The prospectus states the Fund seeks long-term capital appreciation by investing at least 80% of net assets in private equity and venture capital: primary and secondary interests in third-party Portfolio Funds, Direct Investments through special purpose vehicles alongside Portfolio Funds, and listed private equity vehicles, with liquid holdings for cash management. Stated long-term targets are 50% primaries, 30% secondaries and 20% Direct Investments, and 40% venture, 40% buyout, 15% special situations and 5% liquid. At March 31, 2026 the Fund held 17 Portfolio Funds (90.7% of net assets) and 2 Direct Investments (5.1%), and the prospectus states it is not yet fully deployed.