Wildermuth Fund Securities Lawsuit Investigation

Shamis & Gentile P.A., one of the nation's premier class action law firms specializing in securities fraud cases, is investigating potential claims against Wildermuth Fund (WESFX, WEFCX, WEIFX)

If you purchased or acquired Wildermuth Fund securities between November 1, 2020 and June 29, 2023, you may be eligible to join this class action lawsuit and seek compensation for your losses.

About Wildermuth Fund

Wildermuth Fund, also known as the Wildermuth Endowment Strategy Fund, operated as a closed-end interval mutual fund. The Fund invests in a mix of traditional assets and alternative investments, including private equity, real estate, technology, and healthcare.

Over time, the Fund shifted its investment strategy to focus heavily on private equity and illiquid assets.

The Allegations

The securities class action lawsuit alleges that Wildermuth Fund and related defendants intentionally and/or recklessly overstated the value of the Fund’s investments and NAV from November 1, 2020 to June 29, 2023. According to the complaint, the Fund’s management miscalculated fair values, concealed the financial distress of certain portfolio companies, and failed to disclose that the Fund’s assets were largely illiquid and overvalued.

It is alleged that the Fund’s adviser and executives propped up failing portfolio companies with undisclosed cash infusions, which allegedly artificially inflated the Fund’s NAV. This, in turn, led to the payment of excessive advisory fees and caused investors to purchase shares at prices that did not reflect the true underlying value of the Fund’s assets.

The situation came to a head on June 29, 2023, when the Fund’s board approved a plan of liquidation. After a new adviser, BW Asset Management Ltd. (a subsidiary of Kroll), took over, the Fund’s NAV was dramatically revised downward. By October 2024, the NAV was reported to be less than $2.00 per share, an approximate 80% reduction from previously reported values.

The class action lawsuit claims that this massive drop exposed the extent of alleged overvaluation and resulted in significant losses for investors.

Important Dates

• Class period: November 1, 2020 to June 29, 2023
• Complaint filed: October 29, 2025
• Lead plaintiff deadline: December 29, 2025

Your Rights and Next Steps

If you purchased or acquired Wildermuth Fund securities (WESFX, WEFCX, or WEIFX) during the class period, you may have important legal rights.

As a potential class member, you can:

• Join the class action to seek recovery for your financial losses.
• Seek appointment as a lead plaintiff by submitting the appropriate paperwork before the December 29, 2025 deadline. The lead plaintiff acts on behalf of all class members and works closely with lawyers throughout the litigation.
• Choose to remain a passive class member, in which case you will still be eligible for any potential settlement or recovery if the lawsuit is successful.
• Opt out of the class action if you wish to pursue your own separate legal action.

Lawyers are ready to help you understand your options and guide you through the process. You are not required to become a lead plaintiff to participate in any potential recovery, but acting before the deadline ensures you preserve your rights.

You May Be Entitled to Compensation

If you invested in Wildermuth Fund securities between November 1, 2020 and June 29, 2023 and suffered losses, you may be entitled to compensation. Lawyers are available to review your situation, answer your questions, and help you take the next steps.

To find out if you qualify and to join the class action lawsuit, complete the below form.