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 · % of value, per NPORT-P
| Fund interests · 55 | 40.7% |
| Cash · 1 | 22.8% |
| Co-investment · 21 | 14.5% |
| Direct · 22 | 13.6% |
| Secondary · 12 | 9.8% |
| Exposure | Kind | Sector | Geography | Fair value | % |
|---|---|---|---|---|---|
| JPMORGAN US TREASURY PLUS MONE | Cash equivalent | STIV | US | $359M | 22.8% |
| Fidelity Advisor Floating Rate High Income Fund | Fund interest | EC | US | $89.7M | 5.7% |
| MEDICUS HEALTHCARE SOLUTIONS | Portfolio company | EC | US | $42.2M | 2.7% |
| APH EXTENDED VALUE FUND H LP | Continuation vehicle | EC | US | $41.3M | 2.6% |
| APSE CAPITAL II LP | Fund interest | EC | GB | $39.3M | 2.5% |
| ISHTAR CO INVEST B LP | Co-investment | EC | US | $32.0M |
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
77.0%Level III + NAV expedientLevel III
0.5%mark-to-modelNAV expedient
76.4%fund-of-funds NAVNet unrealized
$233Mcost → fair value77.0% 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 $1.53B → fair value $1.76B ($233M 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 Mar 31 | |
| Tender record → | Disclosed | Tender offer filing · filed May 15 | |
| Per-class economics → | Disclosed | Semiannual shareholder report · filed Dec 4 | |
| Distribution composition → | Disclosed | Shareholder report · filed Jun 8 | |
| Fair-value hierarchy → | Disclosed | Shareholder report · filed Jun 8 | |
| Unobservable inputs → | Disclosed | Shareholder report · filed Jun 8 | |
| Credit measures → | Not yet covered by AltHarbor | — | |
| Portfolio composition → | Disclosed | Portfolio holdings filing · filed Feb 27 |
| 2.0% |
| QHP ORANGE CO INVEST II L.P. | Co-investment | EC | US | $27.6M | 1.8% |
| GTCR OAK FUND LP | Fund interest | EC | US | $27.2M | 1.7% |
| SHORE CAP HCADVET COIN FUNDLP | Fund interest | EC | US | $25.7M | 1.6% |
| MENRVA CO INVESTMENT, L.P. | Co-investment | EC | US | $25.5M | 1.6% |
| METL INV PE PARTII FEEDER LP | Fund interest | EC | US | $25.2M | 1.6% |
| CCMP CAPITAL INVESTORS IV LP | Fund interest | EC | US | $24.5M | 1.6% |
| ECP R T FEEDER FUND LP SECONDA | Fund interest | EC | US | $24.4M | 1.5% |
| LINDSAY GOLDBERG (SECONDARY) | Secondary fund | EC | US | $24.0M | 1.5% |
| QUAD C PARTNERS X BLOCKER/ SEC | Fund interest | EC | US | $22.2M | 1.4% |
% basis: % of value, per NPORT-P
top 15 of 111 disclosed exposures shown
Component breakdown not disclosed for this fund’s distributions
every filing on record · one tick per filing · hue = type, height = rarity
all 46Portfolio holdings filing 11Imported record 11Tender offer filing 10Amended tender offer 6Semiannual shareholder report 4Shareholder report 3Registration statement 1
| Filed | Type | Accession |
|---|---|---|
| 12/04/25 · period 09/30/25 | N-CSRSSemiannual shareholder report | 0001193125-25-308235 ↗ |
| 12/04/25 · period 09/30/25 | N-CSRSSemiannual shareholder report | 0001193125-25-308235 ↗ |
| 12/06/24 · period 09/30/24 | N-CSRSSemiannual shareholder report | 0001193125-24-272517 ↗ |
| 12/08/23 · period 09/30/23 | N-CSRSSemiannual shareholder report | 0001193125-23-290807 ↗ |
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 |
|---|---|---|---|---|---|
| Sretail | $706M | 50.9% | Class S stated fees: management 1.0 percent, servicing 0.7 percent1.70% | Retail broker-dealer / Wirehouse | |
| Iinstitutional | $631M | 45.4% | Class I stated fees: management 1.0 percent1.00% | $1,000,000 | Institutional / Direct |
| Dretail | $51.1M | 3.7% | Class D stated fees: management 1.0 percent, servicing 0.3 percent1.25% | Fee-based intermediary / RIA |
Committed line
$150Mmax facility commitment · 03/31/26Drawn
$0outstanding · 0.0% of line · 03/31/26| Facility / lender | Committed | Drawn | Rate | Commit fee | Maturity |
|---|---|---|---|---|---|
| State Street Revolving Credit FacilityState Street Bank and Trust Company | $150M | $0 | Term SOFR + 265bp | 0.7% | 07/21/28 |
hover or touch the chart to scrub
Total assets
$1.75BTotal liabilities
$68.8MNet assets
$1.68BLiabilities / net assets
0.04×derivedTotal assets / net assets
1.04×derivedNot disclosed by this fund: assets invested
0001410368-26-054639 period 2026-03-31: NPORT-P fundInfo totalAssets, totalLiabs, and netAssets.
