130. Allocators at the gates

130. Allocators at the gates

From The Long-Short by AIMA

April 29, 2026 · 48 min · Episode 130

About this episode

This episode discusses the concept of gating in private markets and its implications for investor liquidity.

This episode tackles one of the most misunderstood, and, frankly, misrepresented topics in private markets right now: gating. Often painted as a crisis measure, gating is in fact a tool designed to match investor liquidity with inherently illiquid assets. Joe Morrissey, a Partner at Seward & Kissel, joins Tom Kehoe and Drew Nicol to explain why gates exist, the difference between fund-level and investor-level restrictions, and why better investor education may be the real key to avoiding panic when markets turn. Hosted on Acast. See acast.com/privacy for more information.

People in this episode

Hosts: Tom Kehoe, Drew Nicol

Guest: Joe Morrissey

Topics covered

  • gating
  • private markets
  • investor education
  • liquidity
  • fund restrictions

Keywords

  • gating
  • private markets
  • investor liquidity
  • fund-level restrictions
  • investor education

Mentioned in this episode

Organizations: Seward & Kissel, AIMA

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