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
Below, you can also find helpful excerpts from the whitepaper, including an Executive Summary and Questions for LPs to Ask GPs.
