Act IPulse
Filled in full: 2 of 3 · demand stayed within the cap every window
Q2-26 · within cap · click a window to replay it below
No distributions on record
Strategy mix · % of value, per NPORT-P
| Co-investment · 35 | 61.7% |
| Fund interests · 19 | 33.2% |
| Cash · 1 | 5.6% |
| Direct · 1 | 1.4% |
| Exposure | Kind | Sector | Geography | Fair value | % |
|---|---|---|---|---|---|
| State Street Institutional US Government Money Market Fund | Cash equivalent | EC | US | $31.9M | 5.6% |
| CIMI Holdings L.P. | Fund interest | Health Care | US | $26.0M | 4.5% |
| WP Intrepid Co-Invest Holdings I, L.P. | Co-investment | Information Technology | US | $21.2M | 3.7% |
| KKR Sansibar Co-Invest L.P. | Co-investment | Industrials | DE | $18.9M | 3.3% |
| Pyke Co-Investment Partners, L.P. | Co-investment | Industrials | US | $18.8M | 3.3% |
| Magnesium Co-Invest SCSp | Co-investment | Information Technology | US | $18.4M |
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.
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.
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
86.7%Level III + NAV expedientLevel III
21.7%mark-to-modelNAV expedient
64.9%fund-of-funds NAVNet unrealized
$23.8Mcost → fair value86.7% 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 $510M → fair value $533M ($23.8M 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 Dec 12 | |
| Tender record → | Disclosed | Tender offer filing · filed May 15 | |
| Per-class economics → | Disclosed | Semiannual shareholder report · filed Dec 5 | |
| Distribution composition → | Not disclosed by fund | — | |
| Fair-value hierarchy → | Disclosed | Semiannual shareholder report · filed Dec 5 | |
| Unobservable inputs → | Disclosed | Semiannual shareholder report · filed Dec 5 | |
| Credit measures → | Not yet covered by AltHarbor | — | |
| Portfolio composition → | Disclosed | Portfolio holdings filing · filed Feb 27 |
What this fund doesn't file
| 3.2% |
| Knockout Co-Invest, L.P. | Co-investment | Information Technology | US | $17.5M | 3.1% |
| MINERVA PARTNERS, L.P. | Fund interest | Health Care | US | $17.1M | 3.0% |
| Sunshine Co-Investment Partners, L.P. | Co-investment | Information Technology | US | $17.0M | 3.0% |
| FTV FA, L.P. | Fund interest | Information Technology | US | $16.4M | 2.9% |
| Jupiter Coinvestor L.P. | Co-investment | Consumer Discretionary | US | $16.4M | 2.9% |
| QHP Sapphire SPV, L.P. | Fund interest | US | $16.0M | 2.8% |
| MDCP Co-Investors (Chicago-C), L.P. | Co-investment | US | $15.1M | 2.6% |
| ECI 12 SPECIAL PURPOSE LP | Fund interest | GB | $13.7M | 2.4% |
| Hg Vibranium Co-Invest LP | Co-investment | Information Technology | SE | $13.6M | 2.4% |
% basis: % of value, per NPORT-P
top 15 of 56 disclosed exposures shown
every filing on record · one tick per filing · hue = type, height = rarity
all 25Imported record 11Portfolio holdings filing 4Tender offer filing 3Amended tender offer 2Prospectus supplement 2Semiannual shareholder report 2Registration statement 1
| Filed | Type | Accession |
|---|---|---|
| 05/29/26 · period 03/31/26 | NPORT-PPortfolio holdings filing | 0001410368-26-056396 ↗ |
| 02/27/26 · period 12/31/25 | NPORT-PPortfolio holdings filing | 0001410368-26-020377 ↗ |
| 11/26/25 · period 09/30/25 | NPORT-PPortfolio holdings filing | 0001410368-25-032352 ↗ |
| 08/26/25 · period 06/30/25 | NPORT-PPortfolio holdings filing | 0001410368-25-001210 ↗ |
Cap: 5.0% NAV/qtr (all windows) · All 3 windows filled in full
| Window | Req ÷ cap | Requested | Accepted | Price |
