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Venture Capital

First Trust Private Assets Fund

Formation2022
CategoryTender Offer Fund
Net Assets

$50.4M

NAV YoY

+105%

Deeper Analysis

Institutional intelligence and portfolio transparency

Reported as of September 2025

Principal Portfolio Holdings

HoldingValueAllocation
137 Holdings RBC, LLC
private investment partnership
$2.2M4.31%
HS Investments NA18 L.P.
private investment partnership
$2.0M3.99%
QUIET VENTURE I, L.P
$2.0M3.99%
Proprietary Exposure
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Proprietary Exposure
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About This Fund

The First Trust Private Assets Fund is a '40 Act registered investment company managed by First Trust Capital Management L.P. It seeks capital appreciation through investments in private assets globally, allocating at least 80% of net assets to private equity funds, direct investments, and co-investment vehicles. The fund invests across diverse underlying managers pursuing various strategies including special situations and private investments in public entities. Quarterly repurchase offers provide limited liquidity opportunities for shareholders seeking long-term private market exposure.