Against the backdrop of a maturing real estate cycle and the uncertainty surrounding Brexit, liquidity is high on the agenda of managers and investors.
With this in mind, and in order to protect the rights and interests of all investors, INREV’s guiding principles on vehicle liquidity have been enhanced to include new insights on how to value units for the purposes of secondary trading.
The results can be found in the updated version of the report ‘Pillars to ensure open end fund liquidity’, which aims at improving the liquidity of open end vehicles.
In addition, the global landscape section has been extended with highlights from local practices in the US.
This paper concentrates on the creation of liquidity in open end fund structures, by describing best case scenarios where investors and fund managers can go on to further successful investments in follow-on or new funds.