|---|---|---|---|---|
| Q2-26 | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
| Q1-26 | 0.00× | 0 sh | 0 sh | Not disclosed |
| Q4-25 | 0.00× | 0 sh | 0 sh | Not disclosed |
requested basis: shares tendered · rows expand (tap or e)
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 |
|---|---|---|
| 05/29/26 | Portfolio holdings filing | 03/31/26 |
| 05/15/26 | Tender offer filing | |
| 03/24/26 | Amended tender offer | |
| 03/06/26 | Prospectus supplement | |
| 02/27/26 | Portfolio holdings filing | 12/31/25 |
| 02/13/26 | Tender offer filing | |
| 02/06/26 | Prospectus supplement | |
| 01/08/26 | Amended tender offer | |
| 12/12/25 | Registration statement | |
| 12/05/25 | Semiannual shareholder report | 09/30/25 |
| 12/05/25 | Semiannual shareholder report | 09/30/25 |
| 11/26/25 | Portfolio holdings filing | 09/30/25 |
| 11/21/25 | Tender offer filing | |
| 08/26/25 | Portfolio holdings filing | 06/30/25 |
hover or touch the chart to scrub
Total assets
$655MTotal liabilities
$2.38MNet assets
$653MLiabilities / net assets
0.00×derivedTotal assets / net assets
1.00×derivedNot disclosed by this fund: assets invested
0001410368-26-056396 period 2026-03-31: NPORT-P fundInfo totalAssets, totalLiabs, and netAssets; totals reconcile totalAssets - totalLiabs = netAssets within rounding.
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 Aretail | not disclosed | ||||
| Class Dretail | not disclosed | ||||
| Class Iinstitutional | not disclosed |
NAV/share $10.64 · all classes
Committed line
$50.0Mmax facility commitment · 09/30/25Drawn
$0outstanding · 0.0% of line · 09/30/25| Facility / lender | Committed | Drawn | Rate | Commit fee | Maturity |
|---|---|---|---|---|---|
| JPMorgan Revolving Credit FacilityJPMorgan Chase Bank, N.A. | $50.0M | $0 | Adjusted Term SOFR + 325bp | 1.3% | 06/04/28 |
Windows observed: 3 · median open-to-pricing 46d · derived from filed window dates
Geography HHI
4,584concentratedNamed at issuer
100.0%of disclosed FVDisclosed FV / NAV
0.89×~1.0× expectedGeographic mix
100%-stacked share of disclosed allocation · sweep to read
Σ 100.0% disclosed · as of 09/30/25 · segments share of disclosed total
Of $582M disclosed fair value, $582M (100.0%) is named at the issuer level across 56 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.
Unfunded
$117Mstill callable · 09/30/25per-company % as filed — the percent basis varies by filer; fair value is the comparable figure
| Class | SI |
|---|---|
| I | 6.4% |
| A | 6.4% |
| D | 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.
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%on net profits| Class | Channel | Servicing | Distribution | Total ex-incentive |
|---|---|---|---|---|
| Class A | Retail broker-dealer / front-load class | 0.8% | — | 2.0% |
| Class D | Fee-based intermediary / RIA | 0.3% | — | 1.5% |
| Class I | Institutional / direct | 0.0% | — | 1.3% |
Management fee is charged on 1.25% of nav per annum, calculated and accrued monthly (contractually waived to 0.00% through december 31, 2026).
Contractual management fee is 1.25%; manager has waived the fee to 0.00% through 2026-12-31 (per N-CSRS filed 2025-10-29).
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.
ASC-820 hierarchy · band width = share · hover to read
L1 $71.2M 13.3% · L2 $0 0.0% · L3 $116M 21.7% · NAVexp $346M 64.9%
| Category | Ending | Activity | Coverage |
|---|---|---|---|
| Level 3 Investments | $116M | Ending balance only | Ending Balance Only |
NAV practical expedient · 1 observation · $533M fair value · 09/30/25