easy · Private Credit & Debt fund-structures-returns-economics
What is the primary difference between an 'Interval Fund' and a 'Tender-Offer Fund' regarding investor liquidity?
- Interval funds are only available to accredited investors, whereas tender-offer funds are for retail
- Interval funds have a mandatory repurchase schedule, while tender-offer funds offer repurchases at the board's discretion
- Interval funds are prohibited from using fund-level leverage to enhance returns
- Tender-offer funds must list their shares on a public exchange like the NYSE
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