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