This whitepaper is the first in a series to help LPs understand the growing influence of retail vehicles in private markets.
- The definition and key characteristics of retail vehicle offerings, such as Tender Offer Funds, Interval Funds, Non-Traded BDCs, and Non-Traded REITs, and how they differ from traditional institutional private funds
- The potential implications for investment allocation, conflicts of interest, economics and incentives, transparency and governance, as well as broader market health
- Market overview along with updates on legislative and regulatory developments with the potential to further drive the growth of retail participation in private markets
- The ins and outs of how retail vehicles operate in terms of investments and allocations, liquidity, valuations, fees and expenses, and governance
- A set of questions LPs can use to engage GPs on retail vehicles and potential impacts on institutional funds
