drawdown funds
also referred to as: drawdown fund
4 statements across 3 episodes · 2 bullish · 1 bearish · 3 people on the record · first statement May 5, 2025 by Michael Sidgmore · across every show →
Everything said about drawdown funds, oldest first
May 5, 2025 positive
May 26, 2025 positive
Wealth clients prefer 8-10% evergreen funds over 11-14% drawdown lockups
“For managers that are in the, what I call, no man's land, And this is what I mean by that. Your returns are somewhere between 11 to 14% net returns is what you've delivered, and you are looking to lock up your capital for 10 to 15 years, and no one ever ends o…”
May 26, 2025 neutral
J.P. Morgan prefers evergreen funds for credit but drawdowns for venture
“So in places like direct lending, core plus real estate, and even value-add a little bit, and in infrastructure investment, the core core plus space, we prefer a lot of the evergreen strategies. And then in the more directional private equity, definitely growt…”
Mar 30, 2026 bearish
Non-traded BDCs recreate the structural asset-liability mismatches of the past
“Maybe we do a non-traded BDC, which was now up to 2018. That's where I was like, well, this is the original asset liability mismatch that you tried to cure by doing a drawdown fund because You might have all the investors looking for the exit, even though it's…”