# EDGAR Filing Document

**Accession Number:** 0001957121
**File Stem:** 0001145549-25-057535
**Filing Date:** 2025-8
**Character Count:** 27762
**Document Hash:** 21c7ec0ab68f383428fc17656ac68ef6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-057535.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001145549-25-057535

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**PERIOD START**: 20250630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Felicitas Private Markets Fund
- **CENTRAL INDEX KEY:** 0001957121

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23842
- **FILM NUMBER:** 251280298

**BUSINESS ADDRESS:**
- **STREET 1:** 235 W. GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212
- **BUSINESS PHONE:** 414-299-2200

**MAIL ADDRESS:**
- **STREET 1:** 235 W. GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Felicitas Private Markets Fund

- **b. Investment Company Act file number:** 811-23842

- **c. CIK number of Registrant:** 0001957121

- **d. LEI of Registrant:** 5493000GSCJHKI5KEM96

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 235 West Galena Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53212

  - **Telephone number:** 414-299-2270

**Item A.2. Information about the Series.**

- **a. Name of Series:** Felicitas Private Markets Fund

- **c. LEI of Series:** 5493000GSCJHKI5KEM96

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-06-30

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $118906819.99

**Total Liabilities:** $6788724.73

**Net Assets:** $112118095.26

**Cash Not Reported:** $6193.88

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.00%                | 0.00%                | 1.62%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $0.00                                      |
| Month 2  | $0.00                    | $0.00                                      |
| Month 3  | $355037.93               | $979736.96                                 |

