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OSC – Access to Long-Term Assets through Investment Fund Product Structures
Letter Summary:
The Ontario Securities Commission (OSC) published a consultation paper aimed at improving retail investor access to illiquid investments through a framework proposal for a long-term asset investment fund product structure.
The consultation proposes the creation of a new investment fund category, the Ontario Long-Term Asset Fund (OLTF), which would allow Ontarians to invest in assets they may not traditionally have exposure to. These assets include venture capital, private debt and equity, and infrastructure and natural resource projects.