Our Team
Kevin Moss
Managing Director, Liberty Street Advisors, Inc.
Kevin has over 25 years of senior level experience in financial services, his specific areas of expertise include the management of client relationships, investment research coverage, block and position trading, and operations management.
Prior to Liberty Street Advisors, Kevin was President & COO of SharesPost Investment Management (SPIM) overseeing the operations and trading of the SPIM funds. He is also one of the creators of The Private Shares Fund, formerly the SharesPost 100 Fund, still serving as the President of the fund, one of the portfolio managers and a member of the investment committee.
Prior to joining The Private Shares Fund investment management team and Liberty Street Advisors, Inc., Kevin was a senior portfolio manager at First New York Securities, where he managed a global macro book. Kevin began his career as an institutional equity’s sales trader working for Instinet, and later Commerzbank. His client base included hedge funds, pension funds and proprietary trading desks. Subsequently, Kevin held a series of distinguished posts at leading hedge funds and proprietary trading firms including serving as the head of international trading for Libra Advisors and Opus Trading Funds.
Kevin received his undergraduate degree in finance from Tulane University and his MBA from Columbia Business School, magna cum laude.
Christian Munafo
Chief Investment Officer, Liberty Street Advisors, Inc.
Christian has over 24 years of experience in financial services and investment management, with the last 19 years focused on secondary investments involving venture-backed and growth equity-oriented companies and funds. During this time, he has also served on the boards of many of these companies and funds.
Prior to Liberty Street Advisors, Christian was CIO of SPIM overseeing all investment related functions. Christian still serves as one of the portfolio managers of The Private Shares Fund, formerly the SharesPost 100 Fund, and a member of the investment committee.
Prior to joining The Private Shares Fund investment management team and Liberty Street Advisors, Inc., Christian was Co-Head of the Global Private Equity Secondaries Practice at HQ Capital based in New York, a $10+ billion alternative investment firm headquartered in Germany. Prior to that, he served as Head of Secondaries at Thomas Weisel Partners. Christian started his career as an investment banker at Banc of America Securities.
In aggregate, Christian has helped raise more than $2 billion globally from institutional investors, corporations, pensions, endowments, RIAs, and family offices, and has completed or overseen the completion of more than 200 secondary and primary investments representing nearly $2 billion in capital commitments.
Christian received his BA from Rutgers College.
Jonas Grankvist
Managing Director, Liberty Street Advisors, Inc.
Jonas has 14 years of experience in financial services and investment management, with the last 11 years focused on the investment and valuation of venture-backed companies.
Prior to Liberty Street Advisors, Jonas was a Director of SPIM responsible for investment and valuation related functions. Jonas still serves as one of the portfolio managers of The Private Shares Fund, formerly the SharesPost 100 Fund, and a member of the investment committee.
Prior to joining The Private Shares Fund investment management team and Liberty Street Advisors, Inc., Jonas was an investment banker with Berman Capital, covering a wide range of industries including Internet, digital media and software.
Jonas received his LLM from Uppsala University and an MBA from Golden Gate University. Jonas is also a mentor for the Thiel Foundation’s 20 Under 20 Fellowship.
Kelvin Mong
Vice President, Liberty Street Advisors, Inc.
Kelvin has 13 years of experience in financial services and investment management, with the last 8 years focused on the investment and valuation of venture-backed companies.
Prior to joining The Private Shares Fund investment management team and Liberty Street Advisors, Inc., Kelvin worked at Silicon Valley Bank Capital focusing on accounting and valuations for SVB Capital’s fund-of-fund and direct investments. Additionally, Kelvin worked at SVB Private Bank managing client relationships and credit underwriting.
Kelvin holds a B.S. in Managerial Economics from the University of California, Davis.
Jennifer Pruitt, CFA
Vice President, Liberty Street Advisors, Inc.
Jennifer has 9 years of experience in financial services and investment management, with the last 5 years focused on the investment and valuation of venture-backed companies.
Prior to joining The Private Shares Fund investment management team and Liberty Street Advisors, Jennifer worked at Houlihan Lokey in the financial advisory group, focusing on business and security valuations related to mergers & acquisitions as well as tax & financial reporting.
Jennifer holds a BBA in Accountancy from the University of Notre Dame, summa cum laude, and a Master’s in Professional Accounting from the University of Texas at Austin.
David Gutierrez, CFA
Senior Associate, Liberty Street Advisors, Inc.
David has 6 years of experience in financial services and investment management, with the last year focused on the investment and valuation of venture-backed companies.
Prior to joining The Private Shares Fund investment management team and Liberty Street Advisors, David worked at CS Capital Advisors, a boutique investment bank covering the healthcare/real estate sectors, as well as in the Transaction Advisory Services group at Ernst & Young, focusing on business and security valuations related to mergers & acquisitions as well as tax & financial reporting.
David holds a BS in Economics from the University of Oregon and a Master’s in Finance from the University of Rochester.
Jack Sweeney
Vice President, Liberty Street Advisors, Inc.
Jack has 15 years of experience in fund administration and accounting, with the last 7 years focused on venture-backed funds and companies.
Prior to Liberty Street Advisors, Jack was the CFO at SPIM. While in that role, he also served as Treasurer and Principal Finance Officer of The Private Shares Fund, formerly the SharesPost 100 Fund, a role in which he still serves.
