The unlisted closed end fund market continues to grow rapidly. At the end of 2024, there were $75.6 million in net assets in tender offer funds, up 32.9% from the prior year. Fund launch trends indicate that this growth is likely to continue in 2025. In fact, this most recent year was record setting in […]
Morgan Creek Global Equity Long/Short Fund launched in 2011. It is an unlisted closed end fund(tender offer fund) that invests in a diversified portfolio of hedge funds and other private funds, mainly following long/short equity strategies, including both US and foreign stocks. They invested in many of the largest brand name hedge fund franchises including […]
SkyBridge is a famous, some would say infamous alternative asset manager. It is one of the largest sponsors of hedge fund vehicles that use the transparent 40 act fund structure known as a tender offer fund. SkyBridge Multi Adviser Hedge Fund Portfolios and SkyBridge G II Fund LLC each offer exposure to some of the […]
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 […]
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 […]