The prospectus states the Fund seeks attractive long-term capital appreciation by investing at least 80% of net assets plus investment borrowings in Private Assets. It invests principally through secondary purchases of interests in third-party private equity and other private asset funds, and to a lesser degree through primary fund commitments and direct co-investments, across buyout, growth, venture, special situations, infrastructure, real estate, private credit and GP stakes. It may over-commit against expected cash flows, borrow up to one-third of total assets, hold 5-10% in liquid assets and hedge currency.