AIMA Fund Manager Briefing: Meeting in the Middle – Convergence of Public and Private Strategies

Historically, hedge funds and private equity funds occupied two distinct realms within the alternative investment funds industry; hedge funds typically being structured as open-ended funds pursuing generally liquid and public investment strategies, and private equity funds typically being structured as closed-ended funds pursuing generally illiquid and private investment opportunities.

A ‘convergence’ of the two structures accelerated following the 2008 financial crisis as managers moved into less liquid credit strategies. Traditional hedge fund managers have been increasingly pursuing longer-term, more concentrated and less liquid investment strategies as part of, or as a supplement to, their primary strategies. Conversely, traditional closed-ended private equity and private credit managers have been increasingly seeking to access a new source of capital and investor base through the offering of more liquid and shorter-term private strategies through open-ended vehicles.

This webinar seeks to cover the approaches taken to fund and product structuring in this hybrid space to meet the needs of the investment strategies and opportunities described above.

If you have any queries related to this webinar, please contact Abby Cook.

If you are a reporter and would like to attend this event, please contact pressteam@dechert.com.