Bow River Capital Evergreen Fund

Data through 2026-04-24 · latest filing SC TO-I filed 2026-07-24

Sponsored by Bow River. Tender-Offer Fund structure focused on private equity.

Tender-Offer FundPrivate Equity

Sponsor: Bow River
CIK: 0001810256
Liquidity: Semiannual tender offers
Inception: 2021

Net assets: $1.21B

source

Monthly portfolio report (Form N-PORT) · filed 2026-05-27 · 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

NPORT-P netAssets | https://www.sec.gov/Archives/edgar/data/1810256/000119312526241084/xslFormNPORT-P_X01/primary_doc.xml
NAV / share: $55.17

source

Shareholder report (Form N-CSR) · filed 2026-06-05 · period 2026-03-31

financial-highlights end-of-period NAV (fallback)

“Net Asset Value, end of period $ 55.17”

Method Matched text template against the filing

Open the filing on SEC.gov · Full observation history

Technical locator

https://www.sec.gov/Archives/edgar/data/1810256/000121390026065701/ea0288636-01_ncsr.htm | financial-highlights end-of-period NAV (fallback)
Net flows, last qtr: +5.4%
Distribution coverage: Not reported
Leverage in use: Unlevered
Total return, 12m: Pending

01 / Signals

What changed in the latest filings.

Current findings ordered by severity. Each observation remains traceable to its filed source.

Yellow flag

Proposal 1 put to shareholder vote: Approval Of A New Advisory Agreement. (2026-07-20)

Proposal 1 put to shareholder vote: Approval Of A New Advisory Agreement.

Why it matters and what changed

The contract between the fund and its manager changed. Advisory agreements set the economics and the duty of care shareholders actually get; even technical amendments deserve a read for fee or termination-provision drift.

Occurrence event; see the filing text for terms vs the prior arrangement.

Source: https://www.sec.gov/Archives/edgar/data/1810256/000121390026079496/ea0298419-01_def14a.htm | DEF 14A Proposal 1

Yellow flag

Proposal 2 put to shareholder vote: Approval Of A New Sub-Advisory Agreement. (2026-07-20)

Proposal 2 put to shareholder vote: Approval Of A New Sub-Advisory Agreement.

Why it matters and what changed

The firm doing the actual investing changed. A subadviser swap can shift strategy, process, and track record even when the headline manager stays the same.

Occurrence event; see the filing text for terms vs the prior arrangement.

Source: https://www.sec.gov/Archives/edgar/data/1810256/000121390026079496/ea0298419-01_def14a.htm | DEF 14A Proposal 2

Historical findings (2)

Proposal 1 put to shareholder vote: To Approve The Investment Consultant Agreement With Apogem. (2024-10-01)
Proposal 1 put to shareholder vote: To Approve The Investment Consultant Agreement With Apogem. The Addition Of Apogem Will Not Result In An Increase In The Total Management Fee.

Proposal 1 put to shareholder vote: Approval Of A New Advisory Agreement. (2023-11-21)
Proposal 1 put to shareholder vote: Approval Of A New Advisory Agreement.

02 / Trends

How the fund has moved.

Net asset value, total return, capital flows, and distribution coverage across the filing record.

