One advantage of the non-listed real estate market is its ability to offer investors liquidity through open-ended vehicles or secondary trading. This has become an evolving part of the market and gives investors opportunities to access, diversify and rebalance their portfolios more easily, as well as gain access to information about pricing and transparency for more informed investment decisions.
This new course gives you a good understanding of the different aspects required to manage liquidity from both an investor and manager’s perspective. It will cover the range of liquidity options through redemptions and secondary transactions, as well as other important aspects such as market trends for liquidity needs, investor behaviour, pricing and valuation, and legal and governance considerations.
The course will include the following topics:
- Investor’s portfolio liquidity considerations
- Types of liquidity and secondary transactions
- Overview of the secondaries market
- Liquidity considerations in open-ended funds
- Pricing, underwriting and valuing secondaries
- Governance and legal trends
The course will be given by leading industry experts and will include interactive discussions and case studies to allow participants learn from real-life applications. This is a 1-day in-person course and requires all participants to complete a 60-minute eLearning module on the INREV Liquidity Guidelines before attending.
Who should attend the course?
The course is aimed at experienced industry professionals who wish to improve their knowledge of liquidity mechanisms used for closed and open-ended funds, as well as discuss practical implications, challenges and trends with peers. The course is open to INREV members only.
Upon completion of the course, participants will:
- Comprehend and have a good overview of different liquidity provisions in Europe
- Have a good insight into how secondary markets work and the issues involved
- Understand the legal and governance considerations around secondary transactions and liquidity
This course is open to INREV members only and counts as an elective course for both streams towards the INREV/ Henley Certificate for non-listed real estate investments.