The SEC application would allow ARK-advised funds to add exchange-listed and tokenized share classes, giving investors another way to access the secondary market.
The SEC application follows similar relief granted to ARK Venture Fund last month and could give investors additional liquidity outside scheduled repurchase offers.
Harrison Street's process sold 91% of shares offered, with 41% transacting at a 15% discount to NAV versus the 20% initially requested.
The Ethereum-based share class follows SEC relief that gives investors in the interval fund another liquidity channel.
The two interval funds give wealth management clients access to private equity, including secondaries and co-investments.
ARK has outlined plans to list Class X shares on the Texas Stock Exchange under ARKV and offer a separate tokenized class, providing investors with additional liquidity options.
We highlight key features of the newly registered interval fund, which will combine public growth investments with private-market exposure, including secondaries and co-investments.
The vehicle will invest across private equity, alternative & direct credit, and hedged strategies, including primary and secondary private fund interests.
The collaboration with LODAS Markets will first provide an additional liquidity pathway to investors of Harrison Street AM semi-liquid evergreen funds.
The closed-end interval fund provides retail investors with access to venture capital starting at $500.