NAV per share

Net capital flows, % of NAV

Filed performance

Window	Class	Basis	Return	Source
2025-04-01 to 2026-03-31 fiscal year · annualization not stated	Class I	basis not stated in the filed row Includes the filed waiver/reimbursement return note Filed return footnote 4 Total returns are a measure of the change in value of an investment in the Fund over the period covered, which assumes any dividends and capital gain distributions are reinvested in shares of the Fund. Returns shown do not include payment of a 2.00% early repurchase fee for shares redeemed within 365 days of purchase. If the early repurchase fee was included, total returns would have been lower. Returns would have been lower if certain expenses had not been waived or reimbursed by Bow River Advisers, LLC (the “Adviser”).	+13.00%	SEC source 0001213900-26-065701 N-CSR filed 2026-06-05
2024-04-01 to 2025-03-31 fiscal year · annualization not stated	Class I	basis not stated in the filed row Includes the filed waiver/reimbursement return note Filed return footnote 5 Total returns are a measure of the change in value of an investment in the Fund over the period covered, which assumes any dividends and capital gain distributions are reinvested in shares of the Fund. Returns shown do not include payment of a 2.00% early repurchase fee for shares redeemed within 365 days of purchase. If the early repurchase fee was included, total returns would have been lower. Returns would have been lower if certain expenses had not been waived or reimbursed by the Adviser.	+13.11%	SEC source 0001213900-25-052594 N-CSR filed 2025-06-09
2024-04-01 to 2024-09-30 semiannual · annualization not stated	Class I	basis not stated in the filed row Includes the filed waiver/reimbursement return note Filed return footnote 5 Total returns are a measure of the change in value of an investment in the Fund over the period covered, which assumes any dividends and capital gain distributions are reinvested in shares of the Fund. Returns shown do not include payment of a 2.00% early repurchase fee for shares redeemed within 365 days of purchase. If the early repurchase fee was included, total returns would have been lower. Returns would have been lower if certain expenses had not been waived or reimbursed by the Adviser.	+6.74%	SEC source 0001213900-24-105953 N-CSRS filed 2024-12-05
2023-04-01 to 2024-03-31 fiscal year · annualization not stated	Class I	basis not stated in the filed row Includes the filed waiver/reimbursement return note Filed return footnote 5 Total returns are a measure of the change in value of an investment in the Fund over the period covered, which assumes any dividends and capital gain distributions are reinvested in shares of the Fund. Returns shown do not include payment of a 2.00% early repurchase fee for shares redeemed within 365 days of purchase. If the early repurchase fee was included, total returns would have been lower. Returns would have been lower if certain expenses had not been waived or reimbursed by the Adviser.	+12.77%	SEC source 0001213900-24-050883 N-CSR filed 2024-06-10
2023-04-01 to 2023-09-30 semiannual · annualization not stated	Class I	basis not stated in the filed row Includes the filed waiver/reimbursement return note Filed return footnote 5 Total returns are a measure of the change in value of an investment in the Fund over the period covered, which assumes any dividends and capital gain distributions are reinvested in shares of the Fund. Returns shown do not include payment of a 2.00% early repurchase fee for shares redeemed within 365 days of purchase. If the early repurchase fee was included, total returns would have been lower. Returns would have been lower if certain expenses had not been waived or reimbursed by the Adviser.	+3.87%	SEC source 0001213900-23-092838 N-CSRS filed 2023-12-05

