The Prospectus states the Fund seeks long-term capital appreciation and current income by investing in a broad cross section of private market assets across strategies, geographies and asset classes, through primary and secondary fund investments, co-investments and direct investments, with up to 20% in ETFs, public securities and cash for liquidity and capital calls. It may borrow and use derivatives. At 3/31/2026 co-investments were 42.2% of net assets, primaries 26.2%, secondaries 21.1% (mostly GP-stakes funds), direct 4.5%, listed stocks 3.1% and money market 4.0%.