### Schedule of Portfolio Investments

| Name                                                             | Title                                                            | Identifiers                  | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   | Fair Value Level   | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| I.G.M.R RESEARCH LTD. - Preferred Ordinary A-3 Shares            | I.G.M.R RESEARCH LTD. - Preferred Ordinary A-3 Shares            | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | IL        |     18423 | NS      | $382829.94    | 0.34%             |  |  |  | Yes           | 3                  | On Loan: No      |
| I.G.M.R RESEARCH LTD. - Preferred Ordinary A-1 Shares            | I.G.M.R RESEARCH LTD. - Preferred Ordinary A-1 Shares            | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | IL        |       739 | NS      | $10064.54     | 0.01%             |  |  |  | Yes           | 3                  | On Loan: No      |
| I.G.M.R RESEARCH LTD. - Preferred B-1 Shares                     | I.G.M.R RESEARCH LTD. - Preferred B-1 Shares                     | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | IL        |     54839 | NS      | $2118165.92   | 1.89%             |  |  |  | Yes           | 3                  | On Loan: No      |
| I.G.M.R RESEARCH LTD. - Preferred B Shares                       | I.G.M.R RESEARCH LTD. - Preferred B Shares                       | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | IL        |      2710 | NS      | $38576.40     | 0.03%             |  |  |  | Yes           | 3                  | On Loan: No      |
| HEI Warehouse Facility - Nada                                    | HEI Warehouse Facility - Nada                                    | CUSIP: 999999999<br>LEI: N/A | Long             | DBT              | PF                | US        |   3000000 | PA      | $3000000.00   | 2.68%             | 2026-12-12      | Variable      | 11.50%                | Yes           | 3                  | On Loan: No      |
| Fidelity US Government Fund #695                                 | Fidelity US Government Fund #695                                 | CUSIP: 316175504<br>LEI: N/A | Long             | STIV             | RF                | US        |   2769462 | PA      | $2769462.35   | 2.47%             |  |  |  | No            | 1                  | On Loan: No      |
| European Liquidity SolutionsIII Limited Partnership              | European Liquidity SolutionsIII Limited Partnership              | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | GB        |      2276 | NS      | $2923448.14   | 2.61%             |  |  |  | Yes           | N/A                | On Loan: No      |
| EGH Investors LLC (Series B)                                     | EGH Investors LLC (Series B)                                     | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    291252 | OU      | $291252.00    | 0.26%             |  |  |  | Yes           | 3                  | On Loan: No      |
| EGH Investors LLC (Series A) (FPMF Blocker)                      | EGH Investors LLC (Series A) (FPMF Blocker)                      | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   2075946 | OU      | $2075946.00   | 1.85%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Dugout Funding LLC                                               | Dugout Funding LLC                                               | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         0 | OU      | $0.01         | 0.00%             |  |  |  | Yes           | 3                  | On Loan: No      |
| CXI Valley I LLC - Promissory Note, 0%, November 15, 2025        | CXI Valley I LLC - Promissory Note, 0%, November 15, 2025        | CUSIP: 999999999<br>LEI: N/A | Long             | DBT              | PF                | US        |    271643 | PA      | $260517.00    | 0.23%             | 2025-11-15      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| Crestline Portfolio Financing Fund, LP                           | Crestline Portfolio Financing Fund, LP                           | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    236717 | OU      | $236717.17    | 0.21%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Crestline Portfolio Financing Fund Offshore B, L.P.              | Crestline Portfolio Financing Fund Offshore B, L.P.              | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | KY        |     23595 | OU      | $23595.48     | 0.02%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Crestline Portfolio Financing Fund II (US), L.P.                 | Crestline Portfolio Financing Fund II (US), L.P.                 | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   1379093 | OU      | $1379093.28   | 1.23%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Crestline Portfolio Financing Fund II (TE/FNT), L.P.             | Crestline Portfolio Financing Fund II (TE/FNT), L.P.             | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | KY        |    341813 | OU      | $341812.54    | 0.30%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Coller Secondaries Private Equity Opportunities Fund             | Coller Secondaries Private Equity Opportunities Fund             | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   1184929 | NS      | $6744733.91   | 6.02%             |  |  |  | Yes           | N/A                | On Loan: No      |
| CapitalSpring Investment Partners VI Parallel II, LP             | CapitalSpring Investment Partners VI Parallel II, LP             | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   2325994 | OU      | $2325994.32   | 2.07%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Banner Ridge Secondary Fund V (Offshore), LP                     | Banner Ridge Secondary Fund V (Offshore), LP                     | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | KY        |   3729825 | OU      | $3729825.00   | 3.33%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Banner Ridge Secondary Fund IV (T), LP (FPMF Blocker)            | Banner Ridge Secondary Fund IV (T), LP (FPMF Blocker)            | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   5232689 | OU      | $5232689.00   | 4.67%             |  |  |  | Yes           | N/A                | On Loan: No      |
| WhiteHawk III Onshore Fund, L.P.                                 | WhiteHawk III Onshore Fund, L.P.                                 | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    551591 | OU      | $551591.26    | 0.49%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Venerable Loan 12% PIK, June 30, 2026                            | Venerable Loan 12% PIK, June 30, 2026                            | CUSIP: 999999999<br>LEI: N/A | Long             | DBT              | PF                | US        |   2461229 | PA      | $2066315.51   | 1.84%             | 2026-06-30      | Fixed         | 12.00%                | Yes           | 3                  | On Loan: No      |
| Peregrine Select Fund II, L.P.                                   | Peregrine Select Fund II, L.P.                                   | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   1886115 | OU      | $1886115.00   | 1.68%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Pathlight Capital Fund I LP                                      | Pathlight Capital Fund I LP                                      | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    397774 | OU      | $397774.00    | 0.35%             |  |  |  | Yes           | N/A                | On Loan: No      |
