Tender Offer - Felicitas Private Markets Fund
Form Type: SC TO-I
Filing Date: 2025-05-21
Corporate Action: Tender-offer
Type: New
Accession Number: 000121390025046461
Filing Summary: Felicitas Private Markets Fund is conducting a tender offer to purchase up to approximately 5.00% of the net assets of the Fund, which amounts to around $5,601,489, for the Class Y Shares of beneficial interest. The offer is open until June 18, 2025, and allows shareholders to tender either all or a portion of their shares. The net asset value per Class Y Share as of December 31, 2024, was $20.69. An early repurchase fee of 2.00% will apply if certain conditions are met, but can be waived at the discretion of the Fund's Board of Trustees. Payment for accepted tenders will be made in cash, with initial payments of 95% of the determined value of shares repurchased due within 65 days of the notice due date. The Fund may seek to borrow money for this purchase if necessary, although no borrowing decision has yet been made. The Offer is unconditioned on a minimum number of shares being tendered, and shareholders retain the right to withdraw their offers before the notice due date. The purpose of the Tender Offer is to provide liquidity to the shareholders, while also indicating that the operation is anticipated to increase expense ratios for the remaining shares due to the repurchase.
Additional details:
Class Of Securities: Class Y Shares
Cusip Number: 31431P108
Initial Notice Due Date: 2025-06-18
Valuation Date: 2025-06-30
Early Repurchase Fee: 2.00%
Max Percentage Of Net Assets: 5.00%
Form Type: SC TO-I/A
Filing Date: 2025-04-14
Corporate Action: Tender-offer
Type: Update
Accession Number: 000121390025031369
Filing Summary: This document represents a final amendment to the Issuer Tender Offer Statement on Schedule TO filed by Felicitas Private Markets Fund. The amendment is made to report the results of an issuer tender offer, where the Fund aimed to repurchase shares of beneficial interest (Class Y) in an aggregate amount up to $5,266,431. Shareholders wishing to tender their shares were required to do so by December 18, 2024, with the valuation date set for December 31, 2024. The net asset value of the tendered shares was calculated at $3,259,211 for Class Y. Payment for the accepted tenders was executed through promissory notes held by UMB Fund Services, Inc. A cash payment corresponding to the unaudited net asset value of the tendered shares was wired to the respective shareholders on February 24, 2025. The filing is meant to update the prior submission without altering any prior disclosed information.
Additional details:
Tender Offer Amount: 5266431
Tender Offer Due Date: 2024-12-18
Valuation Date: 2024-12-31
Net Asset Value Tendered: 3259211
Payment Date: 2025-02-24
Form Type: SC TO-I/A
Filing Date: 2024-12-13
Corporate Action: Tender-offer
Type: Update
Accession Number: 000121390024108673
Filing Summary: This document is a final amendment to the Issuer Tender Offer Statement filed on May 20, 2024, by Felicitas Private Markets Fund. The amendment reports the results of an offer by the Fund to repurchase shares of beneficial interest in an aggregate amount of $5,410,498. Holders of Class Y Shares were required to submit their tenders by June 18, 2024, with a valuation date set for June 28, 2024. The net asset value of the Shares tendered was calculated at $6,168,861. Payments for accepted tenders were made in the form of promissory notes, with additional cash payments wired to Shareholders on August 14, 2024. The final amendment confirms that the underlying information from the original filing remains unchanged, operational aspects including the contingent payments have been detailed for Shareholders, and no new changes or additional financial statements are reported in this amendment.
Additional details:
Tender Offer Amount: 5,410,498 USD
Net Asset Value Tendered: 6,168,861 USD
Tender Deadline: 2024-06-18
Valuation Date: 2024-06-28
Payment Date: 2024-08-14
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