US / Tender-offer fund
Innovation Access Fund
OpenAI / PRIVATE SHARES
Not established
Net assets · 30 Jun 2026
Anthropic / PRIVATE SHARES
Anthropic33.08%
Net assets · 30 Jun 2026
Fair value: $68,188,509
Meets the 5% screen at the cited valuation date.
PORTFOLIO / 30 Jun 2026
What the fund owns
Complete asset-class reconciliation; Anthropic broken out.
Basis: Net assets
| Company / asset | Fair value (USD) | Allocation |
|---|---|---|
Anthropic | $68,188,509 | 33.08% |
| $5,260,578 | 2.55% | |
| $51,768,901 | 25.12% | |
| $179,387,320 | 87.03% | |
| $15,820 | 0.01% | |
| $-98,507,939 | -47.79% |
Only disclosed positions or categories are shown. No missing allocation is labelled cash or “other” by inference. Rounding can prevent totals from equalling 100%.
CALCULATION & INTERPRETATION
How this allocation is established
($28,411,486 + $39,777,023) ÷ $206,113,189 × 100 = 33.0830%. Both Anthropic positions are restricted private securities.
Full research methodologyCaveats that matter
- Gross securities exceed NAV: liabilities offset the asset total. This is not an unlevered 100% portfolio pie.
- Illiquid private valuations and restricted redemptions can affect access to capital.
- OpenAI weight is not established by the reviewed schedule.