GOFOX, with its predecessor fund, delivered over 13% net returns in its first eleven months

Pursuit Fund Advisers, LLC (“Pursuit Funds”), an asset manager dedicated to differentiated alternative investments, today announced the launch of the Pursuit Asset-Based Income Fund (GOFOX), a continuously offered, closed-end interval fund, upon reorganization of its private predecessor fund. Following a successful private fund offering launch in October 2024¹, the Fund has delivered 13.58% net returns to investors since inception.

The Fund seeks to deliver high current income through asset-based investments in hard-to-access niche markets that may offer a return premium and more robust risk controls than comparable fixed income and private credit institutional offerings. Pursuit targets sectors where capital is scarce due to complexity, capacity, or cost—seeking opportunities that are often overlooked by traditional asset managers.

Pursuit Funds is led by Founder & Chief Investment Officer, Paul Ghaffari, a veteran investor with deep experience in niche strategies. Ghaffari is the former CIO of Vulcan Capital, the family office for Microsoft co-founder Paul Allen, and a co-founder of FrontPoint Partners, a multi-strategy hedge fund complex known for its early success in structured credit. Ghaffari has a track record of making idiosyncratic alternatives accessible to new investor audiences, a history he seeks to repeat with Pursuit.

“We created the Pursuit Asset-Based Income Fund to bring the potential benefits of niche asset-based credit to a broader set of investors—without sacrificing opportunities for liquidity or transparency,” said Ghaffari. “Through this vehicle, we aim to unlock value in areas that are structurally inefficient, capital-scarce, and inaccessible to institutional allocators.”

The Fund is structured as an interval fund, an investor-friendly structure that provides daily subscriptions, daily NAV and periodic liquidity through quarterly repurchase offers². Investors can expect exposure to collateral-backed investments across sectors such as specialty finance, capital relief, trade finance, real assets, royalties, sports & media rights, and other niche asset-based strategies.

The launch follows Pursuit’s strategic joint venture with Percent, a private credit marketplace with over $2 billion in transaction volume. Under the joint venture, Percent will be Pursuit Fund’s technology and servicing partner supporting origination, documentation, servicing, and portfolio data. To date, the Fund has deployed over $50M across 95 asset-based deals originated by Percent.

Prath Reddy, President of Percent and a member of the Fund’s investment committee, added, “We are thrilled to strategically partner with Paul and his team on a variety of levels to enhance Pursuit’s competitive advantage in the fast-growing asset-based lending market and showcase Percent’s capabilities as a cutting-edge private credit focused distribution platform and infrastructure provider.”

To learn more about accessing niche asset-based income through GOFOX, visit www.pursuitfunds.com.

About Pursuit

Pursuit Funds was founded to give underserved investors access to unique assets that are often overlooked by traditional asset managers. We target niche markets with limited competition from other capital providers due to complexity, capacity or cost. Co-founders Paul Ghaffari, Seth Lowry, CFA and Liz Marie lead a veteran team with decades of experience across the alternative investment landscape. By combining fierce independence with institutional-grade expertise, Pursuit Funds strives to unlock access to uncorrelated investments.

For more information, visit pursuitfunds.com or contact ir@pursuitfunds.com.

About Percent

Percent seeks to unlock private credit and provide unparalleled access through its modern private credit market, empowering investors, borrowers, and managers with innovative technology to increase the speed and frequency of transactions at a fraction of the cost. Founded in 2018, the New York-based fintech, FINRA-registered broker-dealer and SEC exempt reporting advisor has facilitated several billion in private credit transaction volume across asset-based securities and secured corporate loans since inception. By streamlining everything from deal sourcing and structuring to syndication and servicing, Percent creates an ecosystem where investors can discover vetted private credit deal flow while borrowers tap into flexible, competitively priced debt capital. Backed by leading venture capital firms including Susquehanna, White Star Capital, and B Capital Group, Percent may be poised to become the market standard infrastructure for private credit, unlocking a fast-growing and ever-evolving asset class.

Learn more at www.percent.com, or follow the company on LinkedIn, X, and Instagram.

1. As of 9/30/25. Inception date is October 11, 2024. Returns are net total returns. Simultaneous with the Fund’s Commencement of Operations on 10/1/25, Pursuit Alternative Income Fund, LP (the “Predecessor Fund”) reorganized with and into the Fund. Performance for periods prior to this date reflect that of the predecessor Fund. The Predecessor Fund maintained an investment objective, strategies and investment policies, guidelines and restrictions that are, in all material respects, equivalent to those of the Fund and at the time of the reorganization, the Fund and the Predecessor Fund shared the same investment adviser and portfolio managers. The performance returns of the Predecessor Fund are unaudited and are calculated by the Adviser on a net total return basis using cumulative monthly realized net income divided by total contributed capital for each month. Future results may be different from historical performance. The predecessor fund was not registered under the Investment Company Act of 1940 Act nor subject to certain investment limitations, diversification requirements and other restrictions imposed by the Act, which, if applicable, may have adversely affected the performance result. Results are unaudited.
   
