Unlike traditional closed-ended funds, evergreen funds seek to accommodate investor liquidity requirements while maintaining exposure to underlying illiquid assets. While this development presents considerable opportunities for both managers and investors, it also introduces important operational and governance challenges.
Continuation funds are now a mainstream feature of private markets, but their long-term success depends on robust governance, transparent processes, and effective management of conflicts of interest.
This guidance examines how investors can promote sustainable practices in commodity markets and addresses key considerations around the carbon accounting of commodity instruments.
Valuations in private markets have far-reaching implications, and concerns about their reliability have been growing among investors and regulators in recent years.
Discussions around trade errors, omissions, and breaches are sensitive given it is not a “zero failure” environment. In this memo, we explore the spectrum of approaches and treatment of these and highlight how investors and managers can improve dialogue for mutual success.
The SBAI expands on existing frameworks for GHG-emission accounting to develop a methodology that allows for the incorporation of derivatives and short positions. The framework outlines the case for inclusion from the perspective of measurement of GHG-emission risk exposure and sustainability outcomes (impact).
The Securities and Exchange Commission (SEC) has introduced new rules to address conflicts of interest when advisers offer investors the choice between selling or exchanging their interests in a private fund for interests in another vehicle managed by the adviser or related parties. In this piece, we explore the impacts of these new rules for investors and managers and highlight considerations for effective implementation.
