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Cashmere Fund is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940 that operates as an interval fund and continuously offers its shares. Its investment objective is to achieve capital growth primarily through investments in equity securities of private growth-stage companies and, to a lesser extent, interests in venture capital funds. The Fund may invest directly in portfolio companies or acquire interests on the secondary market and seeks to target companies with involvement from influential venture investors. It also holds liquid assets for cash management and may invest globally across various regions. The Fund is advised by Sweater Industries LLC and subadvised by Forma Cashmere LLC, doing business as Cashmere LLC. The Fund charges a 2.50% annual management fee and has implemented an expense cap of 5.90% through August 15, 2026. Shares may only be purchased through the Fund’s dedicated web application.
News and Notices
Sweater Ventures
2022
'40 Act
Interval CEF
USD
Quarterly
Daily
2.50%
March 31
News and Notices
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Tender Offers
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1-10 of 63
Notices
Date
Time (ET)
Notice Type
Source
Notice
Nov 06, 2025
15:29
Compliance
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Cashmere Fund reported its 2026 annual proxy voting notice covering the year ended June 30, 2026, with no series listed and no explanatory information provided.
Jul 29, 2024
17:27
Marketing Materials, Redemptions, Subscriptions
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Cashmere Fund updated its prospectus for a continuous offering, reporting $16.6 million of net assets and $24.27 net asset value per share. Investors may buy with a $500 minimum, with liquidity limited to semiannual 5% repurchase offers.
Aug 28, 2025
12:16
Fees, Redemptions
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Cashmere Fund announced a semiannual repurchase offer for up to 5% of outstanding shares at net asset value, with requests due August 27, 2026. Shareholders tendering through the web application may face proration and 0.5%–2.0% early repurchase fees.
Dec 24, 2024
14:50
Redemptions, Subscriptions
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Cashmere Fund reported $2.4 million of securities sold, $1.6 million redeemed or repurchased, and $797,555 of net sales for the fiscal year ended March 31, 2026. The fund owes a $110 registration fee and has no redemption credits available for future years.
Apr 12, 2026
10:13
Compliance
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Cashmere Fund’s Board of Trustees approved resolutions on February 5, 2026 authorizing the Fund’s Officers to obtain and maintain the fidelity bond coverage required under Rule 17g-1.
Dec 28, 2023
10:26
Redemptions
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Cashmere Fund announced a semiannual repurchase offer to buy back up to 5% of its issued and outstanding shares at NAV, with requests due by February 27, 2026. If tenders exceed that amount, the Fund may repurchase up to an additional 2% of outstanding shares and otherwise will prorate.
Feb 11, 2025
15:58
Fees, Marketing Materials
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Cashmere Fund updated its fees and expenses to show total annual expenses of 9.48%, or 4.99% after the fee waiver, and lowered the contractual operating expense cap to 4.85% through December 11, 2026. Investors are subject to a 2.00% early repurchase fee on Shares repurchased within 185 days.
Jan 09, 2024
17:14
Fees, Marketing Materials
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Cashmere Fund updated its fee table to show 9.48% total annual expenses and 4.99% after waivers, with an early repurchase fee of 2.00% on Shares redeemed within 185 days. Effective November 1, 2025, the Adviser will cap operating expenses at 4.85% through November 1, 2026, subject to reimbursement terms.
Oct 08, 2023
17:19
Compliance, Personnel
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Cashmere Fund reported a Fund Notice Report with no series listed for the 2025 reporting year. Gordon Jones, Principal Financial Officer & Treasurer, signed the notice.
Apr 29, 2025
17:31
Marketing Materials, Redemptions, Subscriptions
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Cashmere Fund updated its prospectus and SAI to reflect its continuous offering of Shares at NAV, semiannual repurchases of 5% of outstanding Shares, and an expense cap of 5.90% through August 15, 2026. Investors should note Shares remain illiquid and nonexchange-listed, with repurchase requests processed through the Web App.
Preview
Cashmere Fund
Sweater Ventures is responsible for managing Cashmere Fund.
Cashmere Fund launched in 2022.
Cashmere Fund is registered as a '40 Act fund.
Cashmere Fund is structured as a Interval CEF fund.
You can invest in Cashmere 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 Cashmere Fund daily, subject to eligibility and fund subscription deadlines.
You can redeem shares of Cashmere Fund quarterly, subject to redemption limits and notice requirements.
Shares of Cashmere Fund can be purchased in USD.
Cashmere Fund's fiscal year end is March 31.
Cashmere Fund's net asset value was $16.9 million and its portfolio had a fair value of $16.6 million as of June 30, 2026.
Among other deal types, Cashmere Fund primarily makes Direct Investments.
Among other asset classes, Cashmere Fund primarily invests in Short-Term and VC.
Among other regions, Cashmere Fund primarily invests in the USA.
Cashmere Fund charges a 2.50% annual management fee, which is calculated based on NAV.
You can invest in SWTRX shares with a minimum initial investment of $500.
You can invest in SWTRX shares with a minimum subsequent investment of $50.
You will be subject to paying an early repurchase/redemption fee of 2%.
Cashmere Fund's SWTRX share class generated an annualized 1-month return of 2.06% and since-inception return of 5.56% as of March 31, 2026.
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