The Innovation Fund is intended to be a long-term investment. In many instances, it may take several years for an investment in a technology startup to materialize and result in a payoff for the fund.
Additionally, while we intend to make shares available for repurchase on a quarterly basis, as we do with our real estate offerings, there can be no such guarantee; investors should understand that many of the assets held by the Innovation Fund (i.e. investments in private technology companies) are inherently less liquid than most real estate assets. As with our real estate offerings, we recommend that investors plan to hold this investment for a minimum of five years, if not longer.
Currently, there is zero penalty or cost associated with liquidating shares if, and when, the Innovation Fund conducts repurchase offers.
You can find more information, including the Innovation Fund prospectus, on the Innovation Fund Offering page.
