Tender Offer - Private Shares Fund

Form Type: N-23C3A

Filing Date: 2025-05-27

Corporate Action: Tender-offer

Type: New

Accession Number: 000121390025047688

Filing Summary: The Private Shares Fund, a closed-end interval fund, is notifying shareholders about its quarterly share repurchase program. The repurchase offer starts on May 27, 2025, allowing shareholders to tender shares for repurchase at the net asset value (NAV). The Fund intends to repurchase 5% of its outstanding shares and offers liquidity to shareholders since shares are not traded on an exchange. The repurchase request deadline is June 20, 2025, and payments for repurchased shares will occur within seven days after the pricing date. The NAV per share as of May 20, 2025, was reported as $40.33 for Class A, $41.12 for Class I, and $39.57 for Class L. Shareholders are advised that withdrawals of shares could lead to tax implications and they must ensure their requests are submitted properly and on time to avoid being delayed until the next repurchase offer. The Fund's Board can suspend or postpone the offer under certain conditions, ensuring that shareholders are informed of any such changes.