The Executive American

Illiquidity

2 articles

Editorial illustration for Two Paths Into Private Markets: How Closed-End Funds and Feeder Funds Lower the Barriers—and What They Can't Fix
Wealth

Two Paths Into Private Markets: How Closed-End Funds and Feeder Funds Lower the Barriers—and What They Can't Fix

Retail investors can access private markets through closed-end funds or feeder funds, which aim to lower traditional barriers like high minimums and illiquidity. However, both structures retain underlying asset illiquidity, opaque performance reporting, and complex fee structures, requiring careful investor consideration.

Alex Petrenko·October 17, 2026
Editorial illustration for Structured Products Explained: How Customized Returns Trade Off Against Issuer Default and Illiquidity
Wealth

Structured Products Explained: How Customized Returns Trade Off Against Issuer Default and Illiquidity

Structured products combine debt and derivatives for customized investment profiles, but investors must carefully weigh the risks of issuer default and illiquidity against potential benefits.

Samuel Holloway·October 16, 2026