Pursuit Funds

What Pursuit Funds does

Pursuit Funds is a private investment adviser registered in the United States and headquartered in Greenwich, Connecticut. The firm manages the Pursuit Asset-Based Income Fund (ticker: GOFOX), a closed-end management investment company structured as an interval fund under the Investment Company Act of 1940. Pursuit Funds targets undercapitalized niche markets in private credit — including specialty small and medium-sized business lending, specialty consumer lending, specialty litigation finance, royalties, trade finance, and opportunistic asset-based lending — where complexity, capacity, or cost barriers limit competition from larger institutional capital providers. The fund targets 3-36 month self-amortizing structures with collateral backing, and seeks to deliver high current income with low correlation to traditional asset classes.

The firm operates a niche asset-based lending investment platform with a weighted average gross annual percentage rate of 13.86% on portfolio commitments and more than 55% of the portfolio fully self-amortizing. As of May 31, 2026, fund assets stood at approximately $60 million with NAV of $8.95 per share. The product is structured as a registered interval fund offering daily subscriptions at NAV, a $1,000,000 minimum investment at the firm level, and quarterly liquidity through a share repurchase program of no less than 5% of outstanding shares. Distribution Services, LLC serves as the fund's principal underwriter (not affiliated with Pursuit Funds), and the fund is also accessible via the Percent private credit marketplace.

Pursuit Funds generates revenue through investment management fees on the GOFOX interval fund, targeting financial advisors, family offices, endowments, foundations, and institutional investors seeking exposure to niche private credit markets underserved by mainstream managers. The leadership team — co-founded by Paul Ghaffari (Chairman and CIO, previously founding partner of FrontPoint Partners and CIO of Vulcan Capital), Seth Lowry (Deputy CIO, previously at Wingspan Capital), and Liz Marie (COO) — brings decades of institutional alternative investment experience. The fund commenced operations on October 1, 2025 following reorganization from its predecessor LP vehicle (Pursuit Alternative Income Fund, LP, which launched October 11, 2024).

Name

Pursuit Funds

Legal name

Pursuit Fund Advisers, LLC

Website

https://pursuitfunds.com

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

1–10 employees

Short description

Pursuit Funds is a private US investment adviser managing the Pursuit Asset-Based Income Fund (GOFOX), an interval fund that invests in niche asset-based private credit markets including specialty SMB lending, consumer lending, litigation finance, royalties, and trade finance for financial advisors and institutional investors.

Ownership category

akta.pro rank

Product category

Alternative Asset Management

NAICS

Portfolio Management and Investment Advice (52394), Other Financial Vehicles (525990)

SIC

Investment Advice (6282), Asset-Backed Securities (6189)

akta.pro primary industry

Specialty Finance & Litigation/Claims Credit (FSAHAGAL)

Keywords

• Alternative asset management
• Private credit funds
• Interval fund management
• Niche asset-based lending
• Investment advisory services

Headquarters

HQ city

Greenwich

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Investment Management Fees: Pursuit Funds serves as the investment adviser to the Pursuit Asset-Based Income Fund and earns management fees for investment advisory services. The fund is a closed-end management investment company structured as an interval fund.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Pursuit Funds serves as the investment adviser to the Pursuit Asset-Based Income Fund (ticker: GOFOX), a closed-end interval fund that seeks high current income through niche asset-based lending investments. The fund invests in undercapitalized specialty markets including small to medium-sized business lending, specialty consumer lending, specialty litigation finance, royalties, trade finance, and opportunistic asset-based lending, targeting assets with 3-36 month self-amortizing structures.

Product overview

Pursuit Funds offers a single core product: the Pursuit Asset-Based Income Fund (ticker: GOFOX), a closed-end interval fund structured under the Investment Company Act of 1940. The fund focuses on niche asset-based lending strategies targeting specialized, undercapitalized markets that are often overlooked by traditional asset managers. The fund operates with a predecessor fund (Pursuit Alternative Income Fund, LP) that launched October 11, 2024, which reorganized into the current interval fund structure on October 1, 2025.

Differentiator

Problem solved

Functional benefit

Brands

• GOFOX: Ticker symbol for the Pursuit Asset-Based Income Fund, an interval fund seeking high current income through niche asset-based lending investments.