Derived

Window	Class	Basis	Return	Method & constituents
2025-01-01 to 2025-12-31 trailing 12m	Class I	manager-reported net return	+14.62%	chained from manager-reported monthly returns Calculation & filed sources compound (1 + 0.500000000000/100) × (1 + 2.150000000000/100) × (1 + 1.820000000000/100) × (1 + 0.810000000000/100) × (1 + 1.410000000000/100) × (1 + 0.040000000000/100) × (1 + -0.200000000000/100) × (1 + 1.910000000000/100) × (1 + 0.660000000000/100) × (1 + 1.250000000000/100) × (1 + 3.190000000000/100) × (1 + 0.240000000000/100) - 1 = 14.623476723973% filed return · 2025-01-01 to 2025-01-31 · filed return · 2025-02-01 to 2025-02-28 · filed return · 2025-03-01 to 2025-03-31 · filed return · 2025-04-01 to 2025-04-30 · filed return · 2025-05-01 to 2025-05-31 · filed return · 2025-06-01 to 2025-06-30 · filed return · 2025-07-01 to 2025-07-31 · filed return · 2025-08-01 to 2025-08-31 · filed return · 2025-09-01 to 2025-09-30 · filed return · 2025-10-01 to 2025-10-31 · filed return · 2025-11-01 to 2025-11-30 · filed return · 2025-12-01 to 2025-12-31 ·
2024-12-01 to 2025-11-30 trailing 12m	Class I	manager-reported net return	+14.81%	chained from manager-reported monthly returns Calculation & filed sources compound (1 + 0.400000000000/100) × (1 + 0.500000000000/100) × (1 + 2.150000000000/100) × (1 + 1.820000000000/100) × (1 + 0.810000000000/100) × (1 + 1.410000000000/100) × (1 + 0.040000000000/100) × (1 + -0.200000000000/100) × (1 + 1.910000000000/100) × (1 + 0.660000000000/100) × (1 + 1.250000000000/100) × (1 + 3.190000000000/100) - 1 = 14.806435186421% filed return · 2024-12-01 to 2024-12-31 · filed return · 2025-01-01 to 2025-01-31 · filed return · 2025-02-01 to 2025-02-28 · filed return · 2025-03-01 to 2025-03-31 · filed return · 2025-04-01 to 2025-04-30 · filed return · 2025-05-01 to 2025-05-31 · filed return · 2025-06-01 to 2025-06-30 · filed return · 2025-07-01 to 2025-07-31 · filed return · 2025-08-01 to 2025-08-31 · filed return · 2025-09-01 to 2025-09-30 · filed return · 2025-10-01 to 2025-10-31 · filed return · 2025-11-01 to 2025-11-30 ·
2024-11-01 to 2025-10-31 trailing 12m	Class I	manager-reported net return	+12.54%	chained from manager-reported monthly returns Calculation & filed sources compound (1 + 1.150000000000/100) × (1 + 0.400000000000/100) × (1 + 0.500000000000/100) × (1 + 2.150000000000/100) × (1 + 1.820000000000/100) × (1 + 0.810000000000/100) × (1 + 1.410000000000/100) × (1 + 0.040000000000/100) × (1 + -0.200000000000/100) × (1 + 1.910000000000/100) × (1 + 0.660000000000/100) × (1 + 1.250000000000/100) - 1 = 12.536785726393% filed return · 2024-11-01 to 2024-11-30 · filed return · 2024-12-01 to 2024-12-31 · filed return · 2025-01-01 to 2025-01-31 · filed return · 2025-02-01 to 2025-02-28 · filed return · 2025-03-01 to 2025-03-31 · filed return · 2025-04-01 to 2025-04-30 · filed return · 2025-05-01 to 2025-05-31 · filed return · 2025-06-01 to 2025-06-30 · filed return · 2025-07-01 to 2025-07-31 · filed return · 2025-08-01 to 2025-08-31 · filed return · 2025-09-01 to 2025-09-30 · filed return · 2025-10-01 to 2025-10-31 ·
2024-10-01 to 2025-09-30 trailing 12m	Class I	manager-reported net return	+11.46%	chained from manager-reported monthly returns Calculation & filed sources compound (1 + 0.280000000000/100) × (1 + 1.150000000000/100) × (1 + 0.400000000000/100) × (1 + 0.500000000000/100) × (1 + 2.150000000000/100) × (1 + 1.820000000000/100) × (1 + 0.810000000000/100) × (1 + 1.410000000000/100) × (1 + 0.040000000000/100) × (1 + -0.200000000000/100) × (1 + 1.910000000000/100) × (1 + 0.660000000000/100) - 1 = 11.458655532274% filed return · 2024-10-01 to 2024-10-31 · filed return · 2024-11-01 to 2024-11-30 · filed return · 2024-12-01 to 2024-12-31 · filed return · 2025-01-01 to 2025-01-31 · filed return · 2025-02-01 to 2025-02-28 · filed return · 2025-03-01 to 2025-03-31 · filed return · 2025-04-01 to 2025-04-30 · filed return · 2025-05-01 to 2025-05-31 · filed return · 2025-06-01 to 2025-06-30 · filed return · 2025-07-01 to 2025-07-31 · filed return · 2025-08-01 to 2025-08-31 · filed return · 2025-09-01 to 2025-09-30 ·
2024-09-01 to 2025-08-31 trailing 12m	Class I	manager-reported net return	+12.05%	chained from manager-reported monthly returns Calculation & filed sources compound (1 + 1.190000000000/100) × (1 + 0.280000000000/100) × (1 + 1.150000000000/100) × (1 + 0.400000000000/100) × (1 + 0.500000000000/100) × (1 + 2.150000000000/100) × (1 + 1.820000000000/100) × (1 + 0.810000000000/100) × (1 + 1.410000000000/100) × (1 + 0.040000000000/100) × (1 + -0.200000000000/100) × (1 + 1.910000000000/100) - 1 = 12.045513146342% filed return · 2024-09-01 to 2024-09-30 · filed return · 2024-10-01 to 2024-10-31 · filed return · 2024-11-01 to 2024-11-30 · filed return · 2024-12-01 to 2024-12-31 · filed return · 2025-01-01 to 2025-01-31 · filed return · 2025-02-01 to 2025-02-28 · filed return · 2025-03-01 to 2025-03-31 · filed return · 2025-04-01 to 2025-04-30 · filed return · 2025-05-01 to 2025-05-31 · filed return · 2025-06-01 to 2025-06-30 · filed return · 2025-07-01 to 2025-07-31 · filed return · 2025-08-01 to 2025-08-31 ·

Figures are reproduced from filed disclosures with their exact window, class, and stated basis. They are separate from the calculated NAV-plus-distributions index and from manager-source monthly returns.

