Felicitas Private Markets Fund

Fund Facts

Current Subscription Period Ends  3/25/2025

Inception Date

06/30/2023

Tickers

FPMYX

FPMIX

Management Fee

1.50%

1.50%

Net Expense Ratio

2.25%

2.40%

Gross Expense Ratio

6.79%

6.94%(a)

NAV

$20.69(d)

Repurchase WIndow

Quarterly (b)

Distribution Frequency

Annual (c)

Minimum Investment

Class Y - $250,000
Class I - $25,000

Tax reporting

1099

Access

Accredited Investors

Fund AUM

115.3MM(d)

(a) The Fund’s adviser has contractually agreed to waive fees and/or pay operating expenses, excluding taxes, interest, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses, such that total expenses do not exceed 2.25% for the Y share and 2.40% for the I share. The Expense Limitation and Reimbursement Agreement may not be terminated before 7/1/2025 and thereafter may be terminated by the Fund or the Investment Adviser upon 30 days’ written notice. Unless it is terminated, the Agreement automatically renews for consecutive one-year terms.

(b) The Fund is not a liquid investment. No Shareholder will have the right to require the Fund to redeem its Shares. At the discretion of the Board and provided that it is in the best interests of the Fund and the Shareholders to do so, the Fund intends to, but is not obligated to, provide a limited degree of liquidity to the Shareholders by conducting repurchase offers generally quarterly.

(c) The amount of distributions that the Fund may pay, if any, is uncertain. The Fund may pay distributions in a significant part from sources that may not be available in the future and that are unrelated to the Fund’s performance.

(d) As of 12/31/2024

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.