Report

Unlisted Closed-End Funds: Proven Concepts Ready for Next-Generation Investors and Product Trailblazers

Unlisted closed-end funds continue to establish a market presence as more strategies launch and adoption grows among advisors. In this report, we explore how a 100-year-old investment vehicle has flourished since 2014. Given their unique impact and value as investment vehicles and portfolio construction options for all levels of investors, it’s no wonder that what’s old is new (and now proven) yet again.

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Download our report, produced in partnership with FUSE Research Network, to review a market update reflecting on data through the first half of 2024, as well as insights into top investment categories, strategies, pricing and top performing funds.

Key analysis includes:

  • Interest in unlisted Closed-End Funds (CEFs) remains strong into 2024, contrary to expectations of a decline.
  • Interval funds focused on credit/income and real assets strategies are projected to perform well through the end of 2024.
  • Tender-offer funds with private equity and multi-alternative strategies are anticipated to attract significant inflows this year.
  • The evolution of these investment vehicles is noted by both investors and fund sponsors, highlighting their success.
  • New investors and advisors are becoming more comfortable with the higher liquidity risk associated with alternative assets for longer-term investments.
  • The market for unlisted CEFs has potential for further growth, bolstered by historical performance.
  • Current market conditions favor the emergence of new product manufacturers in the unlisted CEF sector.

Unlisted Closed-End Funds: Proven Concepts Ready for Next-Generation Investors and Product Trailblazers

Industry leading expertise and experience in closed-end fund structures

UMB Fund Services is a leader in unlisted closed-end fund servicing, offering a unique servicing technology and a start-up platform both designed specifically for unlisted CEFs. We offer a broad array of services for mutual funds and alternative investments, including turnkey solutions, to help clients bring new products to market and position themselves for future growth.

At UMB, we excel at adapting in an ever-changing market environment. This agility positions our operation to meet client needs now and in the future.

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