Investment Management Partner Quoted in FundFireon Increasing Sponsor Interest in New Fund Products and Offerings
A recent article by FundFire on the surge in registered investment company (RIC) products featured extensive commentary by investment management partner Michael Doherty (New York). According to Mr. Doherty, more could be on the horizon from private equity firms seeking to expand their investor base and traditional asset managers exploring new strategies. Mr. Doherty notes that while the process to construct and launch these funds can be protracted and complex, additional PE RIC funds may soon be available. Before launching a product, private equity and hedge fund sponsors should consider the additional regulatory entanglements associated with these types of products.