ACAP Strategic Fund
Sponsored by SilverBay/Alkeon. Interval Fund structure focused on multi-strategy.
Interval FundMulti-strategy
- Net assets
- $10.35B
source
Monthly portfolio report (Form N-PORT) · filed 2026-05-26 · period 2026-03-31
Net assets (N-PORT Part B, Item B.2)
Method Direct: read from a structured filing field
Open the filing on SEC.gov · Full observation history
Technical locator
as of 2026-03-31 - NAV / share
- $28.29
source
Semiannual shareholder report (Form N-CSRS) · filed 2026-06-05 · period 2026-03-31
canonical class (Class A) headline, basis: Statement of Assets and Liabilities (direct, not derived) — Statement of Assets and Liabilities: 'Shares issued and outstanding Net Asset Value per share Net Assets Class A 273,640,547 $28.29 $7,740,460,123 Class W 121,028,820 $21.57 $2,610,231,888' (identity: 7,740,460,123/273,640,547 = $28.288..., ties disclosed $28.29; 2,610,231,888/121,028,820 = $21.568..., ties disclosed $21.57). Corroborated by Note 15 'Financial Highlights', two separate tables headed 'Class A' and 'Class W' respectively, each independently showing 'Net asset value per Share, end of period' matching the balance-sheet figures for the six months ended March 31, 2026. Class A is canonical: listed first throughout, ~74.8% of both shares and net assets. Operator-ratified: do NOT blend Class A and Class W (a ~24% structural difference, not fee timing).
“Shares issued and outstanding Net Asset Value per share Net Assets Class A 273,640,547 $ 28.29 $ 7,740,460,123 Class W 121,028,820 $ 21.57 $ 2,610,231,888”
Method Matched text template against the filing
Open the filing on SEC.gov · Full observation history
Technical locator
Class A · as of 2026-03-31 - Net flows, last qtr
- +0.5% qtr ended 2026-03-31
- Distribution coverage (NII)
- Pending Pending
- Leverage in use
- 0% Pending
- Total return, 12m
- Pending SEC-filed periodic NAV + distributions
What changed in the latest filings.
Current findings ordered by severity. Each observation remains traceable to its filed source.
No current Urgent or Notify findings in filings reviewed through 2026-07-21.
Historical findings (2)
Net outflow of 7.9% of NAV in the period ended 2022-12-31.
Management Fee contractually reduced from an annual rate of 2.00% to 1.50%, effective December 18, 2014. (2014-12-18)
How the fund has moved.
Net asset value, total return, capital flows, and distribution coverage across the filing record.
Monthly performance eligibility
Canonical class: not designated · basis: no qualifying monthly chain · qualifying history: 0 months.
What moved inside the book.
Filed portfolio-health facts and position changes. Missing disclosures stay visibly missing.
Pending
Where exit demand met the cap.
The disclosed history shows no rationed period.
Pending
How the balance sheet is funded.
Borrowings, unused capacity, and synthetic exposure are separated so unlike risks do not collapse into one ratio.
Pending
How the offering is divided.
A filed share-class breakdown and terms-based role descriptions. This is not an estimate of who owns the fund.
Class A 74.8%Class W 25.2%
| Class | Terms-based role description | Load | Servicing | Minimum | Assets |
|---|---|---|---|---|---|
| Class A | Pending | Pending | Pending | Pending | $7,740,460,1232026-03-31 |
| Class W | Pending | Pending | Pending | Pending | $2,610,231,8882026-03-31 |
Management fee: 1.50% of avg daily net assets per year, current as of latest filed disclosure. Research only: not used in a fee distribution. SEC source 0001206774-26-000313.
Canonical-class fee profile
| Class | Management | Incentive | Load | Servicing | Gross expenses | Net expenses |
|---|---|---|---|---|---|---|
| not designated | 1.50% | Pending | Pending | Pending | Pending | Pending |
The evidence beneath the page.
Filed terms and recent documents remain available without crowding the primary research flow.
Term register (1)
| Term | Description | Value | Effective |
|---|---|---|---|
| advisory_fee_schedule | Pending | 1.5 pct_annual_of_avg_daily_net_assets | Pending |
Recent filings
| Filed | Form | Accession |
|---|---|---|
| 2026-06-05 | N-CSRS | 0001206774-26-000313 |
| 2026-05-26 | NPORT-P | 0001193125-26-239305 |
| 2026-05-15 | N-23C3A | 0001206774-26-000282 |
| 2026-02-26 | NPORT-P | 0001193125-26-076818 |
| 2026-02-17 | N-23C3A | 0001206774-26-000075 |
| 2025-12-01 | N-CSR | 0001206774-25-000753 |
| 2025-11-25 | NPORT-P | 0001193125-25-297252 |
| 2025-11-17 | N-23C3A | 0001206774-25-000744 |
| 2025-08-28 | NPORT-P | 0001145549-25-056046 |
| 2025-08-15 | N-23C3A | 0001206774-25-000558 |
| 2025-05-29 | N-CSRS | 0001206774-25-000382 |
| 2025-05-28 | NPORT-P | 0001145549-25-033457 |
| 2025-05-16 | N-23C3A | 0001206774-25-000362 |
| 2025-02-26 | NPORT-P | 0001145549-25-010384 |
| 2025-02-14 | N-23C3A | 0001206774-25-000073 |