   
   
   
2. No Shareholder will have the right to require the Fund to redeem its Shares. The Fund has adopted a fundamental policy to make quarterly repurchase offers at per-class net asset value per Share of not less than 5% and not more than 25% of the Fund’s outstanding Shares. It is possible that a repurchase offer may be oversubscribed, and Shareholders may only have a portion of their Shares repurchased. The Fund expects to make its initial repurchase offer in the third quarter following the commencement of its operations.

Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained from the Fund at (888) 723-1542 or by visiting pursuitfunds.com. An investor should read the prospectus carefully before investing.

Past performance is not indicative of future results. Performance data represents past returns and future returns may be higher or lower. The value of the Fund’s shares will fluctuate, and upon redemption an investor’s shares may be worth more or less than the original cost. Total returns include reinvestment of distributions and are net of the Fund’s net expenses.

Investment objectives, costs and expenses, liquidity, fluctuation of principal or return, and tax features will vary greatly among all structures which should be considered when investing. All investments contain risk and may lose value.

This investment involves a high degree of risk and should be considered speculative. You should purchase these securities only if you can afford the complete loss of your investment. You should read the prospectus carefully for a description of the risks associated with an investment in GOFOX. These risks include, but are not limited to, the following:

• The Fund is not intended as a complete investment program but rather the Fund is designed to help investors diversify into private credit investments.
• The Fund is a “nondiversified” management investment company registered under the Investment Company Act of 1940. Since the Fund is non-diversified, it is subject to higher reduction of capital and volatility than a fund more proportionately allocated among a large number of securities.
• An investment in the Fund involves risk. The Fund is new with no significant operating history by which to evaluate its potential performance. There can be no assurance that the Fund’s strategy will be successful.
• The Fund may use leverage its investments by “borrowing.” The use of leverage increases both risk of loss and profit potential.
• Shares are an illiquid investment. Shares of the Fund are not listed on any securities exchange and it is not anticipated that a secondary market for shares will develop.
• Shares are appropriate only for those investors who can tolerate a high degree of risk, and do not require a liquid investment. You should generally not expect to be able to sell your Shares (other than through the limited repurchase process), regardless of how we perform. Although we are required to and have implemented a Share repurchase program, only a limited number of Shares will be eligible for repurchase by us.
• There is no assurance that you will be able to tender your shares when or in the amount that you desire. Although the Fund will offer quarterly liquidity through a quarterly repurchase process, an investor may not be able to sell or otherwise liquidate all their shares tendered during a quarterly repurchase offer. Because you will be unable to sell your Shares or have them repurchased immediately, you will find it difficult to reduce your exposure on a timely basis during a market downturn.
• The Fund’s investment in private credit companies is speculative and involves a high degree of risk, including the risk associated with leverage. The Fund intends to invest in private companies and private loans for which very little public information exists. Such companies are also generally more vulnerable to economic downturns and may experience substantial variations in operating results. The privately held companies and below-investment-grade securities in which the Fund will invest may be difficult to value and are illiquid.
• Asset-based investments often involve risks that are different from or more acute than risks associated with other types of debt instruments. For instance, asset-based investments may be particularly sensitive to changes in prevailing interest rates. In addition, the underlying assets are subject to prepayments that shorten the securities’ weighted average maturity and may lower their return.
• To the extent a loan is secured, there can be no assurance as to the amount of any funds that may be realized from recovering and liquidating any collateral or the timing of such recovery and liquidation and hence there is no assurance that sufficient funds (or, possibly, any funds) will be available to offset any payment defaults that occur under the loans.

While the Fund provides transparent disclosure of structure, strategy, holdings, and financial condition, shareholders should recognize that valuations of illiquid assets involve various judgments and consideration of factors that may be subjective. As a result, the NAV of the Fund, as determined based on the fair value of its investments, may vary from the amount ultimately received by the Fund from its investments.

The Securities and Exchange Commission does not endorse, indemnify, approve nor disapprove of any security. Registration with FINRA and the SEC does not imply any level of skill or training and neither guarantees the success of an investment nor provides insurance of any assets.

Pursuit Fund Advisers, LLC (“Pursuit Funds”) serves as the investment adviser to the Pursuit Asset-Backed Income Fund. The Fund is distributed by Distribution Services, LLC which is not affiliated with Pursuit Funds or any of their affiliates.

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"We created the Pursuit Asset-Based Income Fund to bring the potential benefits of niche asset-based credit to a broader set of investors—without sacrificing opportunities for liquidity or transparency."