The Felicitas Private Markets Fund is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940. The fund's primary objective is to deliver a combination of yield and capital appreciation through investments in private equity, private credit, real estate, and liquid assets. It typically invests at least 80% of its net assets in “private assets,” including direct investments in equity or debt, investments in private equity funds, partnerships, and secondary investments in funds managed by independent Underlying Managers. The fund also utilizes co-investment vehicles to enhance its investment strategy. With a focus on long-term growth, the fund targets a diverse range of private assets to optimize returns while maintaining a diversified approach across different sectors.
News and Notices
Felicitas Global Partners
Jul 01, 2023
Tender Offer CEF
'40 Act
Quarterly
Quarterly
USD
June 30
News and Notices
Portfolio Holdings
Portfolio Composition
Growth
Secondary Pricing
Capital Flows
Tender Offers
Share Classes
Returns
Fees
Ownership
Operating Metrics
Notices
Select Date Range
Search
Clear
Per Page
10
Jun 28, 2024
15:55
Marketing Material, Redemption, Subscription
Felicitas Private Markets Fund updated its prospectus for a continuous offering of Class Y and Class I shares, registering up to $175 million. Investors may subscribe quarterly, with $250,000 and $25,000 minimums and discretionary quarterly repurchase offers.
VUDwgr8Wr
Apr 06, 2024
10:02
Redemption
Felicitas Private Markets Fund reported final tender offer results, with Class Y tendered net asset value of $7.4 million as of June 30, 2026, revising total transaction valuation from $5.5 million to $7.4 million.
M8mb7SD
Aug 28, 2025
10:48
Compliance
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.
jM5rW6sv
Jan 18, 2026
14:11
Fee, Redemption
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.
C7qbtjgJG
Mar 16, 2025
17:25
Fee, Marketing Material
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.
DdufzGqc
Apr 30, 2025
10:06
Redemption
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.
uxr9NGRnX
Aug 19, 2025
12:11
Redemption
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.
koRMOLPV7
Nov 15, 2025
12:48
Redemption
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.
dSMRG4rt
May 31, 2024
12:52
Compliance
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.
RRrq5Pr3
Jan 19, 2024
10:53
Marketing Material, Redemption
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.
0fi3IGri
Preview
News
null
Managers
'40 Act in Focus: Felicitas Private Markets Fund
Apr 23, 2025

SecondaryLink dives into the evergreen fund, revealing returns, secondary fund investments, portfolio makeup, and other details.

Felicitas Private Markets Fund
Felicitas Global Partners is responsible for managing Felicitas Private Markets Fund.
Felicitas Private Markets Fund launched in 2022.
Felicitas Private Markets Fund is registered as a '40 Act fund.
Felicitas Private Markets Fund is structured as a Tender Offer CEF fund.
You can invest in Felicitas Private Markets Fund by meeting its eligibility requirements and subscribing through the fund's offering process or an approved platform. Visit their website for more details.
You can invest in Felicitas Private Markets Fund quarterly, subject to eligibility and fund subscription deadlines.
You can redeem shares of Felicitas Private Markets Fund quarterly, subject to redemption limits and notice requirements.
Shares of Felicitas Private Markets Fund can be purchased in USD.
Felicitas Private Markets Fund's fiscal year end is June 30.
Felicitas Private Markets Fund's net asset value was $110.5 million and its portfolio had a fair value of $126.4 million as of March 31, 2026.
Among other deal types, Felicitas Private Markets Fund primarily makes Fund Investments.
Among other asset classes, Felicitas Private Markets Fund primarily invests in Secondary (PE) and LBO.
Among other regions, Felicitas Private Markets Fund primarily invests in the USA.
Felicitas Private Markets Fund charges a 1.50% annual management fee, which is calculated based on NAV.
You can invest in FPYMX shares with a minimum initial investment of $250,000.
You can invest in FPYMX shares with a minimum subsequent investment of $25,000.
You will be subject to paying an early repurchase/redemption fee of 2%.
Felicitas Private Markets Fund's FPYMX share class generated an annualized 1-month return of 4.08% and 2-year return of 3.80% as of December 31, 2025.
WHY JOIN?
Make data-driven decisions, build strategic connections and stay informed with every decision that evergreen funds make. Read More...