Act IPulse
No completed tender windows on record — the streak and request arithmetic begin with the fund's first filed result
No distributions on record
Strategy mix · % of net assets
| Direct · 16 | 73.2% |
| Cash · 1 | 15.5% |
| Secondary · 2 | 8.6% |
| Fund interests · 4 | 7.9% |
| Debt & other securities · 1 | 0.3% |
| Exposure | Kind | Sector | Geography | Fair value | % |
|---|---|---|---|---|---|
| Morgan Stanley Institutional Liquidity Funds - Government Portfolio (Institutional Class) | Cash equivalent | Cash / Money Market | Americas | $12.7M | 15.5% |
| Other Investments in Portfolio Companies | Portfolio company | Technologies | Europe | $8.26M | 10.1% |
| Other Investments in Portfolio Companies | Portfolio company | Financial Services | Americas | $7.65M | 9.3% |
| Tarrytown Expocare Pharmacy | Portfolio company | Healthcare | Americas | $6.52M | 8.0% |
| Waste Services Group Pty Ltd | Portfolio company | Industrials | Australia | $5.63M | 6.9% |
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
100.0%Level III + NAV expedientLevel III
81.5%mark-to-modelNAV expedient
18.5%fund-of-funds NAVNet unrealized
$3.44Mcost → fair value100.0% 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?.
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 | Annual report · filed Mar 30 | |
| Tender record → | Not yet covered by AltHarbor | — | |
| Per-class economics → | Disclosed | Annual report · filed Mar 30 | |
| Distribution composition → | Not disclosed by fund | — | |
| Fair-value hierarchy → | Disclosed | Quarterly report · filed May 14 | |
| Unobservable inputs → | Disclosed | Quarterly report · filed May 14 | |
| Credit measures → | Not yet covered by AltHarbor | — | |
| Portfolio composition → | Disclosed | Quarterly report · filed May 14 |
What this fund doesn't file
| Knack RCM | Portfolio company | Healthcare | Other Asia | $4.81M | 5.9% |
| TRYT, Inc. | Portfolio company | Industrials | Japan | $4.78M | 5.8% |
| Other Investments in Secondaries | Fund interest | Various | Americas | $4.63M | 5.7% |
| Kyoden Co., Ltd | Portfolio company | Technologies | Japan | $4.52M | 5.5% |
| Vantive | Portfolio company | Healthcare | Americas | $4.35M | 5.3% |
| Other Investments in Affiliated Investee Funds | Fund interest | Aerospace & Defense | Americas | $4.02M | 4.9% |
| Other Investments in Portfolio Companies | Portfolio company | Industrials | Americas | $3.70M | 4.5% |
| Other Investments in Portfolio Companies | Portfolio company | Aerospace & Defense | Americas | $2.72M | 3.3% |
| Other Investments in Secondaries | Fund interest | Industrials | Americas | $2.43M | 3.0% |
| Other Investments in Portfolio Companies | Portfolio company | Industrials | Europe | $2.12M | 2.6% |
% basis: % of net assets
top 15 of 24 disclosed exposures shown
aggregate fund NAV · two quarters on record — the trend lane begins at three filed points
No NAV / subscription credit facility disclosed by this fund
every filing on record · one tick per filing · hue = type, height = rarity
all 40Current report 9Imported record 93 filing 9Quarterly report 340-APP/A filing 3Registration statement 3Annual report 2Amended private placement notice 1Private placement notice 1
| Filed | Type | Accession |
|---|---|---|
| 04/20/26 | impImported record |
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
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 |
|---|---|---|---|---|---|
| E-Irestricted | $22.1M | 47.8% | Class E-I stated fees: management 0.8 percent0.75%+0.0% load | Early Investor Units | |
| A-Irestricted | $20.7M | 44.8% | 0.00%+0.0% load | Anchor Units | |
| Cinsider | $2.50M | 5.4% | 0.00%+0.0% load | Carlyle Units | |
| A-Srestricted | $635K | 1.4% | Class A-S stated fees: servicing 0.8 percent0.85%+3.0% load | Anchor Units | |
| E-Srestricted | $281K | 0.6% | Class E-S stated fees: management 0.8 percent, servicing 0.8 percent1.60%+3.0% load | Early Investor Units | |
| A-Arestricted | Class A-A stated fees: servicing 0.5 percent0.50%+3.0% load | Anchor Units | |||
| CGinsider | 0.00%+0.0% load | Carlyle Units | |||
| E-Arestricted | Class E-A stated fees: management 0.8 percent, servicing 0.5 percent1.25%+3.0% load | Early Investor Units | |||
| E-Drestricted | Class E-D stated fees: management 0.8 percent, servicing 0.3 percent1.00%+1.5% load | Early Investor Units | |||
| Aretail | Class A stated fees: management 1.3 percent, servicing 0.5 percent1.75%+3.0% load | Standard Units / retail HNW | |||
| A-Drestricted | Class A-D stated fees: servicing 0.3 percent0.25%+1.5% load | Anchor Units | |||
| Dretail | Class D stated fees: management 1.3 percent, servicing 0.3 percent1.50%+1.5% load | Standard Units / fee-based intermediary | |||
| Iinstitutional | Class I stated fees: management 1.3 percent1.25%+0.0% load | Standard Units / institutional | |||
| Sretail | Class S stated fees: management 1.3 percent, servicing 0.8 percent2.10%+3.0% load | Standard Units / retail HNW |
Total assets
$90.3MTotal liabilities
$8.38MNet assets
$82.0MLiabilities / net assets
0.10×derivedTotal assets / net assets
1.10×derivedNot disclosed by this fund: assets invested
0002065337-26-000025 period 2026-03-31: Consolidated Statements of Assets and Liabilities; total assets minus total liabilities reconciles to net assets.
