Versus Capital Real Assets Fund LLC, (the “Fund”), is a continuously offered closed-end interval fund, registered under the Investment Company Act of 1940. The Fund is designed to serve as a core real assets holding and provides exposure to private infrastructure, private farmland, private timberland and public real assets by investing in institutional private real assets funds and institutional real assets securities managers.
Distributor: Foreside Funds Distributors LLC
SOME OF THE RISKS OF INVESTING IN THE FUND:
INVESTORS SHOULD CAREFULLY CONSIDER THE FUND’S INVESTMENT OBJECTIVES, RISKS, CHARGES, AND EXPENSES BEFORE INVESTING. A PROSPECTUS WITH THIS AND OTHER INFORMATION ABOUT THE FUND MAY BE OBTAINED BY CLICKING THE PROSPECTUS LINK ABOVE. INVESTORS SHOULD READ IT CAREFULLY BEFORE INVESTING. AN INVESTMENT IN THE FUND IS SUBJECT TO A HIGH DEGREE OF RISK. THESE RISKS INCLUDE, BUT ARE NOT LIMITED TO, THOSE OUTLINED BELOW.
- The Fund is not intended as a complete investment program but instead as a way to help investors diversify into real estate.
- An investment is not suitable for investors that require liquidity, other than through the Fund’s repurchase policy.
- The Fund’s shares are not listed on any securities exchange and there is no secondary market in the shares.
- An investor cannot sell shares other than through the fund’s repurchase policy, regardless of how the fund performs.
- There is no guarantee that shareholders will be able to sell all of their tendered shares during a quarterly repurchase offer.
- The Fund’s distribution policy could result in a return of capital, resulting in less of a shareholder’s assets being invested in the Fund and, over time, potentially causing the Fund’s expense ratio to increase.
- The distribution policy also may cause the Fund to sell a security at a time it would not otherwise do so.
- The Fund is “non-diversified” under the Investment Company Act of 1940.
- Real estate entails special risks, including tenant default, environmental problems, and adverse changes in local economies.
- The Fund and underlying Investment Managers may borrow up to one-third of the Fund’s gross asset value, which could magnify losses as well as gains.
- Yield from an underlying fund could be significantly reduced if it fails to qualify as a REIT for tax purposes.
- Targeted portfolio diversification may not be achieved if Investment Managers take similar market positions.
- The Adviser and Investment Managers manage portfolios for themselves and other clients; a conflict of interest between Fund and these other parties may arise which could disadvantage the Fund.