# 130. Allocators at the gates

Page: https://stenobird.com/podcast/the-long-short-4366180/130-allocators-at-the-gates
Text version: https://stenobird.com/podcast/the-long-short-4366180/130-allocators-at-the-gates.md
Podcast: [The Long-Short](https://stenobird.com/podcast/the-long-short-4366180)
Published: 2026-04-29T11:10:05+00:00
Episode link: https://shows.acast.com/the-long-short/episodes/130-allocators-at-the-gates
Audio file: https://sphinx.acast.com/p/open/s/636b781f4a382300110bb134/e/69f1e70de208d7ecaa298ab3/media.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-long-short-4366180/episodes/130-allocators-at-the-gates
Duration seconds: 2889

## Resource

This episode tackles one of the most misunderstood, and, frankly, misrepresented topics in private markets right now: gating. Often painted as a crisis measure, gating is in fact a tool designed to match investor liquidity with inherently illiquid assets. Joe Morrissey, a Partner at Seward & Kissel, joins Tom Kehoe and Drew Nicol to explain why gates exist, the difference between fund-level and investor-level restrictions, and why better investor education may be the real key to avoiding panic when markets turn. Hosted on Acast. See acast.com/privacy for more information.

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## Transcript

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