The Private Shares Fund
The Private Shares Fund (PRIVX) is a registered interval fund that gives investors with $2,500 and no accreditation a portfolio of late-stage venture-backed companies. Class A returned 7.91% a year at NAV over the ten years to September 30, 2026, against 9.84% for the Russell 2000 it reports against, and the fund costs 2.46% to 2.74% a year plus sales charges of up to 5.75%. At June 30, 2026, SpaceX was 23.7% of its $1.54 billion of net assets. Holders can sell only in quarterly repurchase offers for 5% of shares; they tendered 8% to 12% of the fund in each 2025 offer and 8.54% in June 2026, and requests were prorated.
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Platform Identity
- Website
- privatesharesfund.com
- Headquarters
- New York, NY, US
- Founded
- 2012
- Parent
- Liberty Street Advisors, Inc. (investment adviser, CRD 142949); fund is a Delaware statutory trust
- Platform type
- SEC-Registered Diversified Closed-End Interval Fund (Investment Company Act of 1940) Holding Late-Stage Venture-Backed Companies
- Regulatory
- sec_registered_ia
- Eligibility
- retail
AltStreet Coverage
- Review status
- Published
- Coverage type
- Investment platform
- Review date
- Oct 17, 2026
- Last updated
- Oct 17, 2026
- Composite score
- 6.4
- Structural signals
- 6 total
Key Data Points
- EDGAR-linked offerings
- 1
- Filing-verified raised
- $1.54B
Auditors of Record
Audit firms named in this platform's issuer filings, as recorded in AltStreet's auditor directory. Each firm page lists every issuer it audits across covered platforms.
Manager (Form ADV)
Investment adviser records matched to this platform from SEC Form ADV filings (IARD). Figures are manager-level — they describe the advisory firm, not any single offering on this page.
LIBERTY STREET ADVISORS, INC.
SEC-Registered Adviser- CRD / SEC#
- 142949 · 801-67698
- Status
- Approved
- Regulatory AUM
- $1.88B
- Item 11 disclosures
- None reported
- Main office
- NEW YORK, NY
- Latest ADV filed
- Mar 27, 2026
Item 11 disclosures are affirmative answers to Form ADV's disciplinary questions, which can include affiliate events — they are not a count of violations. Source: SEC Form ADV data, refreshed monthly.
Reference Reading
AltStreet reference pages on the filings and mechanics behind this platform's category.
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