The Rise of Semiliquid Funds
Semiliquid funds are reshaping access to private markets by giving investors a way to participate in long term strategies with more frequent liquidity. As demand rises, their design, governance, and valuation practices are setting a new standard for modern alternative investing.
Nov 21, 2025, 12:00 AM
Written by:
Niko Ludwig
Table of Contents
Key Takeaways:
Semiliquid funds offer quarterly or annual redemptions instead of decade-long lockups. They combine private market returns with greater liquidity.
Redemption gates limit withdrawals to 5-10% of NAV per quarter. This prevents forced asset sales and protects fund stability.
Regulatory changes are lowering barriers to entry. The SEC now focuses on professional knowledge, not just wealth.
Immediate capital deployment creates higher effective returns. A 12% semiliquid return matches an 18% traditional PE return.
New governance frameworks are essential. Independent committees address conflicts between traditional and retail investors.
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