White Paper Summary: Interval Funds - What Investors Need to Know

Summary: 2017 white paper by Union Square Capital Partners

· Interval funds allow for broad access to asset classes that were previously unavailable to both non-accredited investors and smaller investment outfits due to onerous investor qualifications.

· This 2017 whitepaper, using data from 2014-2017, identifies how interval funds allow for a broader universe of investors to participate in an alternative investment strategy that helps reduce volatility and enhance returns, albeit in exchange for short-term liquidity (as redemption is only offered at specified intervals and only for a percentage of the interval fund’s shares).

· This supposed liquidity disadvantage represents a major benefit to investors seeking long-term performance with low exposure to volatility. 

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