FTPAX

About FTPAX

The First Trust Private Assets Fund is a tender-offer fund designed to provide investors with diversified exposure to private market opportunities, particularly focusing on market-leading, innovative, and potentially high-growth private companies. Its core strategy involves allocating capital across both growth equity and venture capital asset classes through primary fund commitments and direct co-investments, as well as select secondary transactions. The fund targets a balanced portfolio, with allocations spread across mid-stage growth, late-stage/crossover, early-stage venture, secondaries, and buyout opportunities. A distinguishing feature of this fund is its investor-friendly structure, which offers simplified access to institutional-caliber private investments—traditionally available only to select high-net-worth individuals—through a relatively low minimum investment and without the need for capital calls. Investors benefit from an evergreen offering, streamlined tax reporting via 1099s, and the potential for quarterly liquidity. The fund’s approach aims for strong risk-adjusted returns over the long term, with a differentiated return profile compared to traditional public equity indices. By investing in a dynamic mix of private assets across industries and stages, the First Trust Private Assets Fund plays a unique role in broadening access to the private markets within a regulated and accessible vehicle.