Manager-reported performance

Manager-reported; not from SEC filings. These exact-window values appear only where no SEC-filed or SEC-derived observation covers the same fund, canonical class, and window.

Why manager and SEC returns may differ

Manager fact-sheet returns use the Class I shareholder-transaction performance series. The fund's audited SEC Financial Highlights use GAAP financial-reporting NAVs, which the filing says may differ from shareholder-transaction NAVs and returns. Fontris Alts uses the audited SEC return where the same period is available.

Window	Class	Return	Manager source
Jun 1–Jun 30, 2026	Class I	+1.30%	Bow River source Citation and archived evidence Retrieved 2026-08-04T17:43:19.660068+00:00 Archived-content SHA-256: `00a6de7f2e4a62371aa58dab6a39fd9ae4962d3f18168fcd168d75282e695e2b` View evidence excerpt
May 1–May 31, 2026	Class I	+0.72%	Bow River source Citation and archived evidence Retrieved 2026-08-04T17:43:19.660068+00:00 Archived-content SHA-256: `00a6de7f2e4a62371aa58dab6a39fd9ae4962d3f18168fcd168d75282e695e2b` View evidence excerpt
Apr 1–Apr 30, 2026	Class I	+0.34%	Bow River source Citation and archived evidence Retrieved 2026-08-04T17:43:19.660068+00:00 Archived-content SHA-256: `00a6de7f2e4a62371aa58dab6a39fd9ae4962d3f18168fcd168d75282e695e2b` View evidence excerpt
Mar 1–Mar 31, 2026	Class I	+0.39%	Bow River source Citation and archived evidence Retrieved 2026-08-04T17:43:19.660068+00:00 Archived-content SHA-256: `00a6de7f2e4a62371aa58dab6a39fd9ae4962d3f18168fcd168d75282e695e2b` View evidence excerpt
Feb 1–Feb 28, 2026	Class I	+0.69%	Bow River source Citation and archived evidence Retrieved 2026-08-04T17:43:19.660068+00:00 Archived-content SHA-256: `00a6de7f2e4a62371aa58dab6a39fd9ae4962d3f18168fcd168d75282e695e2b` View evidence excerpt
Jan 1–Jan 31, 2026	Class I	+1.20%	Bow River source Citation and archived evidence Retrieved 2026-08-04T17:43:19.660068+00:00 Archived-content SHA-256: `00a6de7f2e4a62371aa58dab6a39fd9ae4962d3f18168fcd168d75282e695e2b` View evidence excerpt
Dec 1–Dec 31, 2025	Class I	+0.24%	Bow River source Citation and archived evidence Retrieved 2026-08-04T17:43:19.660068+00:00 Archived-content SHA-256: `00a6de7f2e4a62371aa58dab6a39fd9ae4962d3f18168fcd168d75282e695e2b` View evidence excerpt
Nov 1–Nov 30, 2025	Class I	+3.19%	Bow River source Citation and archived evidence Retrieved 2026-08-04T17:43:19.660068+00:00 Archived-content SHA-256: `00a6de7f2e4a62371aa58dab6a39fd9ae4962d3f18168fcd168d75282e695e2b` View evidence excerpt
Oct 1–Oct 31, 2025	Class I	+1.25%	Bow River source Citation and archived evidence Retrieved 2026-08-04T17:43:19.660068+00:00 Archived-content SHA-256: `00a6de7f2e4a62371aa58dab6a39fd9ae4962d3f18168fcd168d75282e695e2b` View evidence excerpt
Sep 1–Sep 30, 2025	Class I	+0.66%	Bow River source Citation and archived evidence Retrieved 2026-08-04T17:43:19.660068+00:00 Archived-content SHA-256: `00a6de7f2e4a62371aa58dab6a39fd9ae4962d3f18168fcd168d75282e695e2b` View evidence excerpt
Aug 1–Aug 31, 2025	Class I	+1.91%	Bow River source Citation and archived evidence Retrieved 2026-08-04T17:43:19.660068+00:00 Archived-content SHA-256: `00a6de7f2e4a62371aa58dab6a39fd9ae4962d3f18168fcd168d75282e695e2b` View evidence excerpt
Jul 1–Jul 31, 2025	Class I	-0.20%	Bow River source Citation and archived evidence Retrieved 2026-08-04T17:43:19.660068+00:00 Archived-content SHA-256: `00a6de7f2e4a62371aa58dab6a39fd9ae4962d3f18168fcd168d75282e695e2b` View evidence excerpt
