Tender Offers for Constitution Capital Access Fund, LLC
Form Type: SC TO-I
Filing Date: 2025-01-03
Corporate Action: Tender-offer
Type: New
Accession Number: 000121390025000542
Comments: Constitution Capital Access Fund, LLC is conducting a tender offer to purchase shares of beneficial interest in the fund, specifically Class A, Class D, and Class I Shares, up to approximately 5.00% of the net assets of the Fund, totaling approximately $34,794,085 or 2,942,687 Shares as of November 30, 2024. The tender offer is scheduled to commence and shares must be tendered by 11:59 p.m. Eastern Time on January 31, 2025. The net asset value per share, calculated as of February 28, 2025 (the Valuation Date), will determine the purchase price. The Fund reserves the right to adjust the Valuation Date and may impose a 2.00% early repurchase fee if shares are purchased before the one-year anniversary of the original purchase. A promissory note will be issued to shareholders whose shares are accepted for repurchase, with an initial payment of at least 90% of the estimated aggregate value of the repurchased shares made within 65 days of the notice due date. The Fund’s goal is to provide liquidity to shareholders while ensuring the maintenance of a minimum account balance of $10,000 for those reducing their shareholding. Shares can be re-tendered after withdrawal until the notice due date; however, the Fund has the discretion to extend or cancel the offer.
Document Link: View Document
Additional details:
Name Of Subject Company: Constitution Capital Access Fund, LLC
Title Of Class Of Securities: Class A, Class D and Class I Shares
Cusp Numbers: 21039R101, 21039R200 AND 21039R309
Initial Notice Due Date: 2025-01-31
Valuation Date: 2025-02-28
Net Asset Value Per Class A Share: 11.82
Net Asset Value Per Class D Share: 11.80
Net Asset Value Per Class I Share: 11.82
Initial Payment Time: within 65 days after the Notice Due Date
Minimum Account Balance Required: 10000
Early Repurchase Fee: 2.00%
Form Type: SCHEDULE 13D/A
Filing Date: 2025-01-02
Corporate Action: Tender-offer
Type: Update
Accession Number: 000091957425000006
Comments: This Schedule 13D/A is filed by Universities Superannuation Scheme Limited, the sole corporate trustee of the Universities Superannuation Scheme. The trustee acquired Class I Shares from Constitution Capital Access Fund, LLC in connection with a reorganization process. The document outlines details about the ownership and management of these shares, declaring L8 Investment Holdings LP, a subsidiary of the trustee, as the direct holder. The Reporting Person plans to participate in future tender offers by the Fund for these Class I Shares. As of November 30, 2024, it holds 51,059,705.34 Class I Shares, which represent 86.8% of the 58,853,743 Class I Shares outstanding. The Reporting Person has no current plans for further corporate actions outside of the tender offers specified in their Agreement with Constitution Capital PM, LP. The document verifies the distinct ownership under statutory regulations and incorporates previous filings relevant to these transactions, while indicating that the trustee has maintained the fundamental control of the shares.
Document Link: View Document
Additional details:
Reporting Person: Universities Superannuation Scheme Ltd
Address Reporting Person: 60 Threadneedle Street, London EC2R 8HP
Holder Class I Shares: L8 Investment Holdings LP
Class I Shares Acquired: 51,059,705.34
Percentage Of Total Shares: 86.8
Total Class I Shares Outstanding: 58,853,743
Agreement Date: 2022-09-30