Felicitas Private Markets Fund reported its annual proxy voting record for the year ended June 30, 2026, with zero other included managers and zero series.

Felicitas Private Markets Fund offered to repurchase Class Y shares up to 5% of net assets, or $5.2 million, at September 30, 2026 net asset value, with instructions due September 15 and a 2% fee for holdings under one year.

Felicitas Private Markets Fund reduced its expense limitation from 2.25% to 1.50% through October 31, 2027, effective July 1, 2026. Net annual expenses are 4.13% for Class Y shares and 4.28% for Class I shares.

Felicitas Private Markets Fund reported tender offer results: $2.3 million of Class Y shares were valued as of March 31, 2026, with payments wired May 26, 2026 and contingent payments due after the August 2026 audit.

Felicitas Private Markets Fund is offering to repurchase up to 5% of net assets, or about $5.45 million and 263,808 Class Y Shares, at net asset value based on June 30, 2026 pricing. Shareholders may tender by June 16, 2026 and accepted holders will receive cash through a promissory note, with 95% paid initially if all Shares are repurchased.

Felicitas Private Markets Fund filed a final amendment reporting results of its tender offer to repurchase up to $5.6 million of Class Y Shares. The filing states that accepted tenders were valued at $858,759 and paid through promissory notes, with a cash payment on February 25, 2026 and a contingent Post-Audit Payment after the August 2026 audit.

Variant Alternative Income Fund renewed joint fidelity bond coverage with Hartford Fire Insurance for $2.5 million from December 31, 2025 to December 31, 2026. Participating funds share premiums and claim recoveries under the joint insured agreement.

Felicitas Private Markets Fund is offering to repurchase up to approximately 5.00% of net assets, or about $5.5 million and 257,304 Class Y Shares, at NAV based on a March 31, 2026 valuation date. Shareholders who tender accepted Shares will receive cash through a promissory note, with 95% paid initially and any balance after the annual audit.

Felicitas Private Markets Fund filed a final amendment reporting its tender offer results, stating that Class Y Shares tendered had a September 30, 2025 NAV of $4.4 million. Accepted shareholders were paid through promissory notes, with at least 95% wired on November 21, 2025 and any post-audit amount due after the August 2026 annual audit.

Felicitas Private Markets Fund is offering to repurchase up to approximately 5.00% of net assets, or about $5.6 million and 267,384 Class Y Shares, at NAV using a December 31, 2025 valuation date. Shareholders who tender accepted Shares will receive a promissory note, with at least 95% paid in cash within 65 days and any balance after the next annual audit.