Snapshots of Managing Illiquidity in Open-Ended Funds with Private Asset Allocations: Challenges and Solutions

Quickly apply original, key PMR-published papers with Snapshots—a short article companion that distills PMR research into compressed, digestible takeaways, so you can put the paper’s core ideas to work in your investment process—fast. This Snapshot article is based on research arguing that open-ended funds can hold modest private equity and private debt allocations while preserving liquidity if liquid public sleeves absorb cash flows and a dynamic recommitment process manages capital calls, distributions, and rebalancing.