This panel of experts introduced the nontraded closed-end fund structure.  They described the legal and operational considerations when determining to structure a tender offer fund or an interval fund.  Presented by Robert M. Collins, CFA, Partner, Partners Group (USA), Inc., Joshua B. Deringer, Partner, Faegre Drinker and Tess Virmani, Deputy General Counsel, EVP – Head of Policy, LSTA – Moderator.