Fund information.

Underlying Fuel fund term

5 years

Option for two additional one-year extensions; distributions depend on exits

Underlying Fuel fund fees

2% & 20%

Approximately 2% management fee and 20% carried interest at the underlying Fuel fund level; no additional management fee or carried interest at the CapU access-series level. Investors bear series operating and organizational expenses plus their share of underlying fund fees and expenses, as described in the offering documents.

Max Exposure

≤10% per company

Hard cap at cost; typical positions far smaller across 40–50 companies

Co-investment

Discretionary

Co-investment opportunities may be offered at the General Partner’s discretion.

Target Financing Stage

88%

Late Stage / Pre-EXIT

Private Market Diversified

~40–50

Pre-Exit Companies
Diversified exposure to private markets.

Target Discount to Latest Valuations

~50–70%

Measured against each company’s most recent secondary or preferred share price. Target only; not guaranteed.

Discount to 409A

30–40%

Below the latest available 409A common-stock valuation

The fund term is five years, with an option for two additional one-year extensions, subject to the definitive offering documents. No liquidity event or distribution date is assured. Discounts may narrow or disappear and do not protect against principal loss. Investments are speculative, illiquid, and may result in loss of some or all invested capital.