Constitution Capital Partners Access Fund Waived Its Quarterly Incentive Fee and Discounted Its Management Fee to 0.25% Until June 1, 2025.

By: Constitution Capital Partners via Business Wire

July 17, 2024 at 09:00 AM EDT

Constitution Capital Partners waived its quarterly incentive fee and discounted its management fee for the Constitution Capital Partners Access Fund (Access Fund). The Access Fund is a globally diversified, registered, tender offer fund, that provides investors access to private equity and private credit investments.

Starting July 1, 2024, and for at least eleven months, the quarterly incentive fee will be waived, and the management fee will be reduced to 0.25% of the fund’s net asset value. This contractual adjustment demonstrates Constitution Capital Partners’ commitment to providing access to private markets with enhanced value to investors, including through competitive pricing.

"We strive to provide industry-leading value to our shareholders and Financial Advisors. This contractual fee waiver demonstrates our commitment to help clients meet their goals,” said Mark Mezzanotte, Managing Director and Head of Intermediary Distribution with Constitution Capital Partners. “Furthermore, the waiver may inspire new investors and their Financial Advisors to explore the potential benefits of adding private market exposures to investment portfolios.”

Constitution Capital Partners established the Access Fund in October of 2022. The institutional backing and distinct portfolio construction made the Access Fund one of the industry’s largest and most diversified portfolios at launch. At inception, the Access Fund was fully invested, diversified by sector, vintage year, geography, and asset type. Being fully invested at launch greatly reduced the J-Curve and cash drag while the sophisticated seeding technique minimized blind pool and concentration risks. The Access Fund is available on iCapital and CAIS to investors who are both accredited and qualified clients.

About Constitution Capital

Constitution Capital Partners was established in 2008 and headquartered in Boston, Massachusetts, with personnel in New York and London. The firm is a leading alternative asset manager focused on private equity and private credit investments. Constitution Capital Partners is a disciplined, value-oriented investor with a demonstrated track record of delivering strong results. The firm is led by an experienced, cohesive team of investment professionals with significant experience investing in partnerships, co-investments, and opportunistic credit investments. For more information about Constitution Capital see www.concp.com and for the Access Fund see www.ccaf.com.

Distributed by Foreside Financial Services, LLC.

An investor should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. For a copy of the Fund’s prospectus, subscription document, and fact sheet, please visit www.ccaf.com or call 978-749-9600. Please read the prospectus carefully before investing.

Vintage year refers to the year in which the first investment of a fund is made or the initial investment into a company is made.

J-curve refers to a plot of an investment’s performance versus time that depicts an initial loss followed by increasingly positive values, producing a trendline that resembles the letter ”J”.

An investment in the Fund should be considered illiquid. An investment in the Fund is not suitable for investors who need access to the money they invest. Although the Fund may offer to repurchase a limited amount of its shares via quarterly tender offers, the Fund’s shares will not be redeemable, transferrable, or otherwise exchangeable at an investor’s option. As a result, an investor may not be able to sell or otherwise liquidate its shares. There can be no assurance that the Fund will conduct tender offers in any particular period and investors may be unable to tender their shares for repurchase for an indefinite period of time. Additional Fund risks include, but are not limited to: the fund shares are subject to substantial restrictions on transferability and may not be transferred or resold except as summarized in the Prospectus and permitted under the Fund’s agreement and declaration of trust, dependence on the Adviser and key personnel that could impact the Fund if changes occur, restrictions on transfers, non-diversification of investments, valuation risks, strategy-specific risks, and portfolio investment risks.