In Alternative Views, Private Equity Wire® goes behind closed doors with those in the know to get the latest on private markets. In this episode we discuss individuals investing in closed-ended funds with Claire Madden, co-founder and managing partner at Connection Capital.
The firm provides qualified individual investors access to long-term private markets investments, without the liquidity offered in the evergreen fund structures which have been the driving force behind broadening private markets access to individuals.
Madden discusses opening up private markets to elected professional clients (1:36); why additional liquidity is not necessary to widen access to private markets (2:46); why firms should target investors whose needs are best suited to private markets (4:15); the contradiction of offering liquid funs which invest in illiquid assets (7:27); how individual investors assess the fees associated with private markets investments (14:06); and they behave during a downturn (16:09).
