NPORT-P
false
0001957121
XXXXXXXX
Felicitas Private Markets Fund
811-23842
0001957121
5493000GSCJHKI5KEM96
235 West Galena Street
Milwaukee
53212
414-299-2270
Felicitas Private Markets Fund
5493000GSCJHKI5KEM96
2026-06-30
2025-12-31
N
122057839.069900000000
13048002.631130000000
109009836.438800000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
4500.000000000000
N
17Capital Strategic Lending Fund 6 Partners Fund Feeder II SCSP
N/A
17Capital Strategic Lending Fund 6 Partners Fund Feeder II SCSP
999999999
1063165
OU
Other Units
USD
1063165
0.9752927210
Long
PF
LU
Y
N/A
N
N
N
ACE Buyout IV (Lux) SCSp SICAV-RAIF
N/A
ACE Buyout IV (Lux) SCSp SICAV-RAIF
999999999
7668289.42
OU
Other Units
USD
7668289.42
7.0344930976
Long
PF
LU
Y
N/A
N
N
N
Albion Growth Opportunities Fund LP
N/A
Albion Growth Opportunities Fund LP
999999999
2276
NS
USD
1799099
1.6504006049
Long
PF
GB
Y
3
N
N
N
Crestline Portfolio Financing Fund Offshore B, L.P.
N/A
Crestline Portfolio Financing Fund Offshore B, L.P.
999999999
22444.43
OU
Other Units
USD
22444.43
0.0205893621
Long
PF
KY
Y
N/A
N
N
N
Crestline Portfolio Financing Fund, LP
N/A
Crestline Portfolio Financing Fund, LP
999999999
225018.2
OU
Other Units
USD
225018.2
0.2064200877
Long
PF
US
Y
N/A
N
N
N
CXI Valley I LLC - Promissory Note, 0%, November 15, 2025
N/A
CXI Valley I LLC - Promissory Note, 0%, November 15, 2025
999999999
301643
PA
USD
0.009999999994761
0.0000000092
Long
DBT
PF
US
Y
3
2025-11-15
None
0
Y
N
N
N
N
N
NE II Fund SCSp
N/A
NE II Fund SCSp
999999999
1581396.65
OU
Other Units
USD
1581396.65
1.4506917005
Long
PF
LU
Y
N/A
N
N
N
NE Pulse SCSp
N/A
NE Pulse SCSp
999999999
1227008.25
OU
Other Units
USD
1227008.25
1.1255940657
Long
PF
LU
Y
N/A
N
N
N
NPC Keep Truckin, LLC
N/A
NPC Keep Truckin, LLC
999999999
266203.13
OU
Other Units
USD
266203.13
0.2442010177
Long
PF
US
Y
N/A
N
N
N
NPC Opportunity Fund, L.P.
N/A
NPC Opportunity Fund, L.P.
999999999
885005.09
OU
Other Units
USD
885005.09
0.8118580111
Long
PF
US
Y
N/A
N
N
N
ALP CFO 2024 LP
N/A
ALP CFO 2024 LP
999999999
2000000
PA
USD
2000000
1.8346968176
Long
DBT
PF
US
Y
3
2036-10-15
Fixed
12.88
N
N
N
N
N
N
Antares Loan Funding I Ltd.
N/A
Antares Loan Funding I Ltd.
999999999
5000000
PA
USD
5309529
4.8706879796
Long
DBT
PF
US
Y
N/A
2035-03-27
Variable
0
N
N
N
N
N
N
Archer 2023 Finance Co. LLC
N/A
Archer 2023 Finance Co. LLC
999999999
6083358
PA
USD
6083358.3
5.5805590566
Long
DBT
PF
US
Y
3
2035-12-28
Variable
16
N
N
Y
N
N
N
Arrowroot ProTecht, L.P.
N/A
Arrowroot ProTecht, L.P.
