Calamos and Aksia Launch CAPVX, the Calamos Aksia Private Equity & Alternatives Fund, Marking New Chapter in their Strategic Partnership
Calamos and Aksia have announced the launch of the Calamos Aksia Private Equity & Alternatives Fund (CAPVX), marking a significant expansion of their strategic partnership. The fund, which debuts on July 1, 2025, aims to democratize access to private equity investments through an innovative interval fund structure.
CAPVX enters the market with an established track record, having achieved a 25.5% return over nine months through April 30, 2025, outperforming the MSCI World index. The fund focuses on small and middle market co-investments and specialized secondaries, offering daily purchases and semi-annual liquidity. Notable features include a fee structure of 1.25% for the first year and 1.75% thereafter, with no incentive fees.
The launch coincides with the introduction of AC Private Markets, a new brand uniting Calamos and Aksia's expertise in liquid and institutional alternatives, respectively. The fund builds on the success of their previous offering, CAPIX, and aims to provide institutional-quality private market opportunities to a broader investor base, including non-accredited investors.
Calamos e Aksia hanno annunciato il lancio del Calamos Aksia Private Equity & Alternatives Fund (CAPVX), segnando un'importante espansione della loro partnership strategica. Il fondo, che debutta il 1° luglio 2025, ha l'obiettivo di democratizzare l'accesso agli investimenti in private equity attraverso una struttura innovativa di fondo a intervalli.
CAPVX entra sul mercato con un track record consolidato, avendo ottenuto un rendimento del 25,5% in nove mesi fino al 30 aprile 2025, superando l'indice MSCI World. Il fondo si concentra su co-investimenti nel mercato small e middle market e su secondari specializzati, offrendo acquisti giornalieri e liquidità semestrale. Tra le caratteristiche principali vi sono una struttura di commissioni del 1,25% per il primo anno e del 1,75% successivamente, senza commissioni di incentivo.
Il lancio coincide con la presentazione di AC Private Markets, un nuovo marchio che unisce l'esperienza di Calamos e Aksia rispettivamente nei mercati liquidi e nelle alternative istituzionali. Il fondo si basa sul successo della loro precedente offerta, CAPIX, e mira a offrire opportunità di mercato privato di qualità istituzionale a una base di investitori più ampia, inclusi quelli non accreditati.
Calamos y Aksia han anunciado el lanzamiento del Calamos Aksia Private Equity & Alternatives Fund (CAPVX), marcando una expansión significativa de su asociación estratégica. El fondo, que debutará el 1 de julio de 2025, tiene como objetivo democratizar el acceso a las inversiones en capital privado mediante una innovadora estructura de fondo de intervalos.
CAPVX ingresa al mercado con un historial probado, habiendo logrado un rendimiento del 25,5% en nueve meses hasta el 30 de abril de 2025, superando al índice MSCI World. El fondo se enfoca en co-inversiones en mercados pequeños y medianos y en secundarios especializados, ofreciendo compras diarias y liquidez semestral. Entre sus características destacan una estructura de comisiones de 1,25% durante el primer año y 1,75% posteriormente, sin comisiones por incentivos.
El lanzamiento coincide con la introducción de AC Private Markets, una nueva marca que une la experiencia de Calamos y Aksia en alternativas líquidas e institucionales, respectivamente. El fondo se basa en el éxito de su oferta anterior, CAPIX, y busca proporcionar oportunidades de mercado privado de calidad institucional a una base de inversores más amplia, incluyendo a inversores no acreditados.
Calamos와 Aksia가 전략적 파트너십의 중요한 확장을 알리며 Calamos Aksia Private Equity & Alternatives Fund (CAPVX)를 출시한다고 발표했습니다. 이 펀드는 2025년 7월 1일에 데뷔하며 혁신적인 인터벌 펀드 구조를 통해 프라이빗 에쿼티 투자 접근성을 민주화하는 것을 목표로 합니다.
CAPVX는 2025년 4월 30일까지 9개월 동안 25.5% 수익률을 기록하며 MSCI 월드 지수를 능가하는 입증된 실적을 바탕으로 시장에 진입합니다. 이 펀드는 중소형 시장 공동투자 및 전문 2차 시장에 집중하며, 일일 매수와 반기별 유동성을 제공합니다. 주요 특징으로는 첫 해 1.25%, 이후 1.75%의 수수료 구조와 인센티브 수수료가 없다는 점이 있습니다.
이번 출시는 Calamos와 Aksia의 각각 유동성 대체 투자와 기관 대체 투자 전문성을 결합한 새로운 브랜드 AC Private Markets의 도입과 함께 이루어졌습니다. 이 펀드는 이전 제품인 CAPIX의 성공을 바탕으로, 비공인 투자자를 포함한 더 넓은 투자자층에게 기관 수준의 프라이빗 마켓 기회를 제공하는 것을 목표로 합니다.