| OCP Chimera LP                                                   | OCP Chimera LP                                                   | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    297771 | OU      | $297771.00    | 0.27%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Nuveen Churchill Private Capital Income Fund                     | Nuveen Churchill Private Capital Income Fund                     | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |     81268 | NS      | $2002438.03   | 1.79%             |  |  |  | Yes           | N/A                | On Loan: No      |
| NPC Opportunity Fund, L.P.                                       | NPC Opportunity Fund, L.P.                                       | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    924660 | OU      | $924659.98    | 0.82%             |  |  |  | Yes           | N/A                | On Loan: No      |
| NPC Keep Truckin, LLC                                            | NPC Keep Truckin, LLC                                            | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    266203 | OU      | $266203.13    | 0.24%             |  |  |  | Yes           | N/A                | On Loan: No      |
| NE Pulse SCSp                                                    | NE Pulse SCSp                                                    | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | LU        |   1229081 | OU      | $1229081.43   | 1.10%             |  |  |  | Yes           | N/A                | On Loan: No      |
| NE II Fund SCSp                                                  | NE II Fund SCSp                                                  | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | LU        |   1813886 | OU      | $1813885.64   | 1.62%             |  |  |  | Yes           | N/A                | On Loan: No      |
| LL-MS Troy Court Blocker, LLC                                    | LL-MS Troy Court Blocker, LLC                                    | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    987074 | OU      | $987074.11    | 0.88%             |  |  |  | Yes           | N/A                | On Loan: No      |
| LL-MS Management Blocker, LLC                                    | LL-MS Management Blocker, LLC                                    | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    208697 | OU      | $208697.04    | 0.19%             |  |  |  | Yes           | 3                  | On Loan: No      |
| LL-MS Fabian Way Blocker, LLC                                    | LL-MS Fabian Way Blocker, LLC                                    | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    149818 | OU      | $149817.52    | 0.13%             |  |  |  | Yes           | N/A                | On Loan: No      |
| LL-MS Covington Blocker, LLC                                     | LL-MS Covington Blocker, LLC                                     | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    422165 | OU      | $422165.39    | 0.38%             |  |  |  | Yes           | N/A                | On Loan: No      |
| LL-MS City Place, LLC Blocker                                    | LL-MS City Place, LLC Blocker                                    | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    990275 | OU      | $990275.22    | 0.88%             |  |  |  | Yes           | N/A                | On Loan: No      |
| LL-MS City Place 2 Blocker, LLC                                  | LL-MS City Place 2 Blocker, LLC                                  | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    988813 | OU      | $988812.89    | 0.88%             |  |  |  | Yes           | N/A                | On Loan: No      |
| LL-MS Carry Co, LLC                                              | LL-MS Carry Co, LLC                                              | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |      4236 | OU      | $4236.32      | 0.00%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Levine Leichtman Capital Partners VI, L.P. (Series B)            | Levine Leichtman Capital Partners VI, L.P. (Series B)            | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   1030734 | OU      | $1030734.16   | 0.92%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Levine Leichtman Capital Partners VI, L.P. (Series A)            | Levine Leichtman Capital Partners VI, L.P. (Series A)            | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   9266868 | OU      | $9266867.90   | 8.27%             |  |  |  | Yes           | N/A                | On Loan: No      |
| LBR Co-Invest Equityco LLC                                       | LBR Co-Invest Equityco LLC                                       | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    220726 | OU      | $220726.33    | 0.20%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Kensington Private Equity Fund                                   | Kensington Private Equity Fund                                   | CUSIP: 999999999<br>LEI: N/A | Long             | DBT              | PF                | US        |   7000000 | PA      | $7000000.00   | 6.24%             | 2026-03-29      | Variable      | 13.80%                | Yes           | 3                  | On Loan: No      |
| Kayne Anderson BDC, LLC                                          | Kayne Anderson BDC, LLC                                          | CUSIP: 486606106<br>LEI: N/A | Long             | EC               | CORP              | US        |     20788 | NS      | $317209.62    | 0.28%             |  |  |  | Yes           | 1                  | On Loan: No      |
| KA Credit Advisors Holdco LLC                                    | KA Credit Advisors Holdco LLC                                    | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |     62745 | OU      | $62745.00     | 0.06%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Jupiter SPV LP                                                   | Jupiter SPV LP                                                   | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | KY        |   1228420 | OU      | $1228420.00   | 1.10%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Inspiration Ventures Secondary Fund I, L.P.                      | Inspiration Ventures Secondary Fund I, L.P.                      | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    320697 | OU      | $320697.49    | 0.29%             |  |  |  | Yes           | N/A                | On Loan: No      |
