Launching Open-Ended Funds: What GPs Need to Know

Summary

As more GPs move into open-ended and semi-liquid fund structures, many are finding the operational and structural complexities greater than expected. In this webinar, Jonathan Cowan, Managing Director at Ares Management and Jaime Madell, Partner at Paul Hastings, join Bryan Cohen, Managing Director and Joseph Liberator, Business Development Director at Validus Risk Management, to explore what fund managers need to know when launching and operating these vehicles.

Key topics include why open-ended structures are gaining traction in private capital, critical legal and structural considerations at fund inception and how banks approach underwriting and providing credit to these funds. The discussion also covers the operational infrastructure required to support subscriptions, redemptions and NAV cycles.

The session further examines managing currency exposure and share-class hedging within a changing fund structure, along with practical insights from GPs already running open-ended strategies, giving firms a clearer understanding of the challenges and how to address them.