Calamos et Aksia ont annoncé le lancement du Calamos Aksia Private Equity & Alternatives Fund (CAPVX), marquant une expansion significative de leur partenariat stratégique. Le fonds, qui fait ses débuts le 1er juillet 2025, vise à démocratiser l'accès aux investissements en private equity grâce à une structure innovante de fonds à intervalles.
CAPVX arrive sur le marché avec un historique solide, ayant réalisé un rendement de 25,5 % sur neuf mois jusqu'au 30 avril 2025, surpassant l'indice MSCI World. Le fonds se concentre sur les co-investissements dans les petites et moyennes entreprises et les secondaires spécialisés, offrant des achats quotidiens et une liquidité semestrielle. Parmi ses caractéristiques notables, une structure de frais de 1,25 % la première année et de 1,75 % ensuite, sans frais d'incitation.
Le lancement coïncide avec l'introduction de AC Private Markets, une nouvelle marque unissant l'expertise de Calamos et Aksia dans les alternatives liquides et institutionnelles respectivement. Le fonds s'appuie sur le succès de leur précédente offre, CAPIX, et vise à offrir des opportunités de marché privé de qualité institutionnelle à une base d'investisseurs plus large, y compris les investisseurs non accrédités.
Calamos und Aksia haben die Einführung des Calamos Aksia Private Equity & Alternatives Fund (CAPVX) angekündigt, was eine bedeutende Erweiterung ihrer strategischen Partnerschaft darstellt. Der Fonds, der am 1. Juli 2025 startet, zielt darauf ab, den Zugang zu Private-Equity-Investitionen durch eine innovative Intervallfondsstruktur zu demokratisieren.
CAPVX betritt den Markt mit einer etablierten Erfolgsbilanz und erzielte bis zum 30. April 2025 eine Rendite von 25,5 % innerhalb von neun Monaten, womit er den MSCI World Index übertraf. Der Fonds konzentriert sich auf Co-Investments im Small- und Mid-Market sowie auf spezialisierte Secondaries und bietet tägliche Käufe sowie halbjährliche Liquidität. Zu den bemerkenswerten Merkmalen gehören eine Gebührenstruktur von 1,25 % im ersten Jahr und 1,75 % danach, ohne Anreizgebühren.
Der Start fällt mit der Einführung von AC Private Markets zusammen, einer neuen Marke, die die Expertise von Calamos und Aksia in liquiden bzw. institutionellen Alternativen vereint. Der Fonds baut auf dem Erfolg ihres vorherigen Angebots CAPIX auf und zielt darauf ab, institutionelle Private-Market-Möglichkeiten einer breiteren Anlegerbasis, einschließlich nicht akkreditierter Investoren, zugänglich zu machen.
- Track record of 25.5% return over nine months, outperforming MSCI World index
- Democratized access to private equity through interval fund structure requiring no accreditation
- Enhanced liquidity through daily purchases and semi-annual redemptions
- Competitive fee structure with no incentive fees
- Enters market with seasoned, diversified portfolio
- None.
Insights
Calamos and Aksia launch CAPVX, democratizing private equity access through an interval fund structure with semi-annual liquidity and no accreditation requirements.
Calamos and Aksia have launched the Calamos Aksia Private Equity & Alternatives Fund (CAPVX), marking a significant development in making private equity investments accessible to a broader investor base. The fund enters the market with an impressive 9-month track record of
What makes CAPVX particularly notable is its structure as a '40 Act interval fund offering daily purchases and semi-annual liquidity. This structure eliminates accreditation requirements while providing enhanced transparency—effectively democratizing access to private equity, an asset class historically limited to institutional investors and ultra-high-net-worth individuals.
The fund's investment strategy targets areas with potential alpha generation: small and middle market co-investments and small and specialized secondaries across buyouts, growth equity, and venture capital. This focused approach differs from broad-based private equity exposure.
From a fee perspective, CAPVX offers a competitive structure with a management fee of
The launch of AC Private Markets as a unified brand between Calamos (liquid alternatives expertise) and Aksia (institutional alternatives expertise) signals a strategic commitment to bringing institutional-quality alternative investments to a wider investor audience through accessible evergreen fund structures.
METRO
- Launched July 1, the Calamos Aksia Private Equity & Alternatives Fund (CAPVX) is an alpha-focused private equity strategy primarily targeting co-investments and secondaries, delivered through an efficient and investor-friendly interval fund structure.
- Originally launched as a private fund, CAPVX enters the market with a seasoned, diversified portfolio, a strong track record, and clear investor alignment.1
- The launch also marks the debut of AC Private Markets, a new brand that unites two trusted alternative investment leaders — Calamos and Aksia — their complementary expertise and their shared commitment to delivering institutional-quality alternative strategies through easy-to-access evergreen funds.
The launch of CAPVX coincides with the formal debut of AC Private Markets, a new unified brand leveraging the complementary expertise of Calamos, a leader in liquid alternatives, and Aksia, a leader in institutional alternatives and private markets. AC Private Markets symbolizes a shared vision to expand investor access to evergreen, easy-to-use private market strategies delivered by premier alternative managers. The brand is featured on a newly launched website, where investors and advisors can explore fund offerings and access in-depth research content.
