Closed End Funds
topic on 4 shows · 4 statements across 4 episodes
Sourcery 
Capital Allocators 
All-In 
20VC
4 statements about Closed End Funds, every show
Hochfelder: Mega-funds of $20B+ inevitably force managers to abandon selectivity
“When you've seen the rise of these individual closed-end funds that are 20 plus billion dollars to be deployed over a four-year period. You can be the world's most extraordinary investor, but if you have that much scale, you are going to be forced to deploy.”
Rodriques: Closed-end fund asset valuations for private equities carry no bearing on reality
“Now, now, the closed-end funds, Are a very different bet because you're betting on FOMO. Because if you look at the underlying value of some of the assets in those closed-end funds, they have no bearing to reality of what those underlying shares are actually w…”
Abraham: Closed-end funds are a flawed instrument for retail private access
“We haven't found the instrument yet to really open up, you know, like private companies to retail investors. And so if close-time fund is the best thing we got going so far, okay, there's some exposure there that people can take advantage of, but I still think…”
Howard Marks: Oaktree's closed-end funds allow aggressive crisis investing
“So the great thing about Oak Tree's position is that a good bit of our assets are in closed end funds where the clients can't withdraw. They've committed money to us. We have it for up to 10 years, and we can do what we think is smart without having to worry a…”