Loyens & Loeff: redemption caps vs redemption gates

Sebastiaan Hooghiemstra and Juliane Hurter.
Sebastiaan Hooghiemstra and Juliane Hurter.
As semi-liquid private market funds become more common, investors are paying closer attention to how managers can restrict withdrawals during periods of market stress. AIFMD 2 makes the distinction between redemption caps and redemption gates more important than ever, write Sebastiaan Hooghiemstra and Juliane Hurter of Loyens & Loeff Luxembourg.

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