40 Act Funds
topic on 1 show · 3 statements across 2 episodes
3 statements about 40 Act Funds, every show
Madorsky: 40 Act funds pay 200-500 bps premium on secondaries
“Investment bankers would claim that the 40 Act funds are paying anywhere between 205 hundred basis points more than a typical fund. So it's putting pressure on the pricing.”
Madorsky: Retail capital influx pressures fund managers toward secondaries
“I think when that capital comes into the market, there's pressure on those managers to invest it quickly, so therefore, secondaries is a natural avenue for that.”
Dawn: '40 Act funds comprise ~10% of current secondary market buyers
“What we're finding is maybe 10% of our buyers right now, maybe slightly more, but what we are seeing is that when both GP and LP side, when buyers are presenting their offers, often one of the buying vehicles will be their 40 Act fund”