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 | 2.5M sh | 2.5M sh | $16.90 |
| Q3-25 | Not disclosed | 2.3M sh | 2.3M sh | $16.82 |
| Q2-25 | Not disclosed | 1.0M sh | 1.0M sh | $16.55 |
| Q1-25 | Not disclosed | 105.4K sh | 105.4K sh | $15.33 |
| Q4-24 | Not disclosed | 18.9K sh | 18.9K sh | $15.83 |
| Q3-24 | Not disclosed | 14.2K sh | 14.2K sh | $15.37 |
| 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)
| Filed | Filing | Period / note |
|---|---|---|
| 06/08/26 | Shareholder report | 03/31/26 |
| 05/28/26 | Portfolio holdings filing | 03/31/26 |
| 05/15/26 | Tender offer filing | |
| 03/31/26 | Registration statement | |
| 02/27/26 | Portfolio holdings filing | 12/31/25 |
| 02/17/26 | Amended tender offer | |
| 02/13/26 | Tender offer filing | |
| 12/04/25 | Semiannual shareholder report | 09/30/25 |
| 12/04/25 | Semiannual shareholder report | 09/30/25 |
| 11/25/25 | Portfolio holdings filing | 09/30/25 |
| 11/17/25 | Tender offer filing | |
| 11/14/25 | Amended tender offer | |
| 08/29/25 | Portfolio holdings filing | 06/30/25 |
| 08/20/25 | Amended tender offer | |
| 08/15/25 | Tender offer filing | |
| 06/09/25 | Shareholder report | 03/31/25 |
| 05/27/25 | Portfolio holdings filing | 03/31/25 |
| 05/22/25 | Amended tender offer | |
| 05/16/25 | Tender offer filing | |
| 02/28/25 | Portfolio holdings filing | 12/31/24 |
| 02/21/25 | Amended tender offer | |
| 02/14/25 | Tender offer filing | |
| 12/06/24 | Semiannual shareholder report | 09/30/24 |
| 11/29/24 | Portfolio holdings filing | 09/30/24 |
| 11/25/24 | Amended tender offer | |
| 11/15/24 | Tender offer filing | |
| 08/28/24 | Portfolio holdings filing | 06/30/24 |
| 08/15/24 | Tender offer filing | |
| 06/07/24 | Shareholder report | 03/31/24 |
| 05/29/24 | Portfolio holdings filing | 03/31/24 |
| 05/15/24 | Tender offer filing | |
| 02/27/24 | Portfolio holdings filing | 12/31/23 |
| 02/12/24 | Tender offer filing | |
| 12/08/23 | Semiannual shareholder report | 09/30/23 |
| 11/28/23 | Portfolio holdings filing | 09/30/23 |
Windows observed: 10 · median open-to-pricing 46d · derived from filed window dates
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
Sector HHI
3,131concentratedGeography HHI
6,600concentratedNamed at issuer
100.0%of disclosed FVDisclosed FV / NAV
0.95×~1.0× expectedSector mix
100%-stacked share of disclosed allocation · sweep to read
Σ 100.0% disclosed · as of 09/30/25 · 5 more beyond top 8 at 7.3% · segments share of disclosed total
Geographic 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 $1.60B disclosed fair value, $1.60B (100.0%) is named at the issuer level across 111 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.
ASC-820 hierarchy · band width = share · hover to read
L1 $406M 23.0% · L2 $0 0.0% · L3 $9.63M 0.5% · NAVexp $1.35B 76.4%
Unobservable-input ranges: not disclosed in latest annual filing
| Category | Ending | Activity | Coverage |
|---|---|---|---|
| Level 3 Investments | $9.63M | Ending balance only | Ending Balance Only |
NAV practical expedient · 1 observation · $1.76B fair value · 03/31/26
Unfunded
$273Mstill callable · 03/31/26| Strategy | Committed | Funded | % funded | Unfunded |
|---|---|---|---|---|
| Co-investment | — | — | $29.8M | |
| Primary | — | — | $63.8M | |
| Secondary | — | — | $180M |
per-company % as filed — the percent basis varies by filer; fair value is the comparable figure
| Class | YTD | 1Y | SI |
|---|---|---|---|
| I | 6.5% | 11.8% | 24.4% |
| S | 6.2% | 11.2% | 17.4% |
| D | 6.4% | 11.7% | 8.2% |
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 | S | D |
|---|---|---|---|
| 09/30/25 | 6.5% | 6.2% | 6.4% |
| 09/30/24 | 5.8% | 5.6% | 5.7% |
| 09/30/23 | 27.8% | 3.8% |
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
1.0%annualIncentive fee
10.0%on net profits| Class | Channel | Servicing | Distribution | Total ex-incentive |
|---|---|---|---|---|
| D | Fee-based intermediary / RIA | 0.3% | — | 1.8% |
| I | Institutional / Direct | 0.0% | — | 1.5% |
| S | Retail broker-dealer / Wirehouse | 0.7% | — | 2.3% |
Management fee is charged on net assets (nav), calculated and accrued monthly as of the last business day of each calendar month.
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.
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.