The New York-based startup provides liquidity solutions for tokenized private market and semi-liquid funds, allowing investors to exit ahead of scheduled redemption windows.
The SEC application follows similar relief granted to ARK Venture Fund last month and could give investors additional liquidity outside scheduled repurchase offers.
The new solution will start with a pre-IPO AI company, using tokenized notes that can be bought and sold around the clock on the secondary market.
Harrison Street's process sold 91% of shares offered, with 41% transacting at a 15% discount to NAV versus the 20% initially requested.
The Ethereum-based share class follows SEC relief that gives investors in the interval fund another liquidity channel.
ARK has outlined plans to list Class X shares on the Texas Stock Exchange under ARKV and offer a separate tokenized class, providing investors with additional liquidity options.
The London-based startup aims to address private credit's fund-level liquidity, which remains constrained by available cash and redemption terms.
The collaboration with LODAS Markets will first provide an additional liquidity pathway to investors of Harrison Street AM semi-liquid evergreen funds.
The initiative leverages blockchain-based distribution models to expand access to the firm's Luxembourg-domiciled SICAV fund.
The firm's evergreen platform spans private equity, private debt, and infrastructure, including secondaries-focused vehicles.
