Late-Stage Private Markets Show Signs of Reacceleration as Private Shares Fund Reports Strong 1Q Sales and IPO Pipeline, with SpaceX as Largest Position

NEW YORK--(BUSINESS WIRE)--Apr 21, 2026--

The Private Shares Fund (PRIVX/PIIVX), managed by Liberty Street Advisors, Inc. (Liberty Street), reported strong first quarter performance alongside an expanding pipeline of portfolio companies progressing toward potential IPO, tender, or acquisition events. The Fund's largest holding, SpaceX, has been the subject of recent IPO-related developments, while several other key holdings, including Cerebras and Kraken, have advanced S-1 activity. These developments reflect increasing activity across late-stage private markets. All information is as of March 31, 2026, unless otherwise indicated.