Liberty Street Advisors and SP Investments Management Agree to Support the Transition of Liberty Street Advisors as the Investment Advisor to the SharesPost 100 Fund
Liberty Street Advisors and SP Investments Management Agree to Support the Transition of Liberty Street Advisors as the Investment Advisor to the SharesPost 100 Fund
09/08/20, 5:13 PM
Location
new york Liberty Street Advisors, Inc. ("LSA") today announced it has entered into a transition support services agreement with SP Investments Management, LLC ("SPIM") to facilitate LSA becoming the investment advisor to the SharesPost 100 Fund (the "Fund")(Tickers: PIIVX, PRIVX, PRLVX). The Fund is a non-diversified, closed end interval fund investing in private, late-stage, venture-backed, growth companies. The transaction, which is subject to customary closing conditions, including the approval of the Fund's Board of Trustees ("Board") and shareholders, is expected to close in the fourth quarter of this year.
Company Info
Company
Liberty Street Advisors
Location
new york, new york, united states
Additional Info
Liberty Street Advisors, Inc. ("LSA") is an SEC registered investment advisor managing mutual funds sub-advised by unaffiliated asset managers. The firm is located in New York City and launched its first fund in 2007. Liberty Street provides access to valuable and timely investment strategies designed to help investors and financial advisors meet the challenges of today's market environment. In 2010, LSA, serving as its investment advisor, created the Center Coast MLP Focus Fund ("CCCNX"), one of the first open-ended mutual funds to specialize in midstream master limited partnerships. Marketed by LSA's affiliate, HRC Fund Associates, CCCNX, at its high point, amassed over $3 billion in assets under management ("AUM"). In 2018, Brookfield Asset Management's Public Securities Group acquired CCCNX's sub-advisor and became CCCNX's new investment advisor. At present, LSA manages 4 mutual funds with AUM, as of August 31, 2020, of over $1 billion.