What Happens to a Private Fund Investment When an Investor Passes Away?

Investing in private funds—such as hedge funds or private equity—can be complex, especially when it comes to ownership transitions after an investor passes away. Many investors hold these assets through custodians like Charles Schwab & Co., leading to questions about how the beneficiary process works and who facilitates it. This blog post breaks down what happens when an investor with a private fund investment passes away and the role of different parties in the transfer process.