As high interest rates and limited deal activity have curtailed LP liquidity for new GP fundraises, private fund managers are exploring new avenues to broaden their respective distribution networks. Managers have increasingly turned to interval funds - a type of closed-end registered fund that only permits periodic redemptions – to achieve that goal. To be successful, however, fund managers need to develop a holistic awareness of some of the regulatory and operational obstacles posed by interval funds that are unique relative to traditional private funds. Those issues and others were outlined in a recent panel co‑hosted by the Private Equity Law Report, Willkie Farr and Apex Group, Ltd analyzing all facets of interval funds. Moderated by Rorie A. Norton, Editor‑in‑Chief of the Private Equity Law Report, the panel featured Apex Group, Ltd. vice presidents Brandon Stultz and Robert H. Carbone, Jr., as well as Willkie Farr partners Mark Proctor and Elliot J. Gluck. This second article in a two-part series highlights certain fundraising and logistical benefits conferred by interval funds, along with notable operational challenges to address with qualified service providers. The first article detailed the rising adoption of interval funds and key features of the vehicles relative to tender offer funds, as well as certain regulatory requirements fund managers need to navigate. See “Quest for Permanent Capital: Weighing the Merits of Pursuing Permanence Through Unlisted Closed‑End Funds of PE Funds and Interval Funds (Part Three of Three)” (Jan. 12, 2021).