999999999
0.01
OU
Other Units
USD
0.01
0.0000000092
Long
PF
US
Y
N/A
N
N
N
Awz Pentera II LLC
N/A
Awz Pentera II LLC
999999999
1878704.2
OU
Other Units
USD
1878704.2
1.7234263085
Long
PF
US
Y
N/A
N
N
N
Bain Capital Global Direct Lending Fund (U) II RN, L.P - Class C
N/A
Bain Capital Global Direct Lending Fund (U) II RN, L.P - Class C
999999999
1237500
PA
USD
1411111
1.2944804305
Long
DBT
PF
US
Y
3
2036-06-20
Variable
11.12
N
N
N
N
N
N
Bain Capital Global Direct Lending Fund (U) II RN, L.P - Class D
N/A
Bain Capital Global Direct Lending Fund (U) II RN, L.P - Class D
999999999
1375000
PA
USD
1567901
1.4383114875
Long
DBT
PF
US
Y
3
2036-06-20
Variable
11.87
N
N
N
N
N
N
Banner Ridge DSCO Fund I (Offshore), LP
N/A
Banner Ridge DSCO Fund I (Offshore), LP
999999999
748518
OU
Other Units
USD
748518
0.6866517963
Long
PF
KY
Y
N/A
N
N
N
Banner Ridge DSCO Fund I, LP (FPMF Blocker)
N/A
Banner Ridge DSCO Fund I, LP (FPMF Blocker)
999999999
3125438
OU
Other Units
USD
3125438
2.8671155761
Long
PF
US
Y
N/A
N
N
N
Banner Ridge DSCO Fund II (Offshore), LP
N/A
Banner Ridge DSCO Fund II (Offshore), LP
999999999
3247065
OU
Other Units
USD
3247065
2.9786899110
Long
PF
KY
Y
N/A
N
N
N
Banner Ridge Secondary Fund III (Offshore), LP
N/A
Banner Ridge Secondary Fund III (Offshore), LP
999999999
233108
OU
Other Units
USD
233108
0.2138412529
Long
PF
KY
Y
N/A
N
N
N
Banner Ridge Secondary Fund III (T), LP (FPMF Blocker)
N/A
Banner Ridge Secondary Fund III (T), LP (FPMF Blocker)
999999999
1339773
OU
Other Units
USD
1339773
1.2290386297
Long
PF
US
Y
N/A
N
N
N
Banner Ridge Secondary Fund III Co, LP (FPMF Blocker)
N/A
Banner Ridge Secondary Fund III Co, LP (FPMF Blocker)
999999999
1193975
OU
Other Units
USD
1193975
1.0952910664
Long
PF
US
Y
N/A
N
N
N
Banner Ridge Secondary Fund IV (Offshore), LP
N/A
Banner Ridge Secondary Fund IV (Offshore), LP
999999999
1050626
OU
Other Units
USD
1050626
0.9637900893
Long
PF
KY
Y
N/A
N
N
N
Banner Ridge Secondary Fund IV (T), LP (FPMF Blocker)
N/A
Banner Ridge Secondary Fund IV (T), LP (FPMF Blocker)
999999999
4346659
OU
Other Units
USD
4346659
3.9874007172
Long
PF
US
Y
N/A
N
N
N
Banner Ridge Secondary Fund V (Offshore), LP
N/A
Banner Ridge Secondary Fund V (Offshore), LP
999999999
3976991
OU
Other Units
USD
3976991
3.6482863656
Long
PF
KY
Y
N/A
N
N
N
CapitalSpring Investment Partners VI Parallel II, LP
N/A
CapitalSpring Investment Partners VI Parallel II, LP
999999999
2603295.24
OU
Other Units
USD
2603295.24
2.3881287460
Long
PF
US
Y
N/A
N
N
N
Coller Secondaries Private Equity Opportunities Fund
N/A
Coller Secondaries Private Equity Opportunities Fund
999999999
1184928.92
NS
USD
6588441.78
6.0438965833
Long
PF
US
Y
N/A
N
N
N
Crestline Portfolio Financing Fund II (TE/FNT), L.P.
N/A
Crestline Portfolio Financing Fund II (TE/FNT), L.P.
999999999
300741.52
OU
Other Units
USD
300741.52
0.2758847548
Long
PF
KY
Y
N/A
N
N
N
Crestline Portfolio Financing Fund II (US), L.P.
N/A
Crestline Portfolio Financing Fund II (US), L.P.
