Alternative investment managers thought their prayers had been answered. When some firms started listing closed-end funds to access so-called permanent capital, which allows them to extend the duration of their funding to near perpetuity, it looked like a solution they all could use. It isn't.
While several alternative managers have successfully raised funds through the equity capital markets, other well-known players have had deals fail in the initial public offering (IPO) process. Permanent
The week on Risk.net, July 7-13, 2018Receive this by email