Tom Auchterlonie
Investcorp has partnered with Securitize to capitalise on a market opportunity estimated at about $400bn.
Trade group calls for LPAC consent in some cases, and for new fund documents to cover usage and limits.
New offering relies on AI for data gathering and processing, with people reviewing the work.
Speakers for a panel focused on continuation funds at the Private Funds CFO New York Forum discussed secondaries fundraising growth.
ILPA representative cites transparency and issues of using NAV loans at the Fund Finance Association’s Global Symposium, but the growing market for the facility has its staunch defenders.
Panellists at affiliate title Private Funds CFO's New York Forum shared tips including the importance being proactive about LP relationships and having cross-team support.
Managers’ adoption challenges include leaks of material non-public information and archiving.
The trade group has issued guidance to address concerns over conflicts and the speed of GP-led deals.
Group largely backs two proposed items in SEC rule, but with compromise on legal liability.
Ratings could broaden investor base, and may open the door to a future capital markets solution for the fund instruments.