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ACAP Strategic Fund

Alkeon Capital Management · Long/Short Equity Interval Fund

Program Overview

Long/Short Equity Interval Fund
ACAP Strategic Fund
Peer Group Filters
Objectives
Capital Appreciation
Asset Class
Hedge Fund
Vehicle
Interval Fund
Single / Multi Asset
Multi-Asset
Sponsor/Manager
Asset Class
Hedge Fund
Issuer
ACAP Strategic Fund
Issuer Legal Structure
Delaware Statutory Trust
Program Life Structure
Perpetual
Program Status
Active
Target Leverage
Maximum 33% debt-to-total-assets Borrowings (excluding short sales and derivatives) capped at 33 1/3% of total assets. Six months to 3/31/2026: average borrowings $189.1M at 2.63%; $59,175 outstanding at period end. Shorts were 51.25% of net assets; swaps are with Morgan Stanley.
Strategy Risk/Return Profile
Speculative
Scale
273,640,547 Class A shares outstanding · 121,028,820 Class W shares outstanding
Minimum Investment
$50,000
Class A Shares · waivable
Strategy Overview

The prospectus states the Fund's objective is to achieve maximum capital appreciation. It invests primarily in publicly traded equity securities of U.S. and foreign companies the Adviser believes are well positioned to benefit from demand for their products or services, and it effects short sales of securities it views as overvalued. The Fund also uses purchased options, total return swaps and leverage, which it describes as speculative practices involving a high degree of risk. It operates as an interval fund under Rule 23c-3, offering quarterly repurchases, and continuously offers shares at net asset value.

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