Prior to joining The Private Shares Fund team and Liberty Street Advisors, Jack worked at Venrock as a Finance Manager performing various accounting and finance functions for private and public funds. Jack began his career at Ernst & Young, LLP focusing on auditing large publicly-traded entities as well as private entities in various industries.
Jack holds a B.S. in Accounting and a Minor in Mathematics from California State University, Chico and holds an active license as a Certified Public Accountant in California.
Zara Naqvi
Valuation Associate, Liberty Street Advisors, Inc.
Zara has 5 years of experience in financial services and private equity.
Prior to joining The Private Shares Fund team and Liberty Street Advisors, Zara worked at Goldman Sachs Private Equity Group, focusing on risk and liquidity management, as well as deal closings primarily for secondary investments. Prior to Goldman Sachs, she worked at Gemini Fund Services, managing client relationships as well as performing various accounting and finance functions for hedge funds.
Zara graduated from Stony Brook University with a B.A. in Economics.
Important Disclosure
As of December 9, 2020, Liberty Street Advisors, Inc. became the adviser to the Fund. The Fund’s portfolio managers did not change. Effective April 30, 2021, the Fund changed its name from the “SharesPost 100 Fund” to “The Private Shares Fund.” Effective July 7, 2021, the Fund made changes to its investment strategy. In addition to directly investing in private companies, the Fund may also invest in private investments in public equity (“PIPEs”) where the issuer is a special purpose acquisition company (“SPAC”), and profit sharing agreements.
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus with this and other information about The Private Shares Fund (the "Fund"), please download here, or call 1-855-551-5510. Read the prospectus carefully before investing.
The investment minimums are $2,500 for the Class A Share and Class L Share, and $1,000,000 for the Institutional Share
Investment in the Fund involves substantial risk. The Fund is not suitable for investors who cannot bear the risk of loss of all or part of their investment. The Fund is appropriate only for investors who can tolerate a high degree of risk and do not require a liquid investment. The Fund has no history of public trading and investors should not expect to sell shares other than through the Fund's repurchase policy regardless of how the Fund performs. The Fund does not intend to list its shares on any exchange and does not expect a secondary market to develop.
All investing involves risk including the possible loss of principal. Shares in the Fund are highly illiquid, and can be sold by shareholders only in the quarterly repurchase program of the Fund which allows for up to 5% of the Fund's outstanding shares at NAV to be redeemed each quarter. Due to transfer restrictions and the illiquid nature of the Fund's investments, you may not be able to sell your shares when, or in the amount that, you desire. The Fund intends to primarily invest in securities of private, late-stage, venture-backed growth companies. There are significant potential risks relating to investing in such securities. Because most of the securities in which the Fund invests are not publicly traded, the Fund's investments will be valued by Liberty Street Advisors, Inc. (the "Investment Adviser") pursuant to fair valuation procedures and methodologies adopted by the Board of Trustees. While the Fund and the Investment Adviser will use good faith efforts to determine the fair value of the Fund's securities, value will be based on the parameters set forth by the prospectus. As a consequence, the value of the securities, and therefore the Fund's Net Asset Value (NAV), may vary.
There are significant potential risks associated with investing in venture capital and private equity-backed companies with complex capital structures. The Fund focuses its investments in a limited number of securities, which could subject it to greater risk than that of a larger, more varied portfolio. There is a greater focus in technology securities that could adversely affect the Fund’s performance. The Fund's quarterly repurchase policy may require the Fund to liquidate portfolio holdings earlier than the Investment Adviser would otherwise do so and may also result in an increase in the Fund's expense ratio. Portfolio holdings of private companies that become publicly traded likely will be subject to more volatile market fluctuations than when private, and the Fund may not be able to sell shares at favorable prices, such companies frequently impose lock-ups that would prohibit the Fund from selling shares for a period of time after an initial public offering (IPO). Market prices of public securities held by the Fund may decline substantially before the Investment Adviser is able to sell the securities.
The Fund may invest in private securities utilizing special purpose vehicles ("SPV"s), private investment funds (“Private Funds”), private investments in public equity ("PIPE") transactions where the issuer is a special purpose acquisition company ("SPAC"), and profit sharing agreements. The Fund will bear its pro-rata portion of expenses on investments in SPVs, Private Funds, or similar investment structures and will have no direct claim against underlying portfolio companies. PIPE transactions involve price risk, market risk, expense risk, and the Fund may not be able to sell the securities due to lock-ups or restrictions. Profit sharing agreements may expose the Fund to certain risks, including that the agreements could reduce the gain the Fund otherwise would have achieved on its investment, may be difficult to value and may result in contractual disputes. Certain conflicts of interest involving the Fund and its affiliates could impact the Fund’s investment returns and limit the flexibility of its investment policies. This is not a complete enumeration of the Fund's risks. Please read the Fund prospectus for other risk factors related to the Fund.
The Fund may not be suitable for all investors. Investors are encouraged to consult with appropriate financial professionals before considering an investment in the Fund.
Companies that may be referenced on this website are privately-held companies. Shares of these privately-held companies do not trade on any national securities exchange, and there is no guarantee that the shares of these companies will ever be traded on any national securities exchange.
The Private Shares Fund is distributed by FORESIDE FUND SERVICES, LLC
