Tail-End Funds: Should End Of Life Be A New Beginning?

Guest post by Julia D. Corelli, Partner, Pepper Hamilton LLP

This article sponsored by Pepper Hamilton originally appeared in The Legal Special 2018 by PEI in April 2018.

The top challenges of the private equity business model have always been threefold: replenishing the coffers every four to five years, deploying capital successfully in the investment period and harvesting investments at the peak of their valuations. Underlying these concerns is one salient fact: the fund usually has a finite term. Since nothing goes perfectly in life or investment management, this article considers the challenges faced by fund managers as the fund approaches the end of its term.

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