Private Funds Nuts & Bolts: '40 Act Registered Closed-End Funds of Private Equity Funds

February 12, 2020

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This webinar covered the following: 

Registered closed-end funds of private equity funds are gaining in popularity. These funds allow accredited investors to gain exposure to a diversified portfolio of underlying private equity funds through fund investors, secondary fund purchases and direct co-investments.

Partners Richard Horowitz and Jon Gaines discussed the latest developments in structuring these complex funds of funds, the ability to offer multiple classes of shares, the need for co-investment exemptive relief and whether the SEC may permit these funds to be offered to retail investors.

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