Fund Launch

Interval Fund Tracker keeps tabs on the best industry research covering interval funds.  See the   Research section for additional resources and ongoing updates.

Here are the Top 5 Interval Fund Whitepapers in the industry today.

Launching Innovative Strategies With Continuously Offered Closed-End Funds – DST kasina

Best balanced review of the benefits and challenges of interval funds and other continuously offered closed-end funds.  It also puts interval in their proper context in the broader fund universe.  This is a must read for any Sponsor that is considering launching a fund, or any BD/RIA that plans to offer interval funds.  A few key quotes:

Finally, with much of the negative press associated with non-traded REITS, and an unwillingness among many advisors to invest in business development companies (BDCs), an interval or tender offer closed-end fund structure might be a better option for managers seeking to introduce new and less-liquid real estate or energy investment strategies…

…Sponsors of interval funds need to ensure their national account, sales, marketing and product teams are working symbiotically to educate and engage advisors at the right time during their decision-making process. This includes both in-person and digital engagement. Naturally, some broker/dealer platforms are more receptive than others. Several asset managers have found a receptive home for their interval funds among small- to mid-size broker/dealers. In those cases, the firm’s National Accounts team diligently identified the fund needs of the platform, and worked closely with the platform gatekeepers to position the fund. In addition, they selected several members of their internal/external sales team to actively support platform advisors…