Note: XA Investments contributed this article 1. Start the Process with Sales The sales, distribution, national accounts and marketing strategy is often overlooked or discounted by investment strategy-led firms. Many first-time fund sponsors begin drafting the N-2 prospectus before working through the various sales and marketing considerations, which can impact the terms and structure of […]
All interval funds must be governed by a fund board of directors. Like a corporate board of directors, the board of an interval fund registered under the Investment Company Act of 1940 (the “1940 Act”) has a fiduciary duty to represent the interests of the fund’s shareholders. The operations of the fund, however, are clearly different than those of a corporation.
The structure of the interval fund sector is changing as it expands. Here are three key interval fund market themes to watch out for. Giants Walk the Earth At the end of 2022 there were 16 interval funds with net assets greater than $1 billion. Five years ago, there were only six funds with $1 […]
The interval fund sector set more growth records in 2022. At the end of 2022, interval fund net assets totaled $63.5 billion, up 29.8% compared to the end of 2021. There were 79 active funds with assets(1), compared to 68 at the end of 2021. Credit and Real Estate were the fastest growing interval fund […]
ARK Investment Management has officially launched its new interval fund: ARK Venture Fund. The SEC declared the prospectus effective on August 15, 2022. The new ARK interval fund has some unique features and will probably be as controversial as the sponsor itself. In this article we’ll take a closer look at ARK Venture Fund, and […]