Simpson Thacher in the News
Go Back
Steven Grigoriou Quoted in Private Equity Law Report on Due Diligence Processes and Considerations for Retail Distribution Platforms
Partner Steven Grigoriou was quoted in a Private Equity Law Report article titled, “Selection Criteria, Due Diligence Processes and Potential Pitfalls of Retail Distribution Platforms (Part Two of Two),” which discusses specific factors that fund managers should consider when being listed on a platform. In the article, Steven notes one of the largest concerns for a fund manager is the sheer AUM that some platforms - particularly, wirehouses - require clients to bring to the table. Regarding regulatory concerns, Steven added that significant hurdles at the state level may remain for managers marketing their fund products through distribution platforms, namely, caps that some states impose on the portion of certain investors' net worth that may be invested in alts.
To read the full article, please click here (subscription required).