"The launch of the Calamos Aksia Private Equity & Alternatives Fund, alongside the debut of the AC Private Markets brand, represents an exciting evolution in our strategic partnership with Aksia," said Koudounis. "Building on the strong momentum of our private credit offering, CAPIX, these launches reinforce our commitment to democratizing access to premier private market opportunities — bringing institutional-quality products and insights to a wider range of investors."
Structured as a '40 Act interval fund, CAPVX offers daily purchases and semi-annual liquidity, making the strategy more accessible to both accredited and non-accredited investors. CAPVX was initially incubated as a private fund, enabling Aksia to build a diversified portfolio of private equity investments. With a nine-month track record of
"We're excited to launch CAPVX — the second offering developed from our partnership with Calamos" said Jim Vos, CEO of Aksia. "By combining Aksia's deep private markets expertise with Calamos' strengths in managing alternatives and fund distribution, together we are uniquely positioned to provide solutions for investors historically excluded from the private markets ecosystem. The launch of AC Private Markets further demonstrates our commitment to supporting investors with relevant research, analysis and data insights."
Fund Details | |
Ticker | CAPVX (I Share) |
Strategy | Alpha-focused private equity opportunities |
Structure | Interval fund |
Benchmark | MSCI World |
Liquidity Terms | Semi-annual; no less than |
Tax Reporting | 1099-DIV |
Fees | |
About Calamos
Calamos Investments is a diversified global investment firm offering innovative investment strategies, including alternatives, multi-asset, convertible, fixed income, private credit, equity, and sustainable equity. With more than
About Aksia
Aksia has over
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Calamos Investments LLC, referred to herein Calamos is a financial services company offering such services through its subsidiaries: Calamos Advisors LLC, Calamos Wealth Management LLC, Calamos Investments LLP, and Calamos Financial Services LLC.
An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the Fund(s). There can be no assurance that the Fund(s) will achieve its investment objective. Your investment in the Fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund(s) can increase during times of significant market volatility. The Fund(s) also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund's prospectus.
1Past performance is not indicative of future results.
Interval Fund. The Fund is designed primarily for long-term investors and not as a trading vehicle. The Fund is an "interval fund" pursuant to which it, subject to applicable law, will conduct semi-annual repurchase offers for between
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Private Equity Investments are investments in the securities of companies which are not publicly traded at the time of investment. These investments may be difficult to value and sell, or otherwise liquidate, and the risk of investing in such non-public companies is generally much greater than the risk of investing in publicly traded companies. Companies whose securities are not publicly traded are not subject to the same disclosure and reporting requirements that are generally applicable to companies with publicly traded securities, nor is the trading of such non-publicly traded securities regulated by any government agency. Accordingly, the protections accorded by such regulation are not available in making such investments. To the extent that there is no liquid trading market for particular investments, an Underlying Manager may be unable to liquidate such investments or may be unable to do so at a profit. In addition, in certain circumstances governmental or regulatory approvals may be required for a Private Equity Fund or Co-Investment vehicle to dispose of an investment, or the Underlying Manager may be prohibited by contract or for legal or regulatory reasons from selling an illiquid investment for a period of time.
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. The principal value of an investment will fluctuate so that your shares, when sold, may be worth more or less than their original cost. Returns over 1-year are annualized. The Predecessor Fund commenced operations on September 20, 2024. The performance quoted below is that of the Predecessor Fund and was adjusted to reflect the Fund's estimated expenses of Class I Shares (with the exception of estimated Acquired Fund Fees and Expenses, the effect of which is already incorporated into the performance of the Predecessor Fund, and interest payments on borrowed funds and securities sold short, as the Predecessor Fund did not have the benefit of leverage) and the Fund's Expense Limitation Agreement in effect for its first year as a registered investment company as well as the Management Fee Waiver. The performance returns of the Predecessor Fund are unaudited and are calculated by the Advisor on a total return basis. If the effect of the Fund's Expense Limitation Agreement and Management Fee Waiver were not reflected in the Predecessor Fund's returns shown below, the returns would be lower. After-tax performance returns are not included for the Predecessor Fund. The Predecessor Fund was a privately placed fund, was not registered under the 1940 Act, and was not subject to certain investment limitations, diversification requirements, and other restrictions imposed by the Investment Company Act and the Code, which, if applicable, may have adversely affected its performance. The Fund Conversion itself was treated as a non-taxable contribution by the Predecessor Fund of limited partner interest to the Fund in exchange for shares of the interval fund, followed by a non-taxable liquidation of the Fund. However, to the extent the Fund had corporate investors, including a
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FAQ
What is the Calamos Aksia Private Equity & Alternatives Fund (CAPVX) and when was it launched?
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Do investors need to be accredited to invest in CAPVX?
What is AC Private Markets and how does it relate to CAPVX?
