How Illiquid Interval Funds Go Where ETFs Can't

The video discusses interval funds, a type of closed-end fund that combines features of mutual funds and closed-end funds. They allow daily investments but have specific redemption periods, posing liquidity risks. Interval funds can engage in unique investment strategies, such as direct lending to private companies and investing in catastrophe bonds, which are not accessible to regular public funds.

What is direct lending in the context of interval funds?

How do catastrophe bonds function as an investment strategy for interval funds?