Products and services

• Pursuit Asset-Based Income Fund (GOFOX) A closed-end management investment company structured as an interval fund (ticker: GOFOX, CUSIP: 746395 102) that seeks to deliver high current income through niche asset-based lending investments. The fund invests at least 80% of net assets in specialized investments in smaller, undercapitalized assets and markets including specialty small to medium-sized business lending, specialty consumer lending, specialty litigation finance, royalties, trade finance, and opportunistic asset-based lending. Targets 3-36 month self-amortizing structures with quarterly liquidity through a share repurchase program.

Quantifiable outcome

• 13.86% weighted average gross annual percentage rate of portfolio commitments
• +3 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Eight partnerships are on record, tiered minor and core.

• UMB Fund AdministrationminorOthersUMB provides fund administration services for the Pursuit Asset-Based Income Fund, handling back-office operations and investor services.
• Faegre DrinkerminorImplementation/ SI/ Consulting PartnerFaegre Drinker provides legal services as counsel to Pursuit Funds, supporting fund formation and regulatory compliance.
• ACA GlobalminorOthersACA Global provides compliance consulting and risk advisory services to support regulatory compliance requirements.
• Grant ThorntonminorOthersGrant Thornton provides audit and accounting services to the fund, ensuring financial reporting compliance.
• Pine Advisor SolutionsminorOthersPine Advisor Solutions provides marketing support and distribution services to enhance fund visibility to financial advisors.
• Cohen & CominorOthersCohen & Co provides audit and tax services supporting the fund's financial reporting requirements.
• King & SpaldingminorImplementation/ SI/ Consulting PartnerKing & Spalding provides legal counsel on fund matters, supporting regulatory and compliance requirements.
• Distribution Services, LLCcoreChannel Partner/ Reseller/ DistributorDistribution Services, LLC is the principal underwriter and distributor of the Pursuit Asset-Based Income Fund, handling fund shares distribution to investors. Not affiliated with Pursuit Funds.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Sixth Street Specialty Lending: TSLX is a BDC affiliated with Sixth Street providing flexible capital solutions to specialty financing, asset-based lending, and middle-market borrowers. Highly comparable to Pursuit's specialty/asset-based credit focus.
• PennantPark Floating Rate Capital: PFLT is a BDC that provides senior secured first-lien debt to sponsor-backed middle-market borrowers with a specialty lending orientation. Comparable specialty credit focus, though structured as a BDC rather than an interval fund.
• Blue Owl Capital Corp: OBDC is a publicly traded BDC and one of the largest direct private credit platforms specializing in senior secured loans to upper-middle-market companies. Comparable to Pursuit in the asset-based private credit space, with scale an order of magnitude larger.
• Ares Capital Corp: ARCC is the largest publicly traded BDC, providing senior secured loans, mezzanine debt, and specialty financing to middle-market companies. Comparable to Pursuit given the specialty finance and asset-based lending overlap, though at much larger scale.

Direct peers

• Carlyle Credit Income Fund: CCIF is a registered closed-end interval fund managed by Carlyle that invests primarily in directly originated U.S. private credit loans. Direct peer to GOFOX given both are interval funds focused on U.S. private credit.
• Blackstone Private Credit Fund: BCRED is a non-traded interval fund from Blackstone that lends directly to private middle-market companies. It is the most direct structural peer to Pursuit's GOFOX interval fund given the same vehicle type, daily NAV subscriptions, and private credit focus, though Blackstone operates at vastly greater scale.
• WhiteHorse Finance: WHF is a non-traded BDC that originates senior secured asset-based loans, specialty financing, and private credit deals to lower-middle-market companies. Closely aligned with Pursuit's niche asset-based lending focus.
• Golub Capital BDC: GBDC is a leading BDC focused on senior secured first-lien loans to sponsor-backed middle-market borrowers. Similar specialty middle-market lending focus to Pursuit's niche asset-based approach with an established origination franchise.
• Cliffwater Corporate Lending Fund: CFCX is a listed closed-end interval fund that invests primarily in directly originated senior secured corporate loans. Closely comparable to Pursuit's interval fund structure with daily NAV access, private credit focus, and a Niche/specialty lending orientation.

Others

• Percent: Percent is a private credit marketplace facilitating fractional investment in private debt and asset-based loans. Listed as a Pursuit partner; the platform serves as deal-flow infrastructure rather than a competing fund.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/pursuit-funds

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pursuit Funds