Systematic Venture Capital —
Delivered with Access and Liquidity.

Smarter Access to Venture Capital

The Connetic Venture Capital Access Fund (VCAFX) is an SEC-registered interval fund providing diversified exposure to private venture-backed technology companies through a disciplined, AI-driven investment process.

  • 100+ portfolio investments
  • AI-driven process (Wendal®)
  • Diversified across stages
NAV Per Share...Daily pricing
Net Assets$40.9MAs of 3/31/2026
Positions157Portfolio companies
SymbolVCAFXCUSIP: 208191106
InceptionOct 2, 2024Class I Shares

Fund Overview

Fund Objective

The Fund seeks long-term capital appreciation through an actively managed, diversified portfolio of venture-backed private technology companies.

Fund Description

VCAFX addresses three structural trends reshaping capital markets: companies staying private longer, increasing value creation in private markets before public listings, and limited access to venture capital for most investors. The Fund provides a disciplined, scalable path to early-stage private market exposure.

“The Connetic Venture Capital Access Fund seeks long-term capital appreciation by investing in a diversified portfolio of private, early-stage technology companies sourced through a proprietary, data-led investment process.”

Fund Facts

TickerVCAFX
CUSIP208191106
InceptionOctober 2, 2024
Net Assets$40,858,410
NAV Per ShareLoading...
Portfolio Positions157
Asset ClassVenture Capital
VehicleInterval Fund (40-Act)
Minimum Investment$2,500
Tax Reporting1099 (not K-1)
PricingDaily
LiquidityQuarterly repurchase (~5%)
Management Fee1.90%
Gross Expense Ratio3.28%
Net Expense Ratio†2.80%
DistributorForeside Financial Services, LLC

† Expense limitation in effect through 7/31/2027. Without the waiver, returns would have been lower. See prospectus for details. Data as of 3/31/2026.

† The gross expense ratio before fee waivers and expense reimbursements is 3.28%. Total annual fund operating expenses after fee waivers and expense reimbursements is 2.80%. This contractual expense limitation agreement will remain in effect until July 31, 2027. Please refer to the prospectus for more details on the Fund's expenses.

The Structural Opportunity

Three structural forces have concentrated value creation in private markets—and created persistent access barriers for most allocators. The team believes the conditions that produced this gap are durable, not cyclical.

$7.5TPrivate company value most advisors cannot access¹ Crunchbase, "Global Venture Funding in 2025," Jan 2026
$4.3T1,200+ private companies valued $1B+ each² CB Insights (Apr 2025), cited in Founders Forum Group
~50%U.S. public listings cut in half since the 1990s⁵ Columbia Business School (Ewens & Xiao, 2025)
13 YrsAverage time from founding to IPO, up from 10 in 2018⁷ Renaissance Capital, cited by CNBC, Oct 2025
30×Russell 1000 Growth P/E vs. 19× long-term average³ Osborne Partners; Apollo Chief Economist, 2025
$240B+Private secondaries hit record — up 48% in 2025⁴ Jefferies Global Secondary Market Review, Jan 2026
~40%Top 10 stocks make up ~40% of the S&P 500⁶ Bloomberg; Guinness Global Investors, Aug 2025
42%Nearly half of public small caps are unprofitable⁸ Visual Capitalist (Dec 2024); Apollo; Morningstar, Dec 2025

Companies Are Staying Private Longer

The median time from founding to IPO has extended significantly over the past two decades. Much of the value appreciation cycle now occurs before public market access, making private market exposure increasingly important for long-term capital appreciation.

Value Creation Is Shifting to Private Markets

Public equity indices represent a shrinking share of total corporate value creation. The most consequential technology companies of the current cycle have remained private for a decade or more, concentrating returns in a private-market window that most portfolios cannot access.

Fewer Public Companies Over Time

The number of publicly traded U.S. companies has declined by roughly half since the mid-1990s, reducing the opportunity set available to public equity investors and increasing the relative importance of private market exposure.

The Problem with Traditional Venture Capital Access

Limited Access

Traditional venture capital is gated behind established networks, institutional relationships, and minimums of $1M or more. Most advisors and their clients are structurally excluded.

Illiquidity

Conventional VC funds carry 10+ year lockups with no interim liquidity. The capital commitment is total and indefinite.

Inconsistent Manager Selection

Venture returns are highly dispersed. Without a systematic, repeatable process, manager selection relies on relationships, recency bias, and anecdote rather than evidence.

The VCAFX Solution

The Fund intends to address the structural limitations of traditional venture access through a purpose-built interval fund structure combined with a systematic investment process.

Interval Fund Structure

Quarterly repurchase offers expected to be 5% of outstanding shares. We seek to offer attractive benefits relative to other venture capital fund structures.

Diversified Portfolio

100+ portfolio companies across sectors, stages, geographies, and vintages. True venture diversification, not concentrated bets.

No Performance Fees

The Fund does not charge carried interest or performance fees. Alignment is structural, not incentive-distorted.

Simplified Tax Reporting

1099 reporting—not K-1. Eliminates the administrative complexity that typically accompanies direct LP interests in VC funds.

AI-Driven Sourcing

The Adviser uses Wendal®, a proprietary AI platform, to evaluate large volumes of inbound opportunities systematically and at scale.

Institutional Grade Structure

SEC-registered closed-end interval fund operating under the Investment Company Act of 1940. Institutional oversight, daily pricing, independent valuation.

Liquidity is limited and not guaranteed beyond the quarterly repurchase framework. Past performance does not guarantee future results.

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