IPO - Pop Venture Fund

Form Type: N-2/A

Filing Date: 2024-10-28

Corporate Action: Ipo

Type: New

Accession Number: 000110465924111772

Filing Summary: The Pop Venture Fund is a newly organized Delaware statutory trust registered under the Investment Company Act of 1940, as a continuously offered non-diversified closed-end management investment company. Its investment objective is current income and capital appreciation primarily through equity investments in various stages of Private Companies. The Fund operates as an interval fund with annual repurchase offers. Detailed insights into the fund’s investment strategies, risks, and management agreements are discussed. The advising firm, Pop Venture Advisers LLC, oversees the Fund's operations. A management fee of 2.00% on net asset value applies. Shares are not traded publicly, and there are restrictions on liquidity. Additional factors such as investment risks, share repurchase procedures, and the relationship with CrowdCheck, Inc. for due diligence processes are thoroughly outlined. Overall, the Fund emphasizes long-term investment strategies aimed at capital growth in private equity markets.

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Form Type: N-2

Filing Date: 2024-03-29

Corporate Action: Ipo

Type: New

Accession Number: 000110465924040943

Filing Summary: The Pop Venture Fund is a newly organized Delaware statutory trust registered under the Investment Company Act of 1940 as a non-diversified, closed-end management investment company and operates as an interval fund. The Fund aims to provide current income and capital appreciation by investing in equity securities of privately held early-stage, mid-stage, and late-stage growth companies. The Fund will conduct quarterly repurchase offers of its shares, aiming to repurchase between 5% and 25% of its outstanding shares at net asset value (NAV). The Fund’s investment strategy includes using a proprietary database called 'The Locker' to identify investment opportunities in privately held companies, with a focus on equity investments in cash flow positive pre-IPO firms. The Fund has set a minimum initial investment of $25 and is expected to generate liquidity through these repurchase offers, though the shares are considered illiquid as they are not traded on any exchange. Investment risks include potential loss of capital, lack of operating history, and the speculative nature of the Fund's investments.

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