Calamos and Aksia Launch Retail-Friendly Private Equity Fund
Calamos Investments has teamed up with Aksia to debut the Calamos Aksia Private Equity & Alternatives Fund (CAPVX), a new interval fund that broadens retail investor access to private equity investments — marking the first in a series of planned joint offerings under their newly unveiled AC Private Markets brand.
Structured as a ‘40 Act interval fund, CAPVX aims to deliver diversified exposure across buyouts, growth equity, and venture capital, targeting small and middle-market co-investments and specialized secondaries. Originally incubated as a private vehicle, the fund has posted a nine-month track record of 25.5% net performance through April 30, 2025.
It offers daily purchases and semi-annual liquidity, positioning it as an accessible alternative for both accredited and non-accredited investors seeking long-term growth in private markets. Fees are set at 1.25% for the first year and 1.75% thereafter, with no incentive fee.
“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,” said Jim Vos, CEO of Aksia.
The launch follows the success of their previous collaboration, the Calamos Aksia Alternative Credit and Income Fund (CAPIX), which debuted in 2023 and has already grown to approximately $655 million in assets. The new AC Private Markets platform will build on this momentum by offering a series of evergreen structures designed to democratize private market access for individual investors.
“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,” said Calamos President and CEO John Koudounis.
Naperville, IL-based Calamos manages about $40 billion in total assets, including $18 billion across a range of liquid alternative strategies. New York-headquartered Aksia, meanwhile, oversees more than $377 billion in assets under supervision, serving institutional investors globally with alternative investment solutions and research.