Key Takeaways
- • Fairway Private Equity & Venture Capital Opportunities Fund increased in Net Asset Value by 2.89% in the quarter ended June 30, 2026, according to a Business Wire release from Fairway Capital Management.
- • For the one-year period ended June 30, 2026, the Fund returned 14.64%, versus 15.20% for the S&P 500; over three years it returned 12.43% against the index's 22.32%.
- • Since its December 29, 2021 inception, the Fund has an annualized return of 8.62%, compared with 12.07% for the S&P 500 over the same period.
- • The '40 Act evergreen vehicle offers qualified investors quarterly subscriptions and quarterly redemptions, subject to limitations, across primary, secondary and co-investment strategies in private equity, venture capital and private credit.
- • The Fund is now available on the iCapital Marketplace, according to founding partner Kevin Callahan.
Summary
Fairway Capital Management, a Chicago-based investment manager focused on private equity and venture capital, announced that its Fairway Private Equity & Venture Capital Opportunities Fund increased in Net Asset Value by 2.89% in the quarter ended June 30, 2026. For the one-year period ended June 30, 2026, the Fund returned 14.64%, and for the three-year period it returned 12.43%. Since its December 29, 2021 inception, the annualized return stands at 8.62%. Over the same periods, the S&P 500 returned 15.20%, 22.32%, 20.61% and 12.07%, respectively, according to the release.
The Fund is registered under the Investment Company Act of 1940 and provides qualified investors exposure to venture capital, private equity and private credit through primary, secondary and co-investment strategies. Founding Partner Kevin Callahan said the Fund's exposure to experienced early-stage venture capital managers had been particularly strong, and that the portfolio includes a meaningful allocation to early-stage venture capital, a more capacity-constrained segment of the private markets. Callahan also said that recent financing transactions in the underlying portfolio give the Fund exposure to several of the most valuable private companies, and that managers appear well positioned to benefit from AI-related opportunities.
The evergreen structure allows investments on a quarterly basis, with redemptions available quarterly subject to limitations. The Fund provides Form 1099 tax reporting. The release also disclosed that Class I total annual expenses after acquired fund fees are 3.49%, versus 6.13% before fee waivers and acquired fund fees. The adviser has an expense limitation agreement capping operating expenses at 2.70% for Class A and 2.00% for Class I shares, running through July 31, 2027. The Fund is distributed by Ultimus Fund Distributors, LLC, and the release carries standard risk disclosures stating that shares are illiquid, not listed on any exchange, and suitable only for investors who can tolerate a high degree of risk.
The Fund is registered under the Investment Company Act of 1940 and provides qualified investors exposure to venture capital, private equity and private credit through primary, secondary and co-investment strategies. Founding Partner Kevin Callahan said the Fund's exposure to experienced early-stage venture capital managers had been particularly strong, and that the portfolio includes a meaningful allocation to early-stage venture capital, a more capacity-constrained segment of the private markets. Callahan also said that recent financing transactions in the underlying portfolio give the Fund exposure to several of the most valuable private companies, and that managers appear well positioned to benefit from AI-related opportunities.
The evergreen structure allows investments on a quarterly basis, with redemptions available quarterly subject to limitations. The Fund provides Form 1099 tax reporting. The release also disclosed that Class I total annual expenses after acquired fund fees are 3.49%, versus 6.13% before fee waivers and acquired fund fees. The adviser has an expense limitation agreement capping operating expenses at 2.70% for Class A and 2.00% for Class I shares, running through July 31, 2027. The Fund is distributed by Ultimus Fund Distributors, LLC, and the release carries standard risk disclosures stating that shares are illiquid, not listed on any exchange, and suitable only for investors who can tolerate a high degree of risk.
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