Simpson Thacher Attorneys Author Law360 Article on the Evolution of Interval Funds
Interval funds, once on the periphery of the asset management world, are now central to discussions on retail access to private markets—particularly amid growing interest in 401(k) diversification following the recent executive order on adding alternative assets to retirement plans and target-date strategies.
Partners Ken Burdon, Jonathan Gaines and Neesa Patel Sood authored an article in Law360 titled "A Close Look At The Evolving Interval Fund Space," which explores how interval funds have evolved from niche institutional products to vehicles giving retail investors access to private market strategies like direct lending, private equity secondaries and infrastructure. The article also highlights launches by prominent private equity sponsors and explains the operational innovations that allow these funds to scale and offer institutional strategies within a 1940 Act framework while meeting periodic liquidity requirements.
Associate Daniel Sifredo also provided valuable contributions to the piece.
To read the full article, please click here.