Tender Offer - JP MORGAN ACCESS MULTI-STRATEGY FUND LLC
Form Type: SC TO-I
Filing Date: 2025-03-28
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525066243
Filing Summary: J.P. Morgan Access Multi-Strategy Fund, L.L.C. is initiating a tender offer to purchase up to 35% of its net assets from its members at net asset value (NAV) as calculated on June 30, 2025. Members have until April 25, 2025, to submit tenders, which can include their entire interest or a portion. The Fund reserves the right to adjust the repurchase date and may charge a Repurchase Fee of 1.5% for interests tendered within one year of purchase. Payments to members will occur in two parts: an Initial Payment within 45 days post-repurchase date and a Post-Audit Payment based on the next annual audit. Members can change or cancel their tenders before the notice due date. The Offer proceeds may come from various sources, including cash on hand and withdrawal proceeds from investments. The Offer aims to provide liquidity to members, adhering to terms set in the LLC Agreement and the Private Placement Memorandum, with no associated acquisition, merger, or liquidation plans noted.
Document Link: View Document
Additional details:
Title Of Class Of Securities: limited liability company interests
Tender Offer Deadline: 2025-04-25
Repurchase Fee: 1.5%
Initial Payment Due: on or before 45 days after Repurchase Date
Repurchase Date: 2025-06-30
Cancellation Rights: Members can cancel tender until April 25, 2025.
Valuation Date: January 31, 2025
Form Type: SC TO-I/A
Filing Date: 2025-02-26
Corporate Action: Tender-offer
Type: Update
Accession Number: 000119312525036433
Filing Summary: This document is a final amendment to the Issuer Tender Offer Statement filed by J.P. Morgan Access Multi-Strategy Fund, L.L.C. It details the results of the issuer tender offer originally published on September 26, 2024, where the Fund offered to purchase up to 35 percent of its interests. The offer expired on October 25, 2024, and a total of $5,524,883.35 of interests were validly tendered and accepted. Payment for these interests amounts to $5,248,639.17, which was made through a non-interest bearing promissory note. The initial payment was made on February 14, 2025, with the remaining balance to be paid after the Fund's fiscal year audit completion, expected by May 31, 2025.
Document Link: View Document
Additional details:
Tender Offer Expiration Date: 2024-10-25
Valuation Date: 2024-12-31
Total Interests Tendered: 5524883.35
Payment Amount: 5248639.17
Initial Payment Date: 2025-02-14
Audit Completion Date: 2025-05-31
Form Type: SC TO-I
Filing Date: 2024-12-23
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312524283946
Filing Summary: On December 23, 2024, J.P. Morgan Access Multi-Strategy Fund, L.L.C. filed a tender offer to repurchase up to 35% of its net assets from members at their net asset value. The members must submit their tender requests by January 23, 2025, by 11:59 p.m. New York time. The net asset value determining the purchases will be calculated as of March 31, 2025. Members who wish to cancel their tenders can do so until the Notice Due Date, after which they may also cancel if their tender has not been accepted. Each member who submits a tender will receive a non-interest bearing promissory note, which will detail their payment entitling them to the net asset value of the interest tendered. The fund reserves the right to extend the offer or adjust the repurchase date as outlined in the offer documents. The fund aims to provide liquidity to its members while explaining risks involved such as increased volatility, reduced diversification, and potential changes in asset values.
Document Link: View Document
Additional details:
Title Of Class Of Securities: limited liability company interests
Tender Offer Expiration Date: 2025-01-23
Net Asset Value Of Fund: 208977774.87
Minimum Account Balance: 50000
Repurchase Fee: 1.5%
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