Connetic Venture Capital Access Fund is set to undergo a significant transformation as it plans to convert from a closed-end interval fund to two private investment funds. This transition, pending shareholder approval, is designed to enhance the fund's operational flexibility and align its structure with the needs of its investors.

The Board of Trustees approved this change on October 30, 2026, following a recommendation from Connetic RIA, LLC, the fund's investment adviser. The proposed conversion involves several key changes, including the elimination of the fund’s requirement for quarterly repurchase offers and a shift from a Delaware statutory trust to a Delaware limited liability company.

This move is particularly relevant in the current investment landscape, where many funds are seeking to reduce regulatory burdens and increase investment opportunities. The fund's shareholders will have the opportunity to vote on these proposals in a meeting scheduled for December 18, 2026.

Connetic Venture Capital Access Fund, previously known as Connetic Ventures Fund, is based in Covington, Kentucky. The fund operates under the Investment Company Act of 1940 and is currently registered as a closed-end interval fund. The recent filing, dated November 4, 2026, indicates that the transition aims to facilitate a more streamlined investment process.

As part of the conversion, shareholders will be asked to approve several proposals, including the deregistration of the fund under the 1940 Act and the redemption of shareholders who do not meet the eligibility criteria for the new private funds. A proxy statement detailing these proposals is expected to be mailed to shareholders later this month.

Effective immediately, the fund has suspended the sale of its shares to new investors, although existing shareholders can continue to purchase shares and participate in the automatic dividend reinvestment plan. This suspension reflects the fund's focus on the upcoming conversion and the associated changes.

While the conversion proposals are subject to shareholder approval, the fund's management believes that the changes will better position it to meet the evolving needs of its investors. However, there is no guarantee that the proposals will be approved.

In summary, the Connetic Venture Capital Access Fund's planned conversion to private investment funds marks a significant shift in its operational strategy, potentially impacting its investment approach and shareholder engagement. As the industry continues to evolve, this move could set a precedent for other funds considering similar transitions.