When the Gate Outlives the Investor: What Happens to Illiquid Investments When an Estate Is Settled?
In late May, we wrote about liquidity across the four structures that commonly deliver private market investments to clients: capital call funds, evergreen funds, interval funds, and 1940 Act mutual funds. That article struck a chord. Several people reached out to say it helped clarify why these vehicles behave so differently from traditional stocks, bonds, […]