Jun 1–Jun 30, 2025	Class I	+0.04%	Bow River source Citation and archived evidence Retrieved 2026-08-04T17:43:19.660068+00:00 Archived-content SHA-256: `00a6de7f2e4a62371aa58dab6a39fd9ae4962d3f18168fcd168d75282e695e2b` View evidence excerpt
May 1–May 31, 2025	Class I	+1.41%	Bow River source Citation and archived evidence Retrieved 2026-08-04T17:43:19.660068+00:00 Archived-content SHA-256: `00a6de7f2e4a62371aa58dab6a39fd9ae4962d3f18168fcd168d75282e695e2b` View evidence excerpt
Apr 1–Apr 30, 2025	Class I	+0.81%	Bow River source Citation and archived evidence Retrieved 2026-08-04T17:43:19.660068+00:00 Archived-content SHA-256: `00a6de7f2e4a62371aa58dab6a39fd9ae4962d3f18168fcd168d75282e695e2b` View evidence excerpt
Mar 1–Mar 31, 2025	Class I	+1.82%	Bow River source Citation and archived evidence Retrieved 2026-08-04T17:43:19.660068+00:00 Archived-content SHA-256: `00a6de7f2e4a62371aa58dab6a39fd9ae4962d3f18168fcd168d75282e695e2b` View evidence excerpt
Feb 1–Feb 28, 2025	Class I	+2.15%	Bow River source Citation and archived evidence Retrieved 2026-08-04T17:43:19.660068+00:00 Archived-content SHA-256: `00a6de7f2e4a62371aa58dab6a39fd9ae4962d3f18168fcd168d75282e695e2b` View evidence excerpt
Jan 1–Jan 31, 2025	Class I	+0.50%	Bow River source Citation and archived evidence Retrieved 2026-08-04T17:43:19.660068+00:00 Archived-content SHA-256: `00a6de7f2e4a62371aa58dab6a39fd9ae4962d3f18168fcd168d75282e695e2b` View evidence excerpt
Dec 1–Dec 31, 2024	Class I	+0.40%	Bow River source Citation and archived evidence Retrieved 2026-08-04T17:43:19.660068+00:00 Archived-content SHA-256: `00a6de7f2e4a62371aa58dab6a39fd9ae4962d3f18168fcd168d75282e695e2b` View evidence excerpt
Nov 1–Nov 30, 2024	Class I	+1.15%	Bow River source Citation and archived evidence Retrieved 2026-08-04T17:43:19.660068+00:00 Archived-content SHA-256: `00a6de7f2e4a62371aa58dab6a39fd9ae4962d3f18168fcd168d75282e695e2b` View evidence excerpt
Oct 1–Oct 31, 2024	Class I	+0.28%	Bow River source Citation and archived evidence Retrieved 2026-08-04T17:43:19.660068+00:00 Archived-content SHA-256: `00a6de7f2e4a62371aa58dab6a39fd9ae4962d3f18168fcd168d75282e695e2b` View evidence excerpt
Sep 1–Sep 30, 2024	Class I	+1.19%	Bow River source Citation and archived evidence Retrieved 2026-08-04T17:43:19.660068+00:00 Archived-content SHA-256: `00a6de7f2e4a62371aa58dab6a39fd9ae4962d3f18168fcd168d75282e695e2b` View evidence excerpt
Aug 1–Aug 31, 2024	Class I	+2.90%	Bow River source Citation and archived evidence Retrieved 2026-08-04T17:43:19.660068+00:00 Archived-content SHA-256: `00a6de7f2e4a62371aa58dab6a39fd9ae4962d3f18168fcd168d75282e695e2b` View evidence excerpt
Jul 1–Jul 31, 2024	Class I	+0.11%	Bow River source Citation and archived evidence Retrieved 2026-08-04T17:43:19.660068+00:00 Archived-content SHA-256: `00a6de7f2e4a62371aa58dab6a39fd9ae4962d3f18168fcd168d75282e695e2b` View evidence excerpt

Monthly performance eligibility

Canonical class: Class I · basis: manager-stated monthly total return · qualifying history: 74 months through 2026-06-30.

1y: eligible; 3y: eligible; 5y: eligible Manager-published observations remain distinct from SEC-filed facts and publish only after declared-crawler, robots, class, exact-window, and SEC-precedence gates pass.

