Navigating Interval Fund Governance: Key Considerations for Fund Directors

Private markets have experienced rapid growth, and so have closed-end interval funds. The Securities and Exchange Commission’s Investor Advisory Committee has called registered interval funds an “optimal way for retail investors to access private market assets.” Many mutual fund sponsors have begun sponsoring, or are considering sponsoring, interval funds for the first time, and may ask their existing mutual fund directors to sit on boards of such funds.

Dechert partner Paul S. Stevens Jr. has authored a comprehensive discussion concerning key aspects of interval fund governance and the important considerations for directors serving on an interval fund board, noting that certain responsibilities differ significantly from those applicable to open-end mutual funds. Click the link below to read the full article in The Investment Lawyer.