SANTA BARBARA, Calif.--()--Robert Boulware, Chairman of the Board of Trustees of The Private Shares Fund, has been appointed as a Lecturer at the University of California, Santa Barbara (UCSB), where he has developed the syllabus and course content for TMP191VC: Venture Capital and Private Equity. This undergraduate course, launching in the Winter Quarter 2025, will be the first at UCSB to focus on the role of private capital in driving innovation and economic growth, and is offered by the Department of Technology Management.

TMP191VC: Venture Capital and Private Equity will equip undergraduate students with practical knowledge and industry insights, covering:

  • Venture capital and private equity fund structures
  • Capital formation and fundraising strategies
  • Valuation methodologies and financial modeling
  • Deal sourcing, due diligence, and risk management
  • The role of secondary markets and pre-IPO investment strategies
  • Emerging trends in private markets and alternative assets

The course will feature case studies, industry guest speakers, and analysis of real-world deals, giving students practical exposure to investment decision-making. Through this course, students will gain the skills to pursue careers in investment management, venture capital, private equity, and financial services.

ABOUT THE PRIVATE SHARES FUND

The Private Shares Fund is registered under the Investment Company Act of 1940 as a closed-end interval fund that seeks to invest in a portfolio of private, late-stage, growth companies. While traditionally, such access to private companies has only been available to institutional and high net worth investors through high minimum, complex and paperwork laden private placement vehicles, the Fund provides access to such companies, with a daily Net Asset Value (NAV), a quarterly repurchase program, no performance fees and simple 1099 tax reporting. Formerly named the Sharespost 100 Fund, the Fund changed its name to The Private Shares Fund on April 30, 2021.

Although the Fund has a quarterly repurchase program, due to transfer restrictions and the illiquid nature of the Fund’s investments, you may not be able to sell your shares when, or in the amount that, you desire.

Although there are no performance fees, other fees and expenses are involved with investing in the Fund. Please refer to the prospectus for more information.

Important Disclosure

Investors should consider the investment objective, risks, charges and expenses carefully before investing. For a prospectus with this and other information about The Private Shares Fund (the "Fund"), please download here, or call 1-855-551-5510. Read the prospectus carefully before investing.

The investment minimums are $2,500 for the Class A Share and Class L Share, and $1,000,000 for the Institutional Share.

Investment in the Fund involves substantial risk. The Fund is not suitable for investors who cannot bear the risk of loss of all or part of their investment. The Fund is appropriate only for investors who can tolerate a high degree of risk and do not require a liquid investment. The Fund has no history of public trading and investors should not expect to sell shares other than through the Fund's repurchase policy regardless of how the Fund performs. The Fund does not intend to list its shares on any exchange and does not expect a secondary market to develop.

All investing involves risk including the possible loss of principal. Shares in the Fund are highly illiquid, and can be sold by shareholders only in the quarterly repurchase program of the Fund which allows for up to 5% of the Fund's outstanding shares at NAV to be redeemed each quarter. Due to transfer restrictions and the illiquid nature of the Fund's investments, you may not be able to sell your shares when, or in the amount that, you desire. The Fund intends to primarily invest in securities of private, late-stage, venture-backed growth companies. There are significant potential risks relating to investing in such securities. Because most of the securities in which the Fund invests are not publicly traded, the Fund's investments will be valued by Liberty Street Advisors, Inc. (the "Investment Adviser") pursuant to fair valuation procedures and methodologies adopted by the Board of Trustees. While the Fund and the Investment Adviser will use good faith efforts to determine the fair value of the Fund's securities, value will be based on the parameters set forth by the prospectus. As a consequence, the value of the securities, and therefore the Fund's NAV, may vary.

There are significant potential risks associated with investing in venture capital and private equity-backed companies with complex capital structures.

This is not a complete enumeration of the Fund's risks. Please read the Fund prospectus for other risk factors related to the Fund.

The Fund may not be suitable for all investors. Investors are encouraged to consult with appropriate financial professionals before considering an investment in the Fund.

The Private Shares Fund is distributed by FORESIDE FUND SERVICES, LLC