999999999
1219436.34
OU
Other Units
USD
1219436.34
1.1186479861
Long
PF
US
Y
N/A
N
N
N
EGH Investors LLC (Series A) (FPMF Blocker)
N/A
EGH Investors LLC (Series A) (FPMF Blocker)
999999999
2112078
OU
Other Units
USD
2112078
1.9375113925
Long
PF
US
Y
3
N
N
N
EGH Investors LLC (Series B)
N/A
EGH Investors LLC (Series B)
999999999
295756
OU
Other Units
USD
295756
0.2713112960
Long
PF
US
Y
3
N
N
N
European Liquidity SolutionsIII Limited Partnership
N/A
European Liquidity SolutionsIII Limited Partnership
999999999
2717920.16
OU
Other Units
USD
2719739.63
2.4949488219
Long
PF
GB
Y
N/A
N
N
N
Fidelity US Government Fund #695
N/A
Fidelity US Government Fund #695
316175504
1445530.23
PA
USD
1445530.23
1.3260548564
Long
STIV
RF
US
N
1
N
N
N
HEI Warehouse Facility - Nada
N/A
HEI Warehouse Facility - Nada
999999999
3000000
PA
USD
2774675.97
2.5453445860
Long
DBT
PF
US
Y
3
2026-12-12
Variable
11.5
N
N
N
N
N
N
Inspiration Ventures Secondary Fund I, L.P.
N/A
Inspiration Ventures Secondary Fund I, L.P.
999999999
265779.96
OU
Other Units
USD
265779.96
0.2438128234
Long
PF
US
Y
N/A
N
N
N
Jupiter SPV LP
N/A
Jupiter SPV LP
999999999
1189956.94
OU
Other Units
USD
1189956.94
1.0916051054
Long
PF
KY
Y
N/A
N
N
N
KA Credit Advisors Holdco LLC
N/A
KA Credit Advisors Holdco LLC
999999999
56308
OU
Other Units
USD
56308
0.0516540542
Long
PF
US
Y
N/A
N
N
N
Kensington Private Equity Fund
N/A
Kensington Private Equity Fund
999999999
7000000
PA
USD
7000000
6.4214388616
Long
DBT
PF
US
Y
3
2026-03-29
Variable
13.5
N
N
N
N
N
N
LBR Co-Invest Debtco, L.P.
N/A
LBR Co-Invest Debtco, L.P.
999999999
0.01
OU
Other Units
USD
0.01
0.0000000092
Long
PF
US
Y
N/A
N
N
N
LBR Co-Invest Equityco LLC
N/A
LBR Co-Invest Equityco LLC
999999999
267166
OU
Other Units
USD
267166
0.2450843050
Long
PF
US
Y
N/A
N
N
N
Levine Leichtman Capital Partners VI, L.P. (Series A)
N/A
Levine Leichtman Capital Partners VI, L.P. (Series A)
999999999
9197671.31
OU
Other Units
USD
9197671.31
8.4374691408
Long
PF
US
Y
N/A
N
N
N
Levine Leichtman Capital Partners VI, L.P. (Series B)
N/A
Levine Leichtman Capital Partners VI, L.P. (Series B)
999999999
1022891.38
OU
Other Units
USD
1022891.38
0.9383477798
Long
PF
US
Y
N/A
N
N
N
LL-MS Carry Co, LLC
N/A
LL-MS Carry Co, LLC
999999999
2555.66
OU
Other Units
USD
2555.66
0.0023444306
Long
PF
US
Y
3
N
N
N
LL-MS City Place 2 Blocker, LLC
N/A
LL-MS City Place 2 Blocker, LLC
999999999
923693
OU
Other Units
USD
923693
0.8473483038
Long
PF
US
Y
N/A
N
N
N
LL-MS City Place, LLC Blocker
N/A
LL-MS City Place, LLC Blocker
999999999
911613.52
OU
Other Units
USD
911613.52
0.8362672120
Long
PF
US
Y
N/A
N
N
N
LL-MS Covington Blocker, LLC
N/A
LL-MS Covington Blocker, LLC
999999999
0.01000000000022
OU
Other Units
USD
0.01000000000022
0.0000000092
Long
PF
US
Y
N/A
N
N
N
LL-MS Fabian Way Blocker, LLC
N/A
LL-MS Fabian Way Blocker, LLC
999999999
176672
OU
Other Units
USD
176672
0.1620697781
Long
PF
US
Y
N/A
N
N
N
LL-MS Management Blocker, LLC
N/A
LL-MS Management Blocker, LLC
999999999
124361.11
OU
Other Units
USD
124361.11
0.1140824664
Long
PF
US
Y
3
N
N
N
LL-MS Troy Court Blocker, LLC
N/A
LL-MS Troy Court Blocker, LLC
999999999
496031.32
OU
Other Units
USD
496031.32
0.4550335421
Long
PF
US
Y
N/A
N
N
N
Nuveen Churchill Private Capital Income Fund
N/A
Nuveen Churchill Private Capital Income Fund
999999999
81268
NS
USD
1994311.25
1.8294782518
Long
PF
US
Y
N/A
N
N
N
OCP Chimera LP
N/A
OCP Chimera LP
999999999
288985
OU
Other Units
USD
288985
0.2650999299
Long
PF
US
Y
N/A
N
N
N
Pathlight Capital Fund I LP
N/A
Pathlight Capital Fund I LP
999999999
55799
OU
Other Units
USD
55799
0.0511871239
Long
PF
US
Y
N/A
N
N
N
Peregrine Select Fund II, L.P.
