Semi-liquid funds, including LTAFs, are designed to provide investors with access to illiquid or less liquid assets that typically require a longer investment horizon. These funds are structured to support long-term investment strategies with exposure to alternative asset classes.
Common assets that LTAFs can invest in:
Private Equity: Investments in privately-held companies or buyouts of public companies.
Infrastructure: Projects such as transportation systems, renewable energy, utilities, and communication networks.
Real Estate: Commercial properties, residential developments, or other real assets.
Private Credit: Loans to businesses or projects that are not publicly traded.
Venture Capital: Funding for startups and early-stage companies with high growth potential.
LTAFs are structured to align with the long-term nature of these assets, offering less frequent redemption opportunities to match the liquidity profile of the underlying investments.