Designed to serve as your primary source for navigating the world of alternative investments.
Over the past several years, the market for evergreen, semi-liquid funds designed for individual investors has evolved dramatically, narrowing the gap in both quality and cost relative to the private market funds available to institutional investors.
While private equity has been slower to evolve, a growing number of large-scale asset managers have entered the market with private equity tender offer funds and evergreen structures, bringing with them more institutional-style pricing, structure, transparency, and education.
The ability to invest capital with well-known, established managers into private equity vehicles that are not only competitively priced but that also deploy the capital quickly has been a game changer for many investors. These structures deliver instant exposure to seasoned portfolios of private equity, compared to traditional closed-end funds in which the committed capital is drawn down over several years.
With the presence of high-quality managers, lower investment minimums, and the ability for investors to become fully invested on day one, it is not surprising that the adoption of tender offer funds by the private wealth channel has accelerated in recent years.
Given the number of proven managers now fully committed to this market, we expect the trend towards even lower costs and broader access to only continue.
Co-Founder and Managing Partner,
Head of Portfolio Management
MONTHLY MARKET ROUNDUP
IN CASE YOU MISSED IT
MONTHLY ALTS PULSE: EPISODE 6
PODCAST: THE INVESTOPEDIA EXPRESS
NEW AT iCAPITAL
The material herein has been provided to you for informational purposes only by Institutional Capital Network, Inc. (“iCapital Network”) or one of its affiliates (iCapital Network together with its affiliates, “iCapital”). This material is the property of iCapital and may not be shared without the written permission of iCapital. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission of iCapital.
This material is provided for informational purposes only and is not intended as, and may not be relied on in any manner as, legal, tax or investment advice, a recommendation, or as an offer or solicitation to buy or sell any security, financial product or instrument, or otherwise to participate in any particular trading strategy. This material does not intend to address the financial objectives, situation, or specific needs of any individual investor. You should consult your personal accounting, tax and legal advisors to understand the implications of any investment specific to your personal financial situation.
iCapital Markets LLC operates a platform that makes available financial products to financial professionals. In operating this platform, iCapital Markets LLC generally earns revenue based on the volume of transactions that take place in these products and would benefit by an increase in sales for these products.
The information contained herein is an opinion only, as of the date indicated, and should not be relied upon as
the only important information available. Any prediction, projection or forecast on the economy, stock market, bond market or the economic trends of the markets is not necessarily indicative of the future or likely performance. The information contained herein is subject to change, incomplete, and may include information and/or data obtained from third party sources that iCapital believes, but does not guarantee, to be accurate. iCapital considers this third-party data reliable, but does not represent that it is accurate, complete and/or up to date, and it should not be relied on as such. iCapital makes no representation as to the accuracy or completeness of this material and accepts no liability for losses arising from the use of the material presented. No representation or warranty is made by iCapital as to the reasonableness or completeness of such forward-looking statements or to any other financial information contained herein.
Securities products and services are offered by iCapital Markets, an SEC-registered broker- dealer, member FINRA and SIPC, and an affiliate of iCapital, Inc. and Institutional Capital Network, Inc. These registrations and memberships in no way imply that the SEC, FINRA, or SIPC have endorsed any of the entities, products, or services discussed herein. Annuities and insurance services are provided by iCapital Annuities and Insurance Services LLC, an affiliate of iCapital, Inc. “iCapital” and “iCapital Network” are registered trademarks of Institutional Capital Network, Inc. Additional information is available upon request.
© 2024 Institutional Capital Network, Inc. All Rights Reserved.