New Multi-Fund Private Equity Products Aim for Advisors
A new round of products bundling multiple private equity funds into single vehicles is rolling into the independent advisor market, as managers and platforms alike continue searching for ways to make the asset class more accessible to individual investors.
The newer products build on the longstanding fund of funds model that packages multiple funds into a single vehicle, but which has fallen into disfavor among advisors. These approaches – most recently from players as varied as Hatteras Funds, Adams Street Partners, and iCapital Network – are adapting the structure to solve for its common hitches, such as high fees, overly broad fund lineups, and private equity’s clunky transactional burdens.
Read the article at Fundfire