Traditionally, private debt funds market products under closed-ended structures, but a growing number are now looking to open-ended vehicles to overcome the issue of the illiquid nature of the asset class.
The latest open-ended structure to launch is from Bayshore Capital Advisors, a Florida-headquartered firm, which plans to market its Global Alternative Income Fund (GAIF) next month to European investors as the demand for yield stretches to illiquid asset classes.
