SharesPost 100 Fund Reports 2015 Results

Assets Under Management Increase By 252% From A Year Ago

Jan 19, 2016, 09:00 ET from SharesPost, Inc.

MENLO PARK, Calif., Jan. 19, 2016 /PRNewswire/ -- SharesPost, Inc., today reported full year 2015 results for the SharesPost 100 Fund (PRIVX), a closed end interval fund which invests in late-stage, venture-backed private companies.

For the year ending Dec. 31, 2015, the SharesPost 100 Fund ("the Fund") reported that assets under management increased to $67 million, an increase of 252% from $19 million compared to the year ago period.

The Fund is currently invested in 31 companies across 15 sectors. Since the Fund's inception, four portfolio companies have gone public or been acquired. The Fund's current top 10 holdings include: DocuSign, Kabam OpenX, Sungevity, ZocDoc, Turn, Lookout, Spotify, Chartboost and SoundHound.

"The SharesPost 100 Fund continued to add new investments to its portfolio during the year as part of its objective to invest in leading late-stage, venture-backed companies," said Sven Weber, Portfolio Manager and Managing Director of SharesPost Investment Management, a wholly owned subsidiary of SharesPost, Inc. "More individual investors and family offices are accessing this asset class through the Fund and are integrating it into their investment strategy as they come to understand our unique approach."

The SharesPost 100 Fund's annualized total return from its inception date of March 25, 2014 through Dec. 31, 2015 is 14.66%, compared to an annualized total return for the comparable period of 11.00% for the Dow Jones US Technology Index and an annualized total return of 7.5% for the S&P 500 Index for the same period.

The Fund reported one-year total return of 3.75%, compared to one-year total return of 4.11% for the Dow Jones US Technology Index and one-year total return of 1.38% for the S&P 500 Index, the Fund's benchmark indices.

SharesPost 100
Fund

Annualized Total Return: Inception - 12/31/15

Cumulative Total Return: Inception - 12/31/15

Cumulative Total Return: 01/01/15 - 12/31/15 (1Year)

Returns based on purchase without any sales charge (NAV)

14.66%

27.40%

3.75%

Dow Jones US Technology Index

11.00%

20.29%

4.11%

S&P 500 Index

7.50%

13.66%

1.38%

Performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. Current performance may be lower or higher than the performance data quoted. Some of the Fund's fees were waived or expenses reimbursed; otherwise, returns would have been lower. The Fund's total annual expenses are 3.47%. The Adviser has contractually agreed to waive fees and/or reimburse expenses such that the total expenses of the Fund do not exceed 2.50% through May 1, 2016.

New companies to the SharesPost 100 List
During the year, 31 companies were added to the SharesPost 100 List, which SP Investment Management believes to be some of the most promising late-stage, venture-backed private growth companies. The SharesPost 100 Fund is required to invest a minimum of 85% of its assets in companies on the SharesPost 100 List. Click here to see all 100 companies on the list.

About SharesPost, Inc.
Since 2009, SharesPost has been a leader and innovator in private securities investments. Based in San Francisco, SharesPost has created one of the largest and most active networks of shareholders, investors, issuers and entrepreneurs by offering an array of private company investment products and services. With more than $2 billion in closed transactions, SharesPost provides its clients with unparalleled access to information and liquidity.

About the SharesPost 100 Fund
The SharesPost 100 Fund was launched in March 2014 to provide all investors access to a portfolio of late-stage, private growth companies, an asset class that has traditionally been only available to institutional investors and the very wealthy. The Fund has no accreditation requirements and is available for a $2500 minimum investment.  Through the company's growing list of advisors, retail investors can now invest in a '40 Act registered fund, which targets investments exclusively in late-stage private growth companies. The Fund is distributed by Foreside Fund Services, LLC.  

Investors should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. For a prospectus please call 800-834-8707. Investors should read the prospectus carefully before investing.

The Fund intends to primarily invest in securities of private, late-stage, venture-backed growth companies, which carry some significant potential risks. These include but are not limited to:

  • Most of the securities are not publicly traded, and will be valued by the Investment Adviser pursuant to fair valuation procedures and methodologies adopted by the Board of Trustees and parameters set forth by the Prospectus. The value of the securities and the Fund's NAV, may vary.
  • Due to transfer restrictions and the illiquid nature of the Fund's investments, you may not be able to sell your investments when you wish to do so.
  • The Fund will invest in a limited number of securities, which could subject it to greater risk than that of a larger, more varied portfolio.
  • There is a greater focus in technology securities that could adversely affect the Fund's performance
  • If the Fund does not have at least 500 Members for an entire taxable year, you could receive an adverse tax treatment.

Certain potential conflicts of interest involving the Fund's Investment Adviser and its affiliates could impact the Fund's returns and limit the implementation of its investment policies. Prospective investors should review the "Conflicts of Interest" in the Prospectus prior to making an investment in the Fund.

The Fund's quarterly repurchase policy may require the Fund to liquidate portfolio holdings earlier than the Investment Adviser would otherwise do so, and may also result in an increase in the Fund's expense ratio.

The SharesPost 100 Fund is distributed by FORESIDE FUND SERVICES, LLC

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SOURCE SharesPost, Inc.



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