Constitution Capital Access Fund, LLC has reported a substantial transaction involving its Class I Shares, as detailed in a recent filing. The filing, made on October 5, 2026, reveals that Universities Superannuation Scheme Ltd, acting as the sole corporate trustee, disposed of over 1.5 million shares as part of a quarterly tender offer. This significant move is noteworthy as it indicates ongoing adjustments in the fund's ownership structure.

The transaction, dated August 31, 2026, involved 1,578,781.18 shares at a price of $12.67 per share. Following this transaction, the Universities Superannuation Scheme holds a total of approximately 42.4 million shares in the fund. This activity is part of a broader trend in the investment management industry, where asset managers frequently reassess their positions and strategies.

Background

Constitution Capital Access Fund, LLC, incorporated in Delaware, focuses on private equity investments. The firm has undergone recent name changes, previously known as Constitution Capital Private Markets Fund, LLC. The company operates from Andover, Massachusetts, and is classified under the SIC description for investment management.

What the Filing Says

The filing indicates that the transaction was executed as part of a quarterly tender offer, with a footnote noting that the reporting person was notified of the transaction on October 2, 2026. The filing states, "The Class I Shares disposed as of 8/31/2026 were disposed of as part of a quarterly tender offer pursuant to the letter dated 9/30/2022." This suggests a structured approach to managing share ownership.

Impact

This transaction may affect various stakeholders, including investors and potential partners within the private equity sector. The Universities Superannuation Scheme, as a significant shareholder, may influence the fund's strategic direction and operational decisions. Additionally, other industry players may view this move as a signal of market trends and shifts in investor confidence.

What's Next

The filing does not say what happens next. However, given the nature of the transaction, further updates may be anticipated as the fund continues to navigate its investment strategies and stakeholder relations.