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There are a few potential misalignment of interests between managers and investors of evergreen funds. We've already seen what happens when investors, who seem to always want to sell at the same time, come into conflict with a fund that owns assets meant to be held long term. And while evergreen funds aren't necessarily more expensive than closed-end counterparts, the devil is always in the details.
Read MoreSuccessful Venture Capital requires exposure to the statistical outliers. This typically means allocating more capital to funds that are smaller, more concentrated, and may be run by managers with limited track records. As a result, VC may not be suitable for every investor. Click here to read more about how we view the asset class and approach portfolio construction for patient capital.
Read MoreThe illiquidity premium has nothing to do with holding period. Rather, it exists in areas where capital is less abundant. Lately, however, there’s no shortage of cash flowing into private investments as retail and institutional investors alike have upped their deployment into venture capital and private equity. Fortunately, it’s not too late to find opportunities, as long as investors’ remain judicious and follow a disciplined process.
Read MoreAfter reviewing thousands of prior investments, financial advisors often develop a good “feel” for what sets a good deal apart. However, experience and common sense analysis is simply not enough. It certainly helps, but where’s the accountability in that? At SineCera Capital, we’ve established written policies and best practices that cover both the art and science of investment due diligence.
Read MoreIn today’s market environment, providing investors with clarity is easier said than done, especially when it comes to private market investments. While we’re still in the early stages, here are some thoughts to help investors prepare.
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