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Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Summary of Levels Within Fair Value Heirarchy For Funds Assets And Liabilities Measured At Fair Value
The following table summarizes the levels within the fair value hierarchy for the Fund’s assets and liabilities measured at fair value as of December 31, 2022:
 
Assets
 
Investments
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
 
Agreement for Future Delivery of Common Shares
(a)
   $       $       $ 2,267,317     $ 2,267,317  
Common Stocks
     —       —       35,500,566     $ 35,500,566  
Convertible Notes
     —       —       5,634,867       5,634,867  
Preferred Stocks
     —       —       6,201,358       6,201,358  
Total
   $ —     $ —     $ 49,604,108     $ 49,604,108  
 
Liabilities
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
 
Warrants
     —       —       (3,571,824 )     (3,571,824 )
Total
   $ —     $ —     $ (3,571,824 )   $ (3,571,824 )
 
(a)
Certain investments are held through SPV
s
that holds forward contracts. Forward contracts involve the future delivery of shares of a portfolio company upon such securities becoming freely transferable or the removal of restrictions on transfer. The counterparties are shareholders of the portfolio company. See Schedule of Investments.
Summary of Changes In Fair Value of Investments As Per Level 3 Input
The changes in fair value of investments and liabilities for which the Fund has used Level 3 inputs to determine the fair value are as follows:
 
Assets
 
Investments
  
Balance as of
December 31,
2021
    
Purchase of
Investments
    
Proceeds
from Sale of
Investments
(a)
    
Net Realized
Gain (Loss) on
Investments
    
Net Change
in Unrealized
Appreciation (Depreciation)
on
Investments
    
Balance as of
December 31,
2022
  
Agreement for Future Delivery of Common Shares
(b)
  
$
—
    
$
4,589,153
    
$
—
    
$
—
    
$
(2,321,836
)
  
$
2,267,317
  
Common Stocks
    
38,727,109
      
25,208,683
      
(10,280,000
)
    
—
      
(18,155,226
)
  
$
35,500,566
  
Convertible Notes
    
3,000,000
      
2,000,000
      
—
      
—
      
634,867
      
5,634,867
  
Preferred Stocks
    
9,891,214
      
7,980,997
      
(3,030,000
)
    
—
      
(8,640,853
)
    
6,201,358
  
Total
  
$
51,618,323
    
$
39,778,833
    
$
(13,310,000
)
  
$
—
    
$
(28,483,048
)
  
$
49,604,108
  
 
(a)
Sale proceeds from investments is comprised entirely of returned funds held within an SPV.
(b)
Certain investments are held through SPV
s
that holds forward contracts. Forward contracts involve the future delivery of shares of a portfolio company upon such securities becoming freely transferable or the removal of restrictions on transfer. The counterparties are shareholders of the portfolio company. See Schedule of Investments.
Summary of Changes In Fair Value of Liabilities As Per Level 3 Input
   
Balance as of
December 31,
2021
    
 Issuance of
Liabilities
    
Conversion of
SAFE Notes to
Common Stock
    
Net Realized
Gain (Loss) on
Conversion of
Liabilities
    
Net Change
in Unrealized
Appreciation
(Depreciation) on
Liabilities
    
 Balance as of
December 31,
2022
  
SAFE Notes
  
$
(88,351,247
)
  
$
(2,398,501
)
  
$
64,697,000
    
$
25,375,657
    
$
677,091
    
$
 —  
Warrants
    
(4,906,756
)
    
(106,529
)
    
—
      
—
      
1,441,461
      
(3,571,824
)
Total
  
$
(93,258,003
)
  
$
(2,505,030
)
  
$
64,697,000
    
$
25,375,657
    
$
2,118,552
    
$
(3,571,824
)
Summary of Quantitative Information About Significant Unobservable Valuation Inputs of Assets And Liabilities For Level 3
 
The following is a summary of quantitative information about significant unobservable valuation inputs for Level 3 Fair Value Measurements for investments held as of December 31, 2022:


Level 3 Investments
  
Fair Value
as of December
31, 2022
  
Valuation
Technique
  
Unobservable Input
  
Ranges of

Inputs/(Average)
Assets
Agreement for Future Delivery of Common Shares
(a)
  
$2,267,317
   Market Approach   Adjusted Recent Transaction Price  
$436.61
        Market Approach   Indicative Broker Quote  
$32.50
Common Stocks
  
$35,500,566
   Market Approach   Recent Transaction Price  
N/A
        Market Approach   Discount Factor  
30%-65%/(52%)
        Market Approach   Volume Weighted Average Price  
$6.00-15.00/($10.63)
        Market Approach   Indicative Broker Quotes  
$20.00-$26.50/($22.44)
Convertible Notes
  
$5,634,867
   Market Approach   Acquisition Price  
N/A
Level 3 Investments
  
Fair Value as of December 31, 2022
  
Valuation Technique
  
Unobservable Input
  
Ranges of Inputs/(Average)
        Market Approach   Recent Transaction Price  
N/A
Preferred Stocks
  
$6,201,358
   Cost Approach   Acquisition Price  
N/A
        Market Approach   Recent Transaction Price  
N/A
        Market Approach   Indicative Broker Quote  
$25.00
        Market Approach   Volume Weighted Average Price  
$9.50-$34.95/($11.75)
        Market Approach   Discount Factor  
65%
Total
  
$49,604,108
            
 
Liabilities
Warrants
  
(3,571,824)
   Probability- Weighted Average   Monte Carlo Simulation/Time to Public Listing  Black-Scholes-Merton  
0.25 Years-0.75 Years/
(0.50 Years)
        Probability- Weighted Average   Model/Estimated Volatility  
32.5%
Total
  
$(3,571,824)
            
 
(a)
Certain investments are held through
an
 
SPV that holds forward contracts. Forward contracts involve the future delivery of shares of a portfolio company upon such securities becoming freely transferable or the removal of restrictions on transfer. The counterparties are shareholders of the portfolio company. See Schedule of Investments.