CPG Vintage Access Fund VII, LLC has scheduled a special meeting for its unitholders to vote on an important proposal regarding its investment advisory services. This meeting, set for December 16, 2026, will take place virtually via live webcast. The proposal involves appointing iCapital Fund Advisors LLC as the new investment adviser for the fund.

The decision to hold this meeting and the proposal itself are significant for CPG Vintage Access Fund VII, as they reflect a strategic shift in how the fund will manage its investments moving forward. The Board of Directors believes that this new advisory agreement will benefit the fund and its unitholders by potentially reducing management fees and enhancing investment performance.

Background

CPG Vintage Access Fund VII, LLC is one of several funds managed under the CPG Vintage Access umbrella, which also includes CPG Vintage Access Fund II, III, IV, V, and VI. The fund is incorporated in Delaware and operates out of New York, NY. The company primarily focuses on investment management, aiming to provide its unitholders with attractive returns through strategic investments.

What the Filing Says

According to the recent filing dated November 2, 2026, CPG Vintage Access Fund VII is convening a joint special meeting of unitholders to vote on the proposal to appoint iCapital Fund Advisors LLC as the investment adviser. The filing states: "The Board of Directors of each Fund believes that the approval of the Proposal is in the best interests of each Fund and its Unitholders, and has unanimously approved, and recommends that you vote FOR, the Proposal." This indicates strong support from the board for the proposed changes.

Impact

This proposal may have significant implications for unitholders, as it could lead to a reduction in management fees after the eighth anniversary of the last closing of the sale of the Fund's Units. The change in advisory services is expected to enhance the fund's investment strategies without altering its fundamental objectives or risks.

What's Next

The special meeting will take place on December 16, 2026, at 10:00 A.M. Eastern time, and unitholders are encouraged to participate and vote on the proposal. Further details about the proposal and the voting process are provided in the accompanying proxy statement.