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
Strategy mix · % of value, per NPORT-P
| Fund interests · 42 | 76.8% |
| Cash · 1 | 12.4% |
| Co-investment · 7 | 5.9% |
| Secondary · 2 | 2.6% |
| Exposure | Kind | Sector | Geography | Fair value | % |
|---|---|---|---|---|---|
| State Street Institutional US Government Money Market Fund | Cash equivalent | EC | US | $54.0M | 12.4% |
| WEBSTER EQUITY PARTNERS V LP | Fund interest | EC | US | $30.2M | 6.9% |
| KOHLBERG TE INVESTORS VIII B | Fund interest | EC | US | $23.1M | 5.3% |
| ALPHA PRIVATE EQUITY FUND 7 | Fund interest | EC | LU | $18.1M | 4.2% |
| INVERNESS GRAHAM INV IV | Fund interest | EC | US | $17.3M | 4.0% |
| CHICAGO PACIFIC FOUNDERS FUND | Fund interest | EC | US | $17.0M | 3.9% |
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.
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
66.6%Level III + NAV expedientLevel III
0.0%mark-to-modelNAV expedient
66.6%fund-of-funds NAVNet unrealized
$20.6Mcost → fair value66.6% 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 $384M → fair value $404M ($20.6M 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 | Amended registration statement · filed Feb 19 | |
| Tender record → | Disclosed | Tender offer filing · filed May 15 | |
| Per-class economics → | Disclosed | 486BPOS filing · filed Jul 29 | |
| Distribution composition → | Not disclosed by fund | — | |
| Fair-value hierarchy → | Disclosed | Semiannual shareholder report · filed Dec 2 | |
| Unobservable inputs → | Not yet covered by AltHarbor | — | |
| Credit measures → | Not yet covered by AltHarbor | — | |
| Portfolio composition → | Disclosed | Portfolio holdings filing · filed Feb 19 |
What this fund doesn't file
| CHICAGO PACIFIC FOUNDERS FUND |
| Fund interest |
| EC |
| US |
| $15.0M |
| 3.4% |
| WAUD CAPITAL PARTNERS FIF V | Fund interest | EC | US | $14.8M | 3.4% |
| WEBSTER CAPITAL IV, LP | Fund interest | EC | US | $13.3M | 3.1% |
| WARBURG PINCUS PE XII E | Fund interest | EC | KY | $12.4M | 2.9% |
| APOLLO OVERSEAS PARTNERS IX | Fund interest | EC | LU | $11.5M | 2.7% |
| SKYKNIGHT CAPITAL II CV B, L.P | Continuation vehicle | EC | US | $10.8M | 2.5% |
| MLC PE PARTNERS | Fund interest | EC | US | $9.48M | 2.2% |
| PAMLICO CAPITAL IV, L.P. | Fund interest | EC | US | $8.98M | 2.1% |
| PLATINUM EQ CAP PRTNRS IV, L.P | Fund interest | EC | US | $8.82M | 2.0% |
% basis: % of value, per NPORT-P
top 15 of 52 disclosed exposures shown
every filing on record · one tick per filing · hue = type, height = rarity
all 22Imported record 7Portfolio holdings filing 6Tender offer filing 3Amended tender offer 2Semiannual shareholder report 1486BPOS filing 1Shareholder report 1Amended registration statement 1
| Filed | Type | Accession |
|---|---|---|
| 02/19/25 | N-2/AAmended registration statement | 0001193125-25-029581 ↗ |
No NAV / subscription credit facility disclosed by this fund
No distributions on record
Changes: no material changes on record
Changes: no material changes on 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 |
|---|---|---|---|---|---|
| Sretail | $212M | 63.4% | Class S stated fees: management 1.3 percent, servicing 0.8 percent2.00%+3.5% load | $25,000 | Brokerage / financial intermediary |
| Iinstitutional | $122M | 36.6% | Class I stated fees: management 1.3 percent1.25%+0.0% load | $25,000 | Institutional |
| Dretail | Class D stated fees: management 1.3 percent, servicing 0.3 percent1.50%+0.0% load | $25,000 | Advisory / intermediary |
Named at issuer
100.0%of disclosed FVDisclosed FV / NAV
0.86×~1.0× expectedOf $425M disclosed fair value, $425M (100.0%) is named at the issuer level across 52 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.
Total assets
$504MTotal liabilities
$11.7MNet assets
$492MLiabilities / net assets
0.02×derivedTotal assets / net assets
1.02×derivedNot disclosed by this fund: assets invested
0001410368-26-053322 period 2026-03-31: NPORT-P fundInfo totalAssets, totalLiabs, and netAssets; totals reconcile totalAssets - totalLiabs = netAssets within rounding.
hover or touch the chart to scrub
| Filed | Filing | Period / note |
|---|---|---|
| 05/27/26 | Portfolio holdings filing | 03/31/26 |
| 05/15/26 | Tender offer filing | |
| 05/05/26 | Amended tender offer | |
| 02/19/26 | Portfolio holdings filing | 12/31/25 |
| 02/13/26 | Tender offer filing | |
| 12/02/25 | Semiannual shareholder report | 09/30/25 |
| 11/19/25 | Portfolio holdings filing | 09/30/25 |
| 08/22/25 | Portfolio holdings filing | 06/30/25 |
| 07/29/25 | 486BPOS filing | |
| 07/11/25 | Amended tender offer | |
| 06/06/25 | Shareholder report | 03/31/25 |
| 06/02/25 | Tender offer filing | |
| 05/19/25 | Portfolio holdings filing | 03/31/25 |
| 02/24/25 | Portfolio holdings filing | 12/31/24 |
| 02/19/25 | Amended registration statement |
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 | Not disclosed | 9.0K sh | 9.0K sh | Not disclosed |
| Q2-25 | 0.83× | 6.3M sh | 6.3M sh | $20.00 |
requested basis: shares tendered · rows expand (tap or e)
Windows observed: 3 · median open-to-pricing 46d · derived from filed window dates
ASC-820 hierarchy · band width = share · hover to read
L1 $135M 33.4% · L2 $0 0.0% · L3 $0 0.0% · NAVexp $269M 66.6%
Unobservable-input ranges: not disclosed in latest annual filing
| Category | Ending | Activity | Coverage |
|---|---|---|---|
| Level 3 Investments | $0 | Ending balance only | Ending Balance Only |
NAV practical expedient · 1 observation · $404M fair value · 09/30/25
Unfunded
$7.76Mstill callable · 03/31/25per-company % as filed — the percent basis varies by filer; fair value is the comparable figure
| Class | SI |
|---|---|
| I | 13.1% |
| S | 12.9% |
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%annual · on nav (annual rate)Incentive fee
12.5%Hard hurdle with high-water mark and 100% catch-up hurdle · 5.0% hurdle · 100.0% catch-up| Class | Channel | Servicing | Distribution | Total ex-incentive |
|---|---|---|---|---|
| D | Fee-based intermediary / RIA | 0.3% | — | 1.5% |
| I | Institutional / direct | 0.0% | — | 1.3% |
| S | Brokerage / financial intermediary | 0.8% | — | 2.0% |
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.