| I.G.M.R RESEARCH LTD. - Preferred Ordinary A-4 Shares            | I.G.M.R RESEARCH LTD. - Preferred Ordinary A-4 Shares            | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | IL        |      2168 | NS      | $22032.52     | 0.02%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Banner Ridge Secondary Fund IV (Offshore), LP                    | Banner Ridge Secondary Fund IV (Offshore), LP                    | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | KY        |   1276063 | OU      | $1276063.00   | 1.14%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Banner Ridge Secondary Fund III Co, LP (FPMF Blocker)            | Banner Ridge Secondary Fund III Co, LP (FPMF Blocker)            | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   1254734 | OU      | $1254734.00   | 1.12%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Banner Ridge Secondary Fund III (T), LP (FPMF Blocker)           | Banner Ridge Secondary Fund III (T), LP (FPMF Blocker)           | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   1691833 | OU      | $1691833.00   | 1.51%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Banner Ridge Secondary Fund III (Offshore), LP                   | Banner Ridge Secondary Fund III (Offshore), LP                   | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | KY        |    291772 | OU      | $291772.00    | 0.26%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Banner Ridge DSCO Fund II (Offshore), LP                         | Banner Ridge DSCO Fund II (Offshore), LP                         | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | KY        |   3080161 | OU      | $3080161.00   | 2.75%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Banner Ridge DSCO Fund I, LP (FPMF Blocker)                      | Banner Ridge DSCO Fund I, LP (FPMF Blocker)                      | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   3462483 | OU      | $3462483.00   | 3.09%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Banner Ridge DSCO Fund I (Offshore), LP                          | Banner Ridge DSCO Fund I (Offshore), LP                          | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | KY        |    838042 | OU      | $838042.00    | 0.75%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Bain Capital Global Direct Lending Fund (U) II RN, L.P - Class D | Bain Capital Global Direct Lending Fund (U) II RN, L.P - Class D | CUSIP: 999999999<br>LEI: N/A | Long             | DBT              | PF                | US        |    990000 | PA      | $990000.00    | 0.88%             | 2036-06-20      | Variable      |  | Yes           | 3                  | On Loan: No      |
| Bain Capital Global Direct Lending Fund (U) II RN, L.P - Class C | Bain Capital Global Direct Lending Fund (U) II RN, L.P - Class C | CUSIP: 999999999<br>LEI: N/A | Long             | DBT              | PF                | US        |    900000 | PA      | $900000.00    | 0.80%             | 2036-06-20      | Variable      |  | Yes           | 3                  | On Loan: No      |
| Awz Pentera II LLC                                               | Awz Pentera II LLC                                               | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   1881083 | OU      | $1881082.87   | 1.68%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Archer 2023 Finance Co. LLC                                      | Archer 2023 Finance Co. LLC                                      | CUSIP: 999999999<br>LEI: N/A | Long             | DBT              | PF                | US        |   4666194 | PA      | $4666193.90   | 4.16%             | 2035-12-28      | Variable      | 16.30%                | Yes           | 3                  | On Loan: No      |
| Antares Loan Funding I Ltd.                                      | Antares Loan Funding I Ltd.                                      | CUSIP: 999999999<br>LEI: N/A | Long             | DBT              | PF                | US        |   5000000 | PA      | $5000000.00   | 4.46%             | 2035-03-27      | Variable      | 0.00%                 | Yes           | N/A                | On Loan: No      |
| ALP CFO 2024 LP                                                  | ALP CFO 2024 LP                                                  | CUSIP: 999999999<br>LEI: N/A | Long             | DBT              | PF                | US        |   2000000 | PA      | $2000000.00   | 1.78%             | 2036-10-15      | Fixed         | 12.88%                | Yes           | 3                  | On Loan: No      |
| Albion Growth Opportunities Fund LP                              | Albion Growth Opportunities Fund LP                              | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | GB        |   1832764 | OU      | $1832764.00   | 1.63%             |  |  |  | Yes           | 3                  | On Loan: No      |
| ACE Buyout IV (Lux) SCSp SICAV-RAIF                              | ACE Buyout IV (Lux) SCSp SICAV-RAIF                              | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | LU        |   7580226 | OU      | $7580226.14   | 6.76%             |  |  |  | Yes           | N/A                | On Loan: No      |
| 17Capital Co-investment                                          | 17Capital Co-investment                                          | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | LU        |       989 | OU      | $989.23       | 0.00%             |  |  |  | Yes           | N/A                | On Loan: No      |
| VCFA Venture Partners VI, L.P.                                   | VCFA Venture Partners VI, L.P.                                   | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   1065005 | OU      | $1065005.00   | 0.95%             |  |  |  | Yes           | N/A                | On Loan: No      |
| TSC Co-Invest LP                                                 | TSC Co-Invest LP                                                 | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |     10910 | OU      | $10910.00     | 0.01%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Thorofare Asset Based Lending Fund V, LP                         | Thorofare Asset Based Lending Fund V, LP                         | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   2993804 | OU      | $2993804.00   | 2.67%             |  |  |  | Yes           | N/A                | On Loan: No      |
| The Evolution Technology FundII SCSp                             | The Evolution Technology FundII SCSp                             | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | LU        |   2513673 | OU      | $2513673.00   | 2.24%             |  |  |  | Yes           | N/A                | On Loan: No      |
| TerraCotta Credit Fund, LP                                       | TerraCotta Credit Fund, LP                                       | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   2100715 | OU      | $2100715.45   | 1.87%             |  |  |  | Yes           | N/A                | On Loan: No      |
| StepStone Private Venture and Growth Fund                        | StepStone Private Venture and Growth Fund                        | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   2746414 | OU      | $2746414.40   | 2.45%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Second Alpha Partners V, L.P.                                    | Second Alpha Partners V, L.P.                                    | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    850177 | OU      | $850177.00    | 0.76%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Second Alpha Partners IV, L.P.                                   | Second Alpha Partners IV, L.P.                                   | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   1232197 | OU      | $1232197.00   | 1.10%             |  |  |  | Yes           | N/A                | On Loan: No      |

### Signature

**Date Signed:** 2025-08-25

**Name of Applicant:** Felicitas Private Markets Fund

**Signature:** /s/ Brian Smith

**Name of Signer:** Brian Smith

**Title:** President