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What’s New with Retail Alternative Investments

July 09, 2026 from 2:00 PM to 3:00 PM (ET)

Join our expert panel for a timely discussion of the current landscape of retail alternative investment fund structures that provide access to private markets. We will explore the latest developments in:

  • Listed and unlisted business development companies (BDCs), including the growing role of private credit strategies in retail accessible vehicles
  • Tender offer and interval funds, which continue to gain traction as semi liquid solutions for individual investors
  • Evergreen private funds and hybrid structures, used by sponsors to broaden distribution and manage liquidity
  • Collective investment trusts

The session will also examine how recent regulatory changes from the SEC and DOL to modernize registered fund regulation are impacting alternative investment products, while maintaining a strong focus on investor protection and transparency. Understand potential SEC examination and investor and other fiduciary diligence expectations.

CE Credit

The IAA will apply for Continuing Legal Education (CLE) accreditation in CA, GA, IL, and TX. For more information, please contact iaaevents@investmentadviser.org.

IACCP® CE Credit

This webinar qualifies for 1 hour of general IACCP CE credit.  IACCP designees have primary responsibility for reporting continuing education activities by the reporting period deadline. The IACCP program is co-sponsored by the Investment Adviser Association and COMPLY. For more information, please contact nrstraining@comply.com.

Register Now

If you have questions about this webinar or need help registering, please contact Mike Zapata at mike.zapata@investmentadviser.org.

Webinar Speakers

Sara Crovitz, Partner, Stradley Ronon Stevens & Young, LLP
Sara P. Crovitz is a partner at Stradley Ronon Stevens & Young, LLP. As a former deputy chief counsel and associate director of the SEC’s Division of Investment Management, Crovitz has over 25 years of experience providing guidance under the Investment Company Act of 1940 and Investment Advisers Act of 1940 to the asset management industry and to other domestic and foreign regulators. As co-chair of Stradley’s nationally recognized investment management practice, Crovitz provides counsel on independent trustees, registered funds and investment advisers. She also counsels funds and advisers in connection with SEC compliance examinations, SEC rulemaking comment letters, and seeking SEC exemptive, interpretive and no-action guidance. Crovitz earned her B.A. from the University of Chicago and her J.D. from the University of Chicago Law School.

Nicole Simon, Partner, Stradley Ronon Stevens & Young, LLP
Nicole Simon is a partner at Stradley Ronon Stevens & Young, LLP. As chair of the firm’s retail alternative funds practice, Nicole frequently counsels clients focused on making alternative asset classes and strategies available to a broader audience, including high-net-worth and retail investors. Her experience includes advising investment advisers, funds and boards of directors/trustees with regard to traditional and novel product offerings. She regularly advises on the practical and regulatory considerations central to the design, formation and ongoing operation of funds regulated under the Investment Company Act of 1940 (1940 Act), including interval funds, tender offer funds, business development companies (BDCs) and funds electing to be taxed as real estate investment trusts (REITs).

Monique Botkin, Associate General Counsel, IAA
Monique joined the IAA in February 2004. Previously, she was an associate attorney in the financial services groups of Dechert LLP in Orange County, California, and Alston & Bird LLP in Washington, D.C. While in private practice, Monique represented investment advisers, registered investment companies, private funds, and broker-dealers in corporate, securities, and investment management matters. Monique also served as an attorney in the SEC’s Division of Investment Management disclosure review office from 2013 to 2014.

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