Investing Without the Lockups: How Interval Funds Are Redefining Access
The information herein is not complete and is subject to change. We may not sell securities of the Champion Fund until the Fund's registration statement filed with the Securities and Exchange Commission is effective. This website is not an offer to sell these securities and is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.
Most private market investments come with a catch: you can’t get your money out. Lockups can range from five to ten years—or longer—tying up capital in opaque structures with no liquidity, no pricing transparency, and no redemption rights.
That model may work for large institutions. But for individual investors, emerging allocators, and advisors seeking flexibility, it creates a massive barrier to entry.
Enter the interval fund.
As one of the most investor-aligned structures in the private markets, the interval fund brings together institutional exposure and periodic liquidity—all within a 1940 Act-regulated vehicle. And in a dynamic, fast-evolving category like sports, that structure is a game-changer.
What Is an Interval Fund?
An interval fund is a type of closed-end fund registered under the Investment Company Act of 1940 (the “40 Act”). Unlike traditional private equity or venture funds, interval funds:
Continuously offer shares to investors
Calculate and publish Net Asset Value (NAV) regularly (often monthly)
Offer periodic redemptions (usually quarterly or semi-annually), subject to limits
This means investors can access professionally managed private market strategies—like sports investing—without committing to a decade-long lockup or navigating complex fund terms.
In other words: real access, with real oversight.
How It Works
Here’s how Champion Fund’s interval structure operates in practice:
NAV-Based Pricing: Shares are purchased and redeemed at the fund’s NAV, calculated daily based on fair market value of the underlying assets.
Redemption Windows: Twice per year, investors may submit redemption requests for a portion of their holdings, up to a maximum fund-wide limit (expected to be 5% of NAV per window). Redemptions are fulfilled on a pro-rata basis if oversubscribed.
Evergreen Structure: New capital can enter at any time, subject to current NAV pricing—allowing for consistent fundraising and portfolio management without capital calls or deployment delays.
The result is a structure that offers the best of both worlds: long-term investment in private markets with planned, predictable windows of liquidity.
Why It Matters in Sports
The sports economy is built on long-term value creation—but it moves fast.
From M&A trends in team ownership to emerging technologies, NIL monetization, and media rights innovation, investors need a structure that can respond to the market without locking them into inflexible, legacy fund formats.
Interval funds provide that flexibility:
Liquidity Without Volatility: You can redeem, but not panic-sell. This protects both the investor and the portfolio.
Professional Oversight: Funds are governed by boards, must comply with 40 Act disclosure requirements, and undergo regular audits.
Strategic Optionality: Investors can scale their position over time or reduce it if needed—without triggering forced sales of illiquid assets.
In a category like sports—where investor interest is growing but infrastructure is still maturing—we believe that’s a huge advantage.
Breaking the Lockup Paradigm
Traditional private funds ask for long-term trust with short-term opacity:
You commit capital up front
You wait years for updates
You have no say in when or how exits happen
Interval funds flip that model:
You invest at NAV, with full transparency
You receive performance updates and reporting on a regular basis
You have defined, scheduled opportunities to redeem
This doesn’t mean unlimited liquidity. But it does mean structured, investor-friendly liquidity—designed to align long-term strategy with real-world needs.
Who This Structure Serves
The interval fund model is ideal for a wide range of investors:
Accredited and Non-Accredited Individuals seeking access to alternatives
Advisors and RIAs building diversified portfolios with periodic rebalancing
Family Offices and Wealth Platforms seeking more dynamic cash management
Athletes and Creators with inconsistent cash flow cycles but long-term wealth-building goals
By removing the lockup barrier, interval funds make private markets accessible not just to institutions—but to the full spectrum of modern investors.
Why Champion Fund Chose This Model
At Champion Fund, we knew from the beginning that the traditional fund model wouldn’t work for our mission. We’re not just offering exposure—we’re building a new on-ramp into the private sports economy.
That meant designing a vehicle that could:
Accommodate rolling inflows and dynamic portfolios
Provide fair and transparent pricing at every entry point
Support liquidity while protecting portfolio integrity
Operate within a regulated, investor-first framework
The interval fund was the only model that checked every box—and matched our belief that access to sports investing shouldn’t require a lockup.
Closing Thought
The future of private markets isn’t just about what you invest in. It’s about how you invest.
Interval funds offer a new path forward—one built on access, transparency, and flexibility. In the sports economy, where momentum is building and investor demand is rising, this structure doesn’t just enable participation—it empowers it.
