FS MVP Private Markets Fund–D
Past performance is not a guarantee of future results. For additional performance and information, please see performance table. Effective 7/3/2023, the Fund has been renamed FS MVP Private Markets Fund. Prior to that date, the Fund operated under the name MVP Private Markets Fund.
FS MVP Private Markets Fund’s NAV per common share as of the date indicated is the NAV determined by the fund for purposes of complying with the requirements of Section 23(b) of the Investment Company Act of 1940, as amended, and has not been approved by the fund’s board of trustees. FS MVP Private Markets Fund’s NAV per common share may increase or decrease in the future, and any such change may be material.
The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted.
Returns shown are net of all fees and expenses. Class I shares were offered as of 1/3/2022. The performance for periods prior to 1/3/2022 reflect the performance of the predecessor fund, MVP Private Markets, L.P., with an inception date of 7/1/2021, the day the predecessor fund began investing.
A core private markets solution
MIDDLE MARKET ACCESS
Investing with PA’s core middle-market sponsors
Broadly diversified across sponsors, industries and vintages
Generate long-term capital appreciation
Portfolio highlights as of 08/31/2023
Total gross assets
Performance as of 08/31/2023
|FUND_ID||share_class||as_of_date||NAME||MTD||QTD||YTD||1YR||Since inception* (annualized)||Since inception* (cumulative)||FREQUENCY|
|2021||N/A||Predecessor Fund Phase**||10.78%|
Class I shares have no sales charges; therefore performance is at NAV.
Past performance is not a guarantee of future returns. Returns shown are net of all fees and expenses. Shares for FS MVP Private Markets Fund were offered as of 1/3/2022.
*The performance for periods prior to 1/3/2022 reflect the performance of the predecessor fund, MVP Private Markets, L.P., with an inception date of 7/1/2021, the day the predecessor fund began investing. Class I shares were offered on 1/3/2022.
The MVP Private Markets Fund L.P. (The ”Predecessor Fund”) was reorganized into the FS MVP Private Markets Fund on 1/3/2022. FS MVP Private Markets Fund is under the common management of the prior Predecessor Fund. Performance for each investor will vary from overall fund performance depending on fee structure and timing of investment. The historical returns attributable to prior Predecessor Fund do not represent the actual performance nor indicate future results, of FS MVP Private Markets Fund. There is no certainty that FS MVP Private Markets Fund investment objectives will be met. Additional information is available upon request. Predecessor Fund and FS MVP Private Markets Fund both have a management fee of 1.25%. The fee for Predecessor Fund was calculated based off of the greater of the Fund’s NAV or NAV plus uncalled commitments, whereas FS MVP Private Markets Fund is calculated based on the average daily managed assets. Any differences between the calculations as a result of the different fee bases is expected to be minimal.
Hypothetical growth of $100,000 as of 08/31/2023
Portfolio as of 08/31/2023
|08/31/2023||Class I||Transaction type||Direct equity||26||2|
|08/31/2023||Class I||Transaction type||Secondaries||55||1|
|08/31/2023||Class I||Transaction type||Direct credit||11||3|
|08/31/2023||Class I||Transaction type||Primaries||9||4|
|08/31/2023||Class I||Region||North America||91||1|
|08/31/2023||Class I||Region||Rest of world||1||3|
|08/31/2023||Class I||Sector||Consumer Staples||2||8|
|08/31/2023||Class I||Sector||Consumer Discretionary||9||4|
|08/31/2023||Class I||Sector||Health Care||18||3|
|08/31/2023||Class I||Sector||Communication Services||4||5|
|08/31/2023||Class I||Sector||Information Technology||21||2|
Together, FS Investments and Portfolio Advisors meet the increasing investor demand for alternatives with a diversified suite of alternative investment solutions for both institutional and individual investors.
Generate long-term capital appreciation by investing in a diversified portfolio of private market investments, with a focus on investments in mid-sized companies in the United States.
Evergreen registered closed-end fund
Portfolio Advisors, LLC, an affiliate of FS Investments
Expected quarterly via a tender process, subject to board approval (typically 5% of Fund NAV per quarter)
Minimum initial investment
Qualified client & accredited investor
Share class inception date
January 3, 2022
None; evergreen structure; full investment amount due at time of subscription
2% early repurchase fee for shares held less than one year