Pursuit Fund Advisers, LLC recently unveiled the Pursuit Asset-Based Income Fund (GOFOX). This new asset manager product is a continuously offered, closed-end interval fund. It came to be after the reorganisation of its private predecessor fund.
As part of a broader trend in the fintech sector, firms are opening up access to private markets. These markets, once daunting and unreachable for many investors, have become more approachable with the introduction of the Pursuit Asset-Based Income Fund (GOFOX). Pursuit Fund Advisers aim to break down these barriers and simplify access to these profitable routes.
Interval funds, a kind of mutual fund, offer periodic liquidity through a specified repurchase offer. This feature lets investors sell their shares back to the fund at regular intervals, usually quarterly. The Pursuit Asset-Based Income Fund (GOFOX) follows this model.
Gateway to Private Markets
The launch of this interval fund opens up a promising opportunity for investors seeking entry into private markets. It marks a significant shift in Pursuit Fund Advisers‘ investment strategy, particularly in expanding access to previously exclusive areas.
The reorganisation of the predecessor private fund paved the way for this new fund launch. It underscores Pursuit’s capacity to innovate and adapt in the fast-changing financial landscape. Their dedication to providing differentiated alternative investments is evident in this latest endeavour.
The introduction of the Pursuit Asset-Based Income Fund (GOFOX) is noteworthy not just in itself. It also signals broader changes in the fintech sector. More firms are looking for ways to democratise access to private markets, often by developing innovative products like the interval fund.
Investors will keep a watchful eye as Pursuit Fund Advisers continue to forge new paths in alternative investments. If successful, the Pursuit Asset-Based Income Fund (GOFOX) could serve as a model for future initiatives.
