Lionhart Advisors Group, an international financial advisory group, announced on Monday that it will be launching a new hybrid private equity fund known as Lionhart Talon Private Equity Fund (Lionhart Talon). Lionhart Talon is a master feeder fund based in the Cayman Islands and features nine segregated portfolios permitting investors to select which of the portfolios they wish to participate in.
Unlike traditional private equity funds, Lionhart Talon will operate as an open-ended investment fund with monthly subscriptions permitted between 3 and 5 years, depending on the share class that the investor holds. Rather than relying on capital calls, Lionhart Talon will accept full payment from investors at the time of subscription and deploy those assets to liquid investments as private equity investments are identified, says the firm.