Nasdaq Fund Secondaries, LODAS Markets and Harrison Street Asset Management (HSAM) have announced a collaboration in the development of a managed transaction environment designed to provide incremental liquidity dynamics to interval-fund investors. The collaboration enables a technology solution intended to address structural liquidity challenges across the semi-liquid fund ecosystem amid growing demand for liquidity within interval-fund structures.
Interval funds allow investors to access private markets and other alternative strategies through a regulated investment structure. While these funds offer periodic opportunities for repurchases, investors and financial advisers have limited options when liquidity needs arise outside scheduled repurchase windows. The environment would provide a pathway for a periodic auction process that is designed to provide investors with greater liquidity flexibility and complement the existing interval-fund structure.
HSAM, through an
