Versus Capital Real Assets Fund LLC: management transactions · United States · SEC (Form 4)

About Versus Capital Real Assets Fund LLC

Versus Capital Real Assets Fund LLC, now presented under the Harrison Street Real Assets Fund LLC name, is a U.S.-based real assets investment vehicle focused on long-duration exposure to hard assets and related securities. For international investors, it is important to frame VCRRX correctly: despite being searched like an equity ticker, it is not a conventional operating company listed on the NYSE or NASDAQ. It is an SEC-registered interval fund in the United States, with daily subscriptions and only periodic liquidity through quarterly repurchase offers. The fund was organized as a Delaware limited liability company on September 26, 2016, and began operations on September 18, 2017. Its headquarters are in Denver, Colorado, United States, which anchors the strategy and administration in a U.S. market context. The fund’s core mission is to deliver “real returns” over the long term through current income and capital appreciation, while maintaining low correlation to traditional public equity and fixed income markets. Strategically, it targets exposure to infrastructure, timberland, agriculture/farmland, and other real asset-linked opportunities. According to its prospectus, it may gain this exposure through third-party private funds, wholly owned subsidiaries, a controlled sub-REIT structure, publicly traded equity and debt securities related to real assets, and direct private debt investments tied to real asset projects and borrowers. This multi-channel structure gives the manager flexibility to access both private and public markets, although it also means investors should expect complexity, valuation nuance, and liquidity constraints typical of interval funds. From a competitive standpoint, VCRRX sits in a specialized segment of the alternatives market: a packaged real assets solution designed for investors seeking inflation sensitivity, potential income stability, and diversification benefits. Its positioning is supported by the Harrison Street platform, which is widely associated with real asset investing, and by the use of Brookfield Public Securities Group LLC as sub-adviser for a portion of the portfolio. That combination suggests access to institutional sourcing, sector knowledge, and a broader real-asset ecosystem. The fund’s structure and mandate make it more comparable to other alternative pooled vehicles than to a listed REIT or operating company. Recent developments are also notable. SEC filings in 2025 show that the fund changed its name from Versus Capital Real Assets Fund LLC to Harrison Street Real Assets Fund LLC, reflecting a brand transition and likely a strategic alignment with the Harrison Street platform. Public fund materials also indicate assets under management of roughly $2.189 billion and a quarterly distribution pattern. For investors tracking SEC Form 4 insider transactions, the relevant takeaway is that these filings relate to the fund and associated reporting persons within the SEC framework; they should not be interpreted as ordinary insider activity in a standard NYSE/NASDAQ-listed operating company. Overall, VCRRX is best viewed as a U.S. real assets interval fund with institutional-style exposure, limited liquidity, and a portfolio construction process centered on inflation-linked alternative assets.