Closed-End Interval Fund and Tender-Offer Fund Services

Industry leading expertise and experience in closed-end fund structures

With a closed-end interval fund or tender-offer fund, investment advisors can offer a retail vehicle with limited liquidity.

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Closed-end Interval fund and tender-offer fund services

Industry leading expertise and experience in closed-end fund structures

With a closed-end interval fund or tender-offer fund, investment advisors can offer a retail vehicle with limited liquidity.

Contact Us Today!

Niche experience, service and support

We’ve been servicing interval funds and their complexities for more than 20 years. You will benefit from our team’s technical experience, our state-of-the-art systems and our commitment to outstanding client service.

Completely integrated back-office support

We handle the behind-the-scenes functions, from fund accounting and administration, to transfer agency and tax reporting, so you can focus on growing assets.

Innovative platform solution

For managers seeking a streamlined experience, we deliver a turnkey solution to support the launch and servicing of your registered closed-end interval or tender-offer fund.

Access specialized support for closed-end interval funds and tender-offer funds with UMB. Connect with our closed-end interval fund experts today.

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Whether you leverage your existing board or utilize our turnkey offering, UMB offers a comprehensive service set and deep knowledge to guide you and support your closed-end interval or tender-offer fund.

  • Fund accounting and administration
  • Investor tax and fund tax
  • Transfer agency and investor servicing
  • Custody*
  • Distribution**

Innovative platform solution for managing closed-end interval funds and tender-offer funds

Closed-end funds are unique investment vehicles. They can be complex to administer and manage. To deliver the specialized expertise you need, we offer a closed-end fund servicing platform: Registered Fund Solutions.

Registered Fund Solutions provides the full spectrum of professional services to launch and service a closed-end fund such as an interval or tender-offer fund.

Platform benefits

  • Eliminates the difficulty of selecting service providers – independent board of directors, fund auditors, legal counsel and other providers are already in place
  • Lowers overhead due to sharing service providers; lower insurance premiums through shared policy
  • Provides assistance in establishing and overseeing board of directors, facilitating meetings and managing service providers.

UMB Fund Services and its affiliates provide overall sponsorship, coordination and program management, fund accounting, administration, transfer agent, fund registration, Blue Sky, tax reporting, distribution and custody services*. Participating professional partners provide fund registration and legal counsel, CCO and compliance consulting services and audit services.

#1 TA for U.S. registered closed-end funds

UMB Fund Services is the #1 TA for U.S. registered closed-end funds based on number of accounts serviced. Source: 2020 Mutual Fund Service Guide

2019 Best Interval Fund Administrator Award

Awarded 2019's Best Interval Fund Administrator in the Fund Intelligence Operations and Services Awards

Voted Hedgeweek's 2018 and 2019
Best Liquid Alternatives/'40 Act Fund Administrator
2018 FIS Impact Award

UMB's proprietary system for unlisted closed-end funds won the 2018 FIS Impact Award for innovative use of technology to automate processing and serve clients.

A view behind-the-scenes as product sponsors prepare new offerings

Looking across the landscape of alternative investment product managers, 2020 has the appearance of a year that’s more about day-to-day adaptation than about significant investment product introduction. But looks can be deceiving. While it’s true that the number of new regulatory approvals is down, wheels are spinning fast behind the scenes. Following is a quick rundown of some standout themes I’ve observed in my work with product sponsors this year as they get ready to launch new products.

Winding road

Nuances that trip up investment managers forming tender-offer and interval funds

Because of my work with managers on fund formation, I often get early insight into new-product trends. At present, one of the big focus areas is the closed-end space—and, specifically, unlisted funds seeking to offer uncorrelated returns through commercial credit, direct lending and other non-traditional investments. In many cases, the managers forming these funds are adapting an existing strategy from a partnership to a fund structure. In this article, I discuss a few key considerations for investment managers exploring fund formation.

UMB Fund Services releases 2020 report on unlisted closed-end funds

Growth in unlisted closed-end funds continues to accelerate even through unprecedented challenges the COVID-19 pandemic has created for the asset management space. Access the latest market update plus insight into regulatory changes, investment categories and asset managers influencing the category.

Access specialized support for closed-end interval funds and tender-offer funds with UMB. Connect with our closed-end interval fund experts today.

Contact us

Distribution and asset raising solutions

We offer strategic asset raising support to help you plan and execute a successful distribution strategy.

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Institutional custody

UMB Bank’s institutional custody team focuses on structuring custody solutions that suit your unique needs.

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Custody services provided by UMB Bank, n.a.

Statutory distribution services provided by UMB Distribution Services, LLC.