John Cole Scott on private equity's increasing role in closed-end investing

John Cole Scott, president of Closed-End Fund Advisors, discusses how and why investors might pursue private equity and debt using closed-end funds, noting that expansion of the industry and changes in structure adding share classes have made private, alternative investments much more accessible for investors. Scott -- who also is chairman of the Active Investment Company Alliance -- He says the growth in tender-offer and interval funds is giving investors access to strategies they can't get anywhere else in the regulated-investment world in a form that is more liquid and affordable than investing in hedge funds. He includes two of his favorite funds in the space for investors to consider now.