How closed- and open-end fund managers are evolving to meet LP demands | McDermott

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How closed- and open-end fund managers are evolving to meet LP demands

September 25, 2025

Read time: 2 min

Partners Peter Greene, David Nissenbaum, and Joseph A. Smith authored a blog, “How closed- and open-end fund managers are evolving to meet LP demands,” published in Preqin. The blog explores how fund managers are reshaping strategies to meet investor demands for liquidity, flexibility, and stronger returns. From evergreen private credit funds to continuation vehicles and evolving fee models, innovative structures are redefining how capital is deployed in today’s uncertain market.

Peter D. Greene

Partner

New York – 919 Third Avenue

David Nissenbaum

Partner

New York – 919 Third Avenue

Joseph A. Smith

Partner

New York – 919 Third Avenue

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