Fairway Private Equity & Venture Capital Opportunities Fund Announces Fourth Quarter and Full Year Results
Fairway Capital Management announced today that Fairway Private Equity & Venture Capital Opportunities Fund increased in Net Asset Value by 5.02% in the quarter ended December 31, 2025. For the year ended December 31, 2025, the Fund returned 15.91%. For the three-year period ended December 31, 2025, the Fund returned 13.77%. Since its December 29, 2021 inception date, the Fund has an annualized return of 8.62%. The S&P 500 index returned 2.66%, 17.88%, 23.01% and 10.94% during the same periods.
The Fund, which is registered under the Investment Company Act of 1940 (the “’40 Act”), provides qualified investors exposure to venture capital, private equity and private credit investments through primary, secondary and co-investment strategies that are typically available only to large institutional investors.
Fairway Founding Partner Kevin Callahan issued the following statement:
Since we launched the Fund four years ago our focus has been on delivering a truly institutional-quality private markets portfolio in a ’40 Act fund structure. As we look at the make-up of portfolio and the results generated, a few things stand out:
1. We are extremely pleased with the quality of the investments in the portfolio. We believe our competitive advantage lies in the fact that our team has access to many highly sought-after funds and companies through relationships developed over many decades. We believe the portfolio reflects this access.
2. The Fund is designed to provide balanced exposure to private equity, venture capital and private credit investments. Importantly, the Fund includes exposure to the more capacity constrained areas of the private markets. With our recent performance, the benefits of this strategy are quite evident as the Fund’s performance has been broad-based with attractive results in each area, led by our investments alongside experienced early-stage venture capital managers.
3. While we believe secondary investments will be an attractive component of the portfolio, the Fund does not rely on the purchase of secondaries at a discount to deliver attractive performance. In fact, the Fund’s performance is directly attributable to the appreciation of the underlying investments. We believe this differentiates the Fund from others in the marketplace and speaks to the quality of the investment portfolio.
In summary, we couldn’t be happier with make-up of the portfolio, and we believe the Fund is well-positioned to deliver attractive performance going forward. The Fund is now available on the iCapital Marketplace and we believe is in a good position to grow from here as we continue to see strong deal flow with numerous opportunities across all types of investments- primary, secondary and co-investments.
As a ’40 Act fund, Fairway Private Equity & Venture Capital Opportunities Fund offers greater flexibility than a traditional, institutionally oriented private equity investment vehicle. The evergreen structure provides immediate and continuous exposure to quality private equity and venture capital investments. Investments can be made on a quarterly basis. The Fund’s redemption feature allows for liquidity on a quarterly basis, subject to limitations. Importantly, the Fund features Form 1099 tax reporting, helping to simplify the tax return process.
About Fairway Capital Management
Fairway Capital Management is an investment manager focused on private equity and venture capital investments, headquartered in Chicago.
Fairway does not provide tax advice. Please consult your tax advisor before making any decisions or taking any action based on this information.
Venture Capital: Investments in new and emerging companies are usually classified as venture capital. Such investments are often in healthcare, internet-enabled or other technology-related industries. Companies financed by venture capital are generally not cash flow positive at the time of investment and may require several rounds of financing before the company can be sold privately or taken public. The Fund’s venture capital investments may finance companies along the full path of development or focus on certain sub-stages (usually classified as seed, early and late stage) in partnership with other investors.
Seed/Early-Stage: Typically involves investments in businesses still in the conceptual stage, or where products may not be fully developed and where revenues and/or profits may be several years away.
Growth Equity/Later-Stage: Typically involves minority investments in established companies with strong growth characteristics. Companies that receive growth capital investments typically are enterprises earlier in their development with some level of revenue and visibility to break-even or positive cash flow.
Buyouts: Investments that provide equity capital for acquisition transactions either from a private seller or the public are usually classified as buyouts. The Fund’s buyout investments may represent the purchase of an entire company, or a refinancing or recapitalization where equity is purchased. Borrowing is often employed in these transactions at the company level. A controlling interest in the company is often, but not always, obtained by the private equity fund or an investor group of which it is a member.
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