The prospectus states the Fund seeks long-term capital appreciation through a strategically managed portfolio focused on private venture capital investments. It invests primarily in equity securities of private start-up and early growth stage companies and, to a lesser extent, in professionally managed private venture capital funds, buying directly, by co-investing with unaffiliated venture funds, and in secondary transactions. Secondaries are expected to be a greater share during the initial ramp-up. The Fund is non-diversified, may invest across regions and industries, and expects to invest primarily in U.S. companies. It may hold substantial cash pending investment.