Unpacking Interval Funds and Tender Offer Funds
Robert Collins and Josh Deringer will introduce the nontraded closed-end fund structure. They will describe the legal and operational considerations when determining to structure a tender offer fund or an interval fund. They will also discuss the appropriate strategies for these fund structures, the distribution channels and investor suitability considerations, and other operational considerations. Rob and Josh will also discuss leverage limitations and considerations with NAV lines and other types of borrowings these funds engage in, as well as considerations in structuring credit investments by these funds. Registration now open to LSTA Members.