PE · PRIVATE EQUITY

CAZ GP Stakes Income Fund

CAZ Investments · Interval Fund (GP Stakes)

Program Overview

Interval Fund (GP Stakes)

Peer Group Filters

Objectives: IncomeCapital Appreciation
Asset Class: Private Equity
Vehicle: Interval Fund
Single / Multi Asset: Multi-Asset

Sponsor/Manager

CAZ Investments

Asset Class

Private Equity

Issuer

CAZ GP Stakes Income Fund

Issuer Legal Structure

Delaware Statutory Trust

Program Life Structure

Perpetual

Securities Offered

Equity - Class A Shares of Beneficial Interest Equity - Class C Shares of Beneficial Interest Equity - Class E Shares of Beneficial Interest Equity - Class I Shares of Beneficial Interest Equity - Class R Shares of Beneficial Interest

Target Leverage

Maximum 33% debt-to-total-assets Borrowings or notes up to 33 1/3% of total assets; preferred shares up to 50%. N-PORT reports $0 borrowings and $0 preferred at 6/30/2026. Written puts ($22.1M notional at 3/31/2026) and unfunded commitments ($53.8M) sit outside this limit.

Strategy Risk/Return Profile

Managing Broker-Dealer

Ultimus Fund Distributors, LLC

Scale

8,775,265 Class I shares outstanding · 11,286 Class R shares outstanding

Minimum Investment

$2,500

Class A Shares of Beneficial Interest · waivable

Strategy Overview

The prospectus states the Fund seeks long-term capital appreciation and current income by acquiring minority equity stakes (GP Stakes) in institutionalized alternative asset managers through secondary, primary and direct investments. At least 80% of net assets is invested in GP Stakes, and the Fund concentrates in the asset management industry as a fundamental policy. Typical positions are 0.5% to 5% of total assets, with a 5% per-GP-Stake limit at the time of investment. A liquid sleeve of listed asset-manager equities, money market funds and written put options supports repurchases and capital calls. Every investment requires unanimous approval of a five-member CAZ Investment Committee.

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