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iDirect Private Markets Fund (the “Fund”) is organized as a Delaware statutory trust that commenced operations on July 31, 2015, and is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as a closed-end, non-diversified investment management company. iCapital Registered Fund Adviser LLC (the “Adviser” or “iRFA”), an affiliate of Institutional Capital Network, Inc. (“iCapital”), serves as the Fund’s investment adviser. The Fund currently offers two separate classes of shares of beneficial interest, designated Class A and Class I (each, “Shares”) on a continuous basis at the net asset value (“NAV”) per share plus any applicable sales loads.
News and Notices
iCapital
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'40 Act
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March 31
News and Notices
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1-10 of 115
Notices
Date
Time (ET)
Notice Type
Source
Notice
Jul 17, 2026
16:04
Performance, Redemptions
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iDirect Private Markets Fund reported final tender offer results: the offer expired June 26, 2026, Class A and Class I net asset values were $18.61 and $41.18, and $20.8 million was paid for all valid tenders.
Feb 25, 2024
17:08
Compliance
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iDirect Private Markets Fund reported its 2026 annual proxy voting notice report for the period ended June 30, 2026, with zero series included and Nick Veronis, President of the Trust, signing on August 25, 2026.
Oct 14, 2023
13:26
Fees, Redemptions
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iDirect Private Markets Fund launched a tender offer to repurchase up to 5% of its $1.3 billion net assets. Investors must tender by September 23 and may face a 2% fee on shares held under one year.
Apr 30, 2024
17:20
Performance, Redemptions
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iDirect Private Markets Fund reported final tender offer results: $17.9 million of shares were validly tendered, accepted and paid, with March 31, 2026 net asset values of $18.62 for Class A and $41.15 for Class I.
Feb 28, 2025
17:03
Marketing Materials, Subscriptions
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iDirect Private Markets Fund updated its prospectus to state it has operated as a non-diversified closed-end fund since 2015 and is offering up to $852 million of Class A and Class I shares continuously.
Jan 01, 2025
10:51
Ownership, Personnel
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Secretary Brian Thomas Hourihan disclosed no securities owned in iDirect Private Markets Fund as of June 24, 2026, in an initial ownership disclosure.
Mar 22, 2025
17:07
Marketing Materials, Subscriptions
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iDIRECT Private Markets Fund removed the requirement that prospective investors represent accredited investor status, effective immediately. Investor eligibility criteria no longer include accredited investor references.
Aug 15, 2023
12:23
Fees, Redemptions
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iDirect Private Markets Fund is offering to repurchase up to 5% of net assets, with tenders priced at NAV as of June 30, 2026 and subject to a 2% early repurchase fee for Shares held less than one year. Shareholders may withdraw tenders through June 26, 2026, and accepted Shares will be paid in cash on or before the 65th day after the Notice Date.
Jun 09, 2025
10:16
Performance, Redemptions
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iDirect Private Markets Fund filed a Final Amendment reporting that its tender offer expired on December 26, 2025, and that $19.8 million of Shares were validly tendered, accepted for purchase, and paid for. The Amendment also states the December 31, 2025 net asset values were $18.92 for Class A Shares and $41.75 for Class I Shares.
Sep 13, 2023
12:34
Marketing Materials, Redemptions
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iDirect Private Markets Fund is offering to repurchase up to 5% of net assets at March 31, 2026 NAV, with 40,331,197 Shares outstanding and aggregate NAV of $1.2 billion. Shareholders may tender by March 25, 2026 and withdraw until March 27, 2026.
Preview
iDirect Private Markets Fund
iCapital is responsible for managing iDirect Private Markets Fund.
iDirect Private Markets Fund launched in 2015.
iDirect Private Markets Fund is registered as a '40 Act fund.
iDirect Private Markets Fund is structured as a Tender Offer CEF fund.
You can invest in iDirect 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 iDirect Private Markets Fund daily, subject to eligibility and fund subscription deadlines.
You can redeem shares of iDirect Private Markets Fund quarterly, subject to redemption limits and notice requirements.
Shares of iDirect Private Markets Fund can be purchased in USD.
iDirect Private Markets Fund's fiscal year end is March 31.
iDirect Private Markets Fund's net asset value was $1,261.4 million and its portfolio had a fair value of $1,287 million as of June 30, 2026.
Among other deal types, iDirect Private Markets Fund primarily makes Direct Investments.
Among other asset classes, iDirect Private Markets Fund primarily invests in LBO and Coinvestment Fund Single Asset.
Among other regions, iDirect Private Markets Fund primarily invests Globally.
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