| Filed | Filing | Period / note |
|---|---|---|
| 05/26/26 | Current report | 05/22/26 |
| 05/14/26 | Quarterly report | 03/31/26 |
| 04/23/26 | Current report | 04/21/26 |
| 04/17/26 | Amended private placement notice | |
| 03/30/26 | Annual report | Form 10-K filed with SEC — first annual report. |
| 03/30/26 | Annual report | Form 10-K filed with SEC — first annual report. |
| 03/26/26 | Current report | 03/23/26 |
| 02/26/26 | Current report | 02/25/26 |
| 01/28/26 | Current report | 01/23/26 |
| 12/23/25 | Current report | CPEP disclosed an Item 3.02 capital raise or unregistered securities sale in this 8-K. |
| 12/04/25 | 40-APP/A filing | |
| 11/26/25 | Current report | CPEP disclosed an Item 3.02 capital raise or unregistered securities sale in this 8-K. |
| 11/13/25 | Quarterly report |
Sector HHI
2,126moderateGeography HHI
3,300concentratedNamed at issuer
35.4%of disclosed FVDisclosed FV / NAV
1.06×~1.0× expectedSector mix
100%-stacked share of disclosed allocation · sweep to read
Σ 100.0% disclosed · as of 03/31/26 · segments share of disclosed total
Geographic mix
100%-stacked share of disclosed allocation · sweep to read
Σ 100.0% disclosed · as of 03/31/26 · segments share of disclosed total
Of $86.5M disclosed fair value, $30.6M (35.4%) is named at the issuer level across 6 positions; $55.9M sits in 18 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.
Unfunded
$1.00Mstill callable · 12/31/25| 09/30/25 |
| 10/06/25 | Current report | 10/01/25 |
| 10/02/25 | 40-APP/A filing |
| 09/30/25 | Private placement notice |
| 09/08/25 | 40-APP/A filing |
| 08/08/25 | Quarterly report | 06/30/25 |
| 08/06/25 | Registration statement | 08/06/25 |
| 07/25/25 | Current report | Dealer Manager Agreement executed among Fund, Feeder, and TCG Capital Markets L.L.C. |
| 07/01/25 | 3 filing | 07/01/25 |
| 07/01/25 | 3 filing | 07/01/25 |
| 07/01/25 | 3 filing | 07/01/25 |
| 07/01/25 | 3 filing | 07/01/25 |
| 07/01/25 | 3 filing | 07/01/25 |
| 07/01/25 | 3 filing | 07/01/25 |
| 07/01/25 | 3 filing | 07/01/25 |
| 07/01/25 | 3 filing | 07/01/25 |
| 07/01/25 | 3 filing | 07/01/25 |
| 06/27/25 | Registration statement | 06/27/25 |
| 05/02/25 | Registration statement | 05/02/25 |
per-company % as filed — the percent basis varies by filer; fair value is the comparable figure
| Class | YTD | SI |
|---|---|---|
| I | — | — |
| A | — | — |
| S | — | — |
| D | — | — |
| A-A | — | — |
| A-D | — | — |
| A-I | 4.7% | 15.9% |
| A-S | 4.5% | 15.6% |
| C | 5.4% | 18.4% |
| CG | — | — |
| E-A | 1.8% | 1.8% |
| E-D | — | — |
| E-I | 4.6% | 11.2% |
| E-S | 4.4% | 6.4% |
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 | A-I | A-S | C | E-A | E-I | E-S |
|---|---|---|---|---|---|---|
| 03/31/26 | 4.7% | 4.5% | 5.4% | 1.8% | 4.6% | 4.4% |
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.
ASC-820 hierarchy · band width = share · hover to read
L1 $0 0.0% · L2 $0 0.0% · L3 $60.0M 81.5% · NAVexp $13.6M 18.5%
| Category | Ending | Activity | Coverage |
|---|---|---|---|
| Level 3 Investments | $60.0M | Ending balance only | Ending Balance Only |
NAV practical expedient · 1 observation · $73.6M fair value · 03/31/26
Management fee
1.3%annual · on navIncentive fee
12.5%Annual with 100% catch-up and high water mark hurdle · 5.0% hurdle| Class | Channel | Servicing | Distribution | Total ex-incentive |
|---|---|---|---|---|
| A | Standard Units / retail HNW | 0.5% | — | 1.8% |
| A-A | Anchor Units | 0.5% | — | 0.5% |
| A-D | Anchor Units | 0.3% | — | 0.3% |
| A-I | Anchor Units | 0.0% | — | 0.0% |
| A-S | Anchor Units | 0.8% | — | 0.8% |
| C | Carlyle Units | 0.0% | — | 0.0% |
| CG | Carlyle Units | 0.0% | — | 0.0% |
| D | Standard Units / fee-based intermediary | 0.3% | — | 1.5% |
| E-A | Early Investor Units | 0.5% | — | 1.3% |
| E-D | Early Investor Units | 0.3% | — | 1.0% |
| E-I | Early Investor Units | 0.0% | — | 0.8% |
| E-S | Early Investor Units | 0.8% | — | 1.6% |
| I | Standard Units / institutional | 0.0% | — | 1.3% |
| S | Standard Units / retail HNW | 0.8% | — | 2.1% |
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.