Unlisted Closed-End Funds: Growth and Opportunities for New Entrants

Strong demand for alternative strategies in semi-liquid vehicles continues to drive growth in the unlisted closed-end fund space.

After underwhelming performance in 2022 along with overall industry trends, investors with longer-term outlooks kept faith in these vehicles—interval and tender-offer funds—that, by construct, limit liquidity.

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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 2023, as well as insights into top investment categories, strategies, pricing and top performing funds.

Key analysis includes:

  • Top performing unlisted closed-end funds
  • Unlisted closed-end fund performance by category
  • Unlisted closed-end fund assets by category
  • Present offerings and proposed launches
  • Top largest unlisted CEFs
  • Insight into investor categories for interval and tender-offer funds
  • AUM of unlisted closed end funds by investor type
  • Average management fee by category
  • Future outlook into 2024

Unlisted Closed-End Funds: Growth and Opportunities for New Entrants

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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