FS MVP Private Markets Fund has initiated a tender offer to repurchase up to approximately 5% of its net assets, equating to about $98.6 million. This strategic move is designed to provide liquidity to its shareholders while reflecting the fund's ongoing adjustments to market conditions.

The tender offer, which was filed on November 2, 2026, allows shareholders to tender their Class A, Class D, and Class I Shares at their net asset value. The offer is set to expire on December 7, 2026, at 4:00 p.m. Eastern Time, unless extended by the fund's Board of Trustees.

Background

FS MVP Private Markets Fund, registered under the Investment Company Act of 1940, is a closed-end, non-diversified management investment company organized in Delaware. The fund primarily targets private equity investments and is managed by Portfolio Advisors, LLC. As of September 30, 2026, the fund had approximately $613.9 million in Class A Shares, $6.8 million in Class D Shares, and $1.35 billion in Class I Shares.

What the Filing Says

The filing indicates that the fund aims to purchase shares from shareholders at their net asset value, calculated as of December 31, 2026, or a later date if the offer is extended. Shareholders may tender all or some of their shares but must maintain a minimum account balance depending on the class of shares held. An early repurchase fee of 2% will apply to shares repurchased within one year of their purchase.

Impact

This tender offer may impact existing shareholders by providing them with an opportunity to liquidate a portion of their investment at current valuations. It may also influence investor sentiment in the private equity sector, as similar funds may consider similar strategies in response to market conditions.

What's Next

Shareholders interested in participating in the tender offer must submit their tenders by the deadline of December 7, 2026. The fund reserves the right to extend the offer, amend its terms, or cancel it altogether, reflecting its discretion in managing shareholder interests.