The prospectus states the objective is long-term capital appreciation. The Fund is a fund of funds that invests in general or limited partnerships, open-end, closed-end and exchange-traded funds and other vehicles across public and private equity (buyout, venture, growth), public and private credit, hedge funds (long/short equity, global macro, event driven, relative value) and short-term liquidity, in U.S. and foreign, including emerging, markets. At 3/31/2026 the annual report shows 72.6% of net assets in partnership interests (40.2% hedge fund, 32.3% private equity and venture) and 28.4% in global equity mutual funds and an ETF, with $35.2M of unfunded commitments.