Long/short equity strategies account for most of the seeding activity in the hedge fund industry, but law firm Seward & Kissel found that last years’ seeding activity centered on the backing of less liquid strategies such as private equity GPs and venture capital firms.
The closed end structures prevalent in less liquid private equity/VC arenas represented a growing share of the activity according to officials. Overall activity hasn’t recovered to the pre-pandemic trajectory observed in 2019 and early 2020. Interest in hybrid offerings though and other relatively liquid funds whose mandate includes private . . .
Continue Reading
Unlock this article instantly, along with the rest of our premium content and benefits including daily/weekly/monthly newsletters.