ALPS has launched the ALPS Interval Fund Platform, a structure built to support retail closed-end funds and interval funds.
The ALPS platform, which combines ALPS’ experience in servicing closed-end funds with DST’s shareholder record-keeping and distribution capabilities in the alternative space, was designed to provide a turnkey solution for alternative investment managers looking to launch '40-Act registered interval funds and other continuously offered closed-end funds.
In addition to a cost-effective suite of services provided by ALPS Fund Services and ALPS Distributors, funds launched on the ALPS Interval Trust Platform have access to services from leading law firms and auditors. The platform can accommodate the liquidity requirements of offerings that use semi-liquid hedge fund strategies, including fund-of-funds strategies.
Jeremy May, President of ALPS Fund Services, expects the ALPS Interval Trust Platform to be particularly attractive to alternative investment managers hoping to get their strategies to the retail marketplace.
“Our experience tells us that interval funds are emerging as a popular investment vehicle for investors,” says May. “I think the platform will fill a great need for alternative investment managers wishing to offer ’40 Act registered products without the daily liquidity constraints of an open-end mutual fund.”
DST, well known as one of the largest third-party provider of recordkeeping services in the U.S., is also a leading provider of alternative fund solutions to the retail market. Along with its unique distribution support, DST is singularly well-equipped to handle the complexities of interval funds and other continuously offered closed-end funds.
”We’re keenly aware that retail alternatives are growing in popularity across many different sectors of the market,” says Robyn Holloway, Vice President for Alternative Fund Solutions at DST. “That’s why we’re sure that the ALPS Interval Fund Platform will be an attractive option for many investment managers.”
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