IPO - JETSTREAM VENTURE FUND

Form Type: N-2/A

Filing Date: 2025-03-06

Corporate Action: Ipo

Type: Update

Accession Number: 000139834425004946

Filing Summary: Jetstream Venture Fund is a newly organized Delaware statutory trust registered under the Investment Company Act as a non-diversified, closed-end management investment company operating as an interval fund. It aims to achieve long-term capital appreciation by focusing on private, venture capital investments. The Fund primarily invests in equity securities of private growth companies and interests in private venture capital funds. Liquidity management involves holding assets in cash or cash equivalents and other liquid instruments. The Fund conducts semiannual repurchase offers for 5% of its outstanding shares at net asset value, allowing limited liquidity to shareholders. The investment process may take up to two years to fully invest in targeted Portfolio Companies and Funds. Investors should consider shares illiquid, as they are not exchange-traded and are subject to significant restrictions on transferability. The first repurchase offer is scheduled for 2025. The Fund operates under strict compliance and monitoring from an advisory relationship with Sweater Industries LLC and Xcellerant Ventures, LLC, ensuring alignment with the investment objective and expenses are managed under an agreed expense limitation.

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