N/A
Peregrine Select Fund II, L.P.
999999999
1976707
OU
Other Units
USD
1976707
1.8133290211
Long
PF
US
Y
N/A
N
N
N
Second Alpha Partners IV, L.P.
N/A
Second Alpha Partners IV, L.P.
999999999
1221754
OU
Other Units
USD
1221754
1.1207740878
Long
PF
US
Y
N/A
N
N
N
Second Alpha Partners V, L.P.
N/A
Second Alpha Partners V, L.P.
999999999
957273
OU
Other Units
USD
957273
0.8781528633
Long
PF
US
Y
N/A
N
N
N
StepStone Private Equity Strategies Fund
N/A
StepStone Private Equity Strategies Fund
999999999
300000
OU
Other Units
USD
3270000
2.9997292968
Long
PF
US
Y
N/A
N
N
N
StepStone Private Venture and Growth Fund
N/A
StepStone Private Venture and Growth Fund
999999999
3435459.25
OU
Other Units
USD
3435459.25
3.1515130765
Long
PF
US
Y
N/A
N
N
N
TerraCotta Credit Fund, LP
N/A
TerraCotta Credit Fund, LP
999999999
2120055.61
OU
Other Units
USD
2120055.61
1.9448296404
Long
PF
US
Y
N/A
N
N
N
TerraCotta Credit REIT LLC
N/A
TerraCotta Credit REIT LLC
999999999
3125000
OU
Other Units
USD
3166874
2.9051268248
Long
DBT
PF
US
Y
3
2026-07-15
Fixed
12.5
N
N
N
N
N
N
The Evolution Technology FundII SCSp
N/A
The Evolution Technology FundII SCSp
999999999
2538034
OU
Other Units
USD
2538034
2.3282614514
Long
PF
LU
Y
N/A
N
N
N
Thorofare Asset Based Lending Fund V, LP
N/A
Thorofare Asset Based Lending Fund V, LP
999999999
3019134
OU
Other Units
USD
3019134
2.7695977708
Long
PF
US
Y
N/A
N
N
N
TSC Co-Invest LP
N/A
TSC Co-Invest LP
999999999
9412.18
OU
Other Units
USD
9412.18
0.0086342483
Long
PF
US
Y
N/A
N
N
N
VCFA Venture Partners VI, L.P.
N/A
VCFA Venture Partners VI, L.P.
999999999
875019
OU
Other Units
USD
875019
0.8026972873
Long
PF
US
Y
N/A
N
N
N
Venerable Loan 12% PIK, June 30, 2026
N/A
Venerable Loan 12% PIK, June 30, 2026
999999999
1730833.3
PA
USD
1903180.96
1.7458800253
Long
DBT
PF
US
Y
3
2026-06-30
Fixed
12
N
N
Y
N
N
N
WhiteHawk III Onshore Fund, L.P.
N/A
WhiteHawk III Onshore Fund, L.P.
999999999
308052.4
OU
Other Units
USD
308052.4
0.2825913790
Long
PF
US
Y
N/A
N
N
N
2026-02-25
Felicitas Private Markets Fund
/s/ Brian Smith
Brian Smith
President