Felicitas Private Markets Fund
Investment Objective
The Felicitas Private Markets Fund’s investment objective is to deliver a combination of yield and capital appreciation through a diversified portfolio of private equity, private credit and real estate investments.
Access to the private markets can drive higher expected returns and lower volatility than traditional 60/40 portfolios.
Traditional Portfolio
Traditional Portfolio with Private Markets Exposure
Diversified Private Markets Allocation
Some institutional investors, such as pensions, endowments, and foundations, have abandoned the 60/40 portfolio. Accredited Investors now have access to hand-picked private investments historically available to institutions.
Fund allocations are subject to change and should not be considered recommendations to buy or sell any security. There can be no guarantee the Fund’s ultimate composition will reflect the above targets. Diversification does not assure a profit nor protect against loss in a declining market.
Uncovering Value
Some investors buy assets at market prices via highly competitive auctions. The Felicitas Private Markets Fund seeks to buy assets at below market prices in “off-market” transactions with a focus on buying directly or through partnering with fund managers that are aligned in investment philosophy. It targets distressed situations not distressed companies.
Our rigorous and streamlined investment process, coupled with proactive monitoring, best positions investments to achieve targeted returns with a high level of certainty.
High-Quality
Healthy companies with conservative valuations, low-levels of leverage and performing assets.
Complex
Bespoke financing solutions, structural complexities and hard-to-underwrite assets, which are often in niche segments of the market.
Small
<$1B fund and <$20M deals, should result in less intermediation, lower trading multiples/pricing.
Fund Highlights
We leverage long-standing relationships, with a reputation as a fair and nimble counterparty, giving investors access to source high-quality, proprietary deal flow with less competition.
We conduct an initial screening to assess attractiveness of opportunity and fit within investment mandates.
We conduct extensive commercial, financial and operational due diligence of both the assets and counterparties.
We seek processes and information advantages in order to assess underlying assets.
A methodical and efficient investment approach, combined with proactive oversight, optimally situates investments to realize targeted returns with a strong assurance of success.
Access to hundreds of line item private investments with typically no direct/indirect asset exposure >3%.
Potential Benefits of A Tender Offer Fund
The Felicitas Private Markets Fund is a 1940 Act, closed-end tender offer fund that seeks to invest in a portfolio of private market offerings. Traditionally, access to these investments have only been available to institutional investors through high-minimum, complex and paperwork-laden private placement vehicles. Today, the Felicitas Private Markets Fund provides accredited investors access to such investments with a quarterly NAV, an intended quarterly repurchase program, no performance fees and simple 1099 tax reporting.
An investor should consider the Fund’s investment objectives, risks, and charges and expenses carefully before investing or sending money. This and other important information can be found in the Fund’s prospectus, a copy of which may be obtained here on our website or by calling Skypoint Capital Advisors at (888) 884-8810. Please read the prospectus carefully before investing.
Investment in the Felicitas Private Markets Fund is speculative and involves substantial risks, including the risk of loss of a Shareholder’s entire investment. Investors may not have immediate access to invested capital for an indefinite period of time and must have the financial ability, sophistication/experience, and willingness to bear the risks of an illiquid investment. No public market for Shares exists, and none is expected to develop in the future. An investor’s participation in the Fund is a long-term commitment, with no certainty of return. The Fund is a newly organized, non-diversified, closed-end management investment company with no operating history, and is subject to business risk and uncertainties, including the risk that the Fund will not achieve its investment objectives. The Investment portfolio of the Fund may be subject to rapid change in value than would be the case if the Fund were to maintain a wide diversification amount securities or industry sectors. By investing in Investment Funds indirectly through the Fund, the investor bears asset-based fees and performance-based fees and allocations.
The Fund’s success depends on the acumen and expertise of the Sub–Adviser in selecting Investment Funds and the acumen and expertise of the Underlying Managers in selecting portfolio securities or other assets in which to invest. The strategies implemented by the Underlying Managers typically are leveraged. The use of leverage increases both risk of loss and profit potential.
Many of the Investments by Investment Funds will involve private securities and, therefore, may include significant risks not otherwise present in public market investments. The Investment Funds’ investments may involve highly speculative investment techniques, including highly concentrated portfolios, investments in unproven technologies, less-developed companies, control positions and illiquid investments. The Fund and the Investment Funds may invest in loans that a face exposure to adverse business, financial or economic conditions which could lead to the issuer’s inability to meet timely interest and principal payments. Loans involve the risk that the obligor either cannot or will not fulfill its obligations under the terms of the loan documents. In evaluating credit risk, the Sub-Adviser and the Underlying Managers will often rely upon information provided by the obligor, which may be materially inaccurate or fraudulent. The value of companies investing in real estate is affected by, among other things: (i) changes in general economic and market conditions; (ii) changes in the value of real estate properties;(iii) risks related to local economic conditions; overbuilding and increased competition; (iv) increases in property taxes and operating expenses; (v) changes in zoning laws; (vi) casualty and condemnation losses; (vii) variations in rental income, neighborhood values or the appeal of property to tenants; (viii) the availability of financing and (ix) changes in interest rates. Many real estate companies utilize leverage, which increases investment risk and could adversely affect a company’s operations and market value in periods of rising interest rates. There can be no assurance of profitable operations for any private equity investment or real estate property or the repayment of any debt investment.
The Felicitas Private Market Fund is distributed by Distribution Services, LLC (DS). Check the background of Distribution Services on FINRA’s BrokerCheck. DS is not affiliated with Skypoint Capital Advisors, LLC or Felicitas Global Partners, LLC. Skypoint Capital Advisors, LLC (“Adviser”) is an SEC-registered investment adviser offering financial advisors access to investment managers with experience in alternative asset classes. Registration does not imply a certain level of skill or training.