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5: $300B LCP’s Dan Mikulskis on The State of Story in the Fund Industry | Why Fund Mgrs Need to Differentiate (For Real) | How Allocators Influence the Future for Boutiques

Billion Dollar Backstory

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Conversion of Amrit Berg's LP Into an Interval Fund

conversion of Amrit Berg's LP into an interval fund empowered them to grow the fund from 90 million to over 200 million. Homer Berg was able to lower minimums to 25,000 welcome accredited investors in addition to qualified purchasers. Rural and tender offer funds offer managers a flexible wrapper that combines many of the benefits of both 1940 Act and private fund structures. More retail investors are demanding access to non-correlated strategies in illiquid asset classes for supplementing public markets exposure.

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