03 / Portfolio

What moved inside the book.

Filed portfolio-health facts and position changes. Missing disclosures stay visibly missing.

Pending

04 / Redemptions

Where exit demand met the cap.

Stated cap: 5% of net assets/semiannual offer. The disclosed history shows no rationed period.

Period	Requested	Filled	Cap used	Status
2026-03-17	Pending	100%	Pending	filled
2025-08-18	Pending	100%	Pending	filled
2025-03-17	Pending	100%	Pending	filled
2024-08-23	Pending	100%	Pending	filled
2024-03-22	Pending	100%	Pending	filled
2023-08-18	Pending	100%	Pending	filled
2023-03-17	Pending	100%	Pending	filled
2022-08-26	Pending	100%	Pending	filled
2022-03-11	Pending	100%	Pending	filled
2021-08-20	Pending	100%	Pending	filled

05 / Financing

How the balance sheet is funded.

Borrowings, unused capacity, and synthetic exposure are separated so unlike risks do not collapse into one ratio.

Pending

06 / Share classes

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.

Not attributed 100.0%

Share of total net assets ($1,209,503,330) as of 2026-03-31; the hatched band is net assets the filings do not attribute to a captured class.

Class	Terms-based role description	Load	Servicing	Minimum	Assets
Class I	Pending	0.00%	Pending	Pending	Pending

Management fee: 1.75% of avg daily managed assets per year, current as of latest filed disclosure. Research only: not used in a fee distribution. SEC source 0001213900-26-065701.

Filed fee conditions

Pursuant to the Investment Management Agreement, the Fund pays the Adviser a monthly Investment Management Fee equal to 1.75% on an annualized basis of the Fund's average daily Managed Assets (total assets, including assets attributable to money borrowed for investment purposes, minus accrued liabilities other than such borrowings). During the year ended March 31, 2026, the Fund incurred $17,613,095 in investment management fees. The Adviser's own investment-consultant agreements with Aksia CA, LLC and Apogem Capital, LLC are paid by the Adviser out of its own resources -- not an additional fund-level charge (the prior pass's cache hit for the 0.375% Apogem fee was this sub-fee, not the fund-level rate).

Canonical-class fee profile

Class	Management	Incentive	Load	Servicing	Gross expenses	Net expenses
Class I	1.75%	None * None. The standardized prospectus fee table contains no incentive/performance-fee line. SEC source 0001213900-25-068645	0.00%	Pending	2.09%interest included * Filed label: Gross expenses inclusive of interest expense and taxes; period 2026-03-31. gross expenses inclusive of interest expense and taxes; waiver state: before / excluding disclosed support. SEC source 0001213900-26-065701	1.17%interest included * Filed label: Net expenses inclusive of interest expense and taxes; period 2026-03-31. After waiver: not separately stated; interest: included; tax: included; incentive compensation: not separately stated; acquired-fund expenses: not separately stated. SEC source 0001213900-26-065701

Expense-ratio caution. These are the issuer’s filed figures for the designated analysis class. They are not placed in a fee ranking because denominators and included expenses are not yet normalized across funds. Hover or click * for the filed label, period, components, and SEC source.

07 / Sources

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	Pursuant to the Investment Management Agreement, the Fund pays the Adviser a monthly Investment Management Fee equal to 1.75% on an annualized basis of the Fund's average daily Managed Assets (total assets, including assets attributable to money borrowed for investment purposes, minus accrued liabilities other than such borrowings). During the year ended March 31, 2026, the Fund incurred $17,613,095 in investment management fees. The Adviser's own investment-consultant agreements with Aksia CA, LLC and Apogem Capital, LLC are paid by the Adviser out of its own resources -- not an additional fund-level charge (the prior pass's cache hit for the 0.375% Apogem fee was this sub-fee, not the fund-level rate).	1.75 pct_annual_of_avg_daily_managed_assets	Pending

Recent filings

Filed	Form	Accession
2026-07-24	SC TO-I	0001213900-26-081488
2026-07-20	DEF 14A	0001213900-26-079496
2026-06-05	N-CSR	0001213900-26-065701
2026-05-27	NPORT-P	0001193125-26-241084
2026-05-08	SC TO-I/A	0001213900-26-053927
2026-04-24	N-23C3A	0001213900-26-047389
2026-02-25	NPORT-P	0001193125-26-069319
2026-02-20	SC TO-I	0001213900-26-018765
2026-01-13	424B3	0001213900-26-003988
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