Meketa Sets Up an Infrastructure Fund Targeting Ordinary Investors

hank

Different twist. This one’s for “ordinary” rather than “regular” investors -

“In the past several years, private-equity firms have begun to raise large amounts of money from retail investors, a group that most alternative-asset managers had typically neglected. Private funds are generally open to people with at least $1 million to invest or an annual salary of $200,000 or more …”

WSJ

Here’s a YAHOO link / story if you don’t have a WSJ subscription.

Crash

Ok, I get it. But I can't get to most of it. Paywall.

finder

I believe they discuss Primark Meketa Private Equity Investments Fund PMPEX, see https://www.primarkcapital.com/offerings/ It is an interval fund.

Crash

Thanks, @finder.
https://www.investopedia.com/articles/investing/120516/what-interval-fund.asp
https://www.investopedia.com/terms/a/accreditedinvestor.asp

BaluBalu

The top three threads at MFO right now are about new fund launches. Making me nervous about the markets.

yogibearbull

Interval-funds are special types of funds that have limited redemption windows and may require investors accreditation (for income/assets). The so-called stability of illiquid markets is from less frequent and fuzzy valuations (they are not marked-to-market). If one has to get out of those, it may be only through private transactions with 30-40% haircut.