Long-Liquidating Alt Fund May Begin Distribution Late This Year
Investors in a Wildermuth Advisory private-equity interval fund that announced liquidation in mid-2023 may start getting their money back this year.
The Wildermuth Fund, which lost its status as a regulated investment company in 2022 because of an overconcentration in illiquid assets, said that it will likely begin making distributions to shareholders in the latter part 2025 — but possibly later, according to a Tuesday filing with the Securities and Exchange Commission.
Liquidating a fund like Wildermuth, which includes early-stage private-company assets, can be difficult, because those assets require a specific buyer, David Goldstein, director of product for fund services at STP Investment Services, said last week.
Read David’s comments in Ignites here.
