We are pleased to share with you our latest ViewPoint. In this edition we explore contingent funds, vehicles that are designed to position investors to capitalize on the move from a benign to stressed/distressed credit environment. As highlighted in the piece, we support the investment thesis underlying the vehicles and address some of the implementation considerations. We also propose a fee structure that we believe better aligns LP and GP interests.
We hope you find this ViewPoint of interest and welcome the opportunity to discuss it with you at your convenience.