Based on total net assets, private equity is the second most popular category of tender offer funds. Private equity tender offer funds have over $10 billion in net assets, accounting for 31% of total tender offer fund AUM, as of March 2021. In this post we summarize the benefits of private equity , and look […]
Based on total net assets, the most popular tender offer fund category is a fund of hedge funds. Hedge fund focused strategies have over $11.5 billion in net assets, accounting for 36% of total tender offer fund AUM, as of March 2021. In this post we summarize the benefits of hedge funds, and look at […]
The Partners Group Private Equity (Master Fund) has $6.7 billion in total net assets, making it the largest tender offer fund currently in the market. Partners Group also has a smaller fund: the Partners Group Private Equity Income Opportunities Fund, with $67 million in Net Assets. With these two funds combined, Partners Group accounts […]
SkyBridge is a multi strategy alternative asset manager that focuses on hedge fund solutions, and opportunistic investments. Launched in 2005 by Anthony Scaramucci, SkyBridge acquired the hedge fund solutions business from CitiGroup in 2010. SkyBridge offers hedge fund solutions in a variety of investment vehicles including unlisted closed end funds, private funds, and separate accounts. […]
More and more investors are discovering the advantages of using unlisted closed end funds to access alternative investments. Regardless of investment strategy, using an unlisted structure allows a manager to focus on long term opportunities, without worrying about short term fluctuations. The additional step required for an investor to exit a fund also helps with […]
John Hancock has launched a new unlisted closed end fund: John Hancock GA Senior Loan Trust. The fund is offering its shares via a private placement, with John Hancock Distributors, LLC serving as the distributor. This new fund follows the successful launch of John Hancock GA Mortgage Trust in 2019. The Mortgage Trust has $1.5 […]
Aspiriant Risk-Managed Real Asset Fund filed a preliminary prospectus on November 3. This fund will use a fund of funds strategy with an investment objective of long term capital appreciation. The draft prospectus registers $1,000,000 in shares for sale, although that can be increased in the future. Aspiriant Risk-Managed Real Asset Fund Strategy Aspirant Risk […]
The Investment Company Act of 1940, which defines the landscape for retail investment products recently turned 80 years old. Tender offer funds and Interval funds are increasingly popular structures that fit into this category but they are only one part of a much broader landscape. Lets take a closer look at the different types […]
The unlisted closed end fund sector continues to grow. So far in 2020, nine new tender offer funds have filed initial registration statements. These new funds encompass a wide variety of strategies, and a wide range of fund sponsors. Our fund launches page contains a downloadable list of new tender offer funds. This article […]
There are two types of unlisted closed end funds: interval and tender offer. Both types can work for a wide variety of asset classes and strategies, serving as available tools in investor portfolios. In this article we compare and contrast, outlining the most important similarities and differences between interval and tender offer funds. Key […]