender offer filing | |
| 11/26/24 | Semiannual shareholder report | 09/30/24 |
| 11/26/24 | Portfolio holdings filing | 09/30/24 |
| 11/01/24 | Amended tender offer | |
| 11/01/24 | Amended tender offer | |
| 11/01/24 | Tender offer filing | |
| 08/28/24 | Portfolio holdings filing | 06/30/24 |
| 08/07/24 | Amended tender offer | |
| 08/01/24 | Tender offer filing | |
| 06/05/24 | Shareholder report | 03/31/24 |
| 05/30/24 | Portfolio holdings filing | 03/31/24 |
| 04/29/24 | Tender offer filing | |
| 02/28/24 | Portfolio holdings filing | 12/31/23 |
| 01/26/24 | Tender offer filing | |
| 12/01/23 | Semiannual shareholder report | 09/30/23 |
| 11/28/23 | Portfolio holdings filing | 09/30/23 |
| 08/29/23 | Portfolio holdings filing | 06/30/23 |
| 06/07/23 | Shareholder report | 03/31/23 |
| 05/30/23 | Portfolio holdings filing | 03/31/23 |
Named at issuer
100.0%of disclosed FVDisclosed FV / NAV
0.59×~1.0× expectedOf $2.61B disclosed fair value, $2.61B (100.0%) is named at the issuer level across 255 positions; — sits in 0 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.
every filing on record · one tick per filing · hue = type, height = rarity
all 52Portfolio holdings filing 14Tender offer filing 10Amended tender offer 10Imported record 7Shareholder report 5
| Filed | Type | Accession |
|---|---|---|
| 06/03/26 · period 03/31/26 | N-CSRShareholder report | 0001899610-26-000006 ↗ |
| 06/09/25 · period 03/31/25 | N-CSRShareholder report | 0001899610-25-000009 ↗ |
| 06/02/25 · period 03/31/25 | N-CSRShareholder report | 0001899610-25-000007 ↗ |
| 06/05/24 · period 03/31/24 | N-CSRShareholder report | 0001899610-24-000006 ↗ |
| 06/07/23 · period 03/31/23 | N-CSRShareholder report | 0001398344-23-011705 ↗ |
Component breakdown not disclosed for this fund’s distributions
Cap: 5.0% NAV/qtr (all windows) · All 10 windows filled in full
| Window | Req ÷ cap | Requested | Accepted | Price |
|---|---|---|---|---|
| Q2-26 | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
| Q1-26 | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
| Q4-25 | Not disclosed | 2.9M sh | 2.9M sh | $15.88 |
| Q3-25 | Not disclosed | 3.9M sh | 3.9M sh | $14.41 |
| Q2-25 | Not disclosed | 3.4M sh | 3.4M sh | $15.00 |
| Q1-25 | Not disclosed | 1.9M sh | 1.9M sh | $14.21 |
| Q4-24 | Not disclosed | 425.4K sh | 425.4K sh | $13.65 |
| Q3-24 | Not disclosed | 29.3K sh | 29.3K sh | $13.23 |
| Q2-24 | Not disclosed | 0 sh | 0 sh | Not disclosed |
| Q1-24 | Not disclosed | 0 sh | 0 sh | Not disclosed |
requested basis: shares tendered · rows expand (tap or e)
Unfunded
$1.40Bstill callable · 03/31/26| Strategy | Committed | Funded | % funded | Unfunded |
|---|---|---|---|---|
| Direct | — | — | $77.3M | |
| Primary | — | — | $222M | |
| Secondary | — | — | $1.10B |
Management fee
1.3%annual · on navIncentive fee
10.0%on net profits| Class | Channel | Servicing | Distribution | Total ex-incentive |
|---|---|---|---|---|
| A | Retail broker-dealer / front-load class | — | 0.5% | 1.8% |
| I | Institutional / direct | — | 0.0% | 1.3% |
| W | Wealth / intermediary Class W | — | 0.8% | 2.0% |
| X | High-minimum / broker-dealer Class X | — | 0.3% | 1.5% |
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.
Committed line
$350Mmax facility commitment · 03/31/26Drawn
$0outstanding · 0.0% of line · 03/31/26| Facility / lender | Committed | Drawn | Rate | Commit fee | Maturity |
|---|---|---|---|---|---|
| Barclays Revolving Credit FacilityBarclays Bank PLC | $350M | $0 | Term SOFR + 290bp | 1.1% | 03/09/28 |
ASC-820 hierarchy · band width = share · hover to read
L1 $446M 10.0% · L2 $0 0.0% · L3 $1.54B 34.5% · NAVexp $2.48B 55.5%
| Category | Ending | Activity | Coverage |
|---|---|---|---|
| Level 3 Investments | $1.54B | Ending balance only | Ending Balance Only |
NAV practical expedient · 1 observation · $4.46B fair value · 03/31/26
| Class | YTD | 1Y | SI |
|---|---|---|---|
| I | 7.3% | 12.0% | 16.3% |
| A | 7.0% | 11.5% | 2.7% |
| W | 6.8% | 11.3% | 3.5% |
| X | — | — | 7.8% |
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.
Raw NAV per unit as disclosed each period.
| Quarter | I | A | W |
|---|---|---|---|
| 09/30/25 | 7.3% | 7.0% | 6.8% |
| 09/30/24 | 11.2% | 10.8% | |
| 09/30/23 | 12.4% |
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.
per-company % as filed — the percent basis varies by filer; fair value is the comparable figure
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.