Fortress Investment Group LLC, Colony Capital LLC and Starwood Capital Group LLC are among a record number of private-equity firms raising

Eyes popped last week when the Durst Organization refinanced $1.3 billion in loans on the Bank of America Tower in Manhattan.

While some institutions may at least temporarily shy away from new closed-end fund investments, the closed-end model is far from dead.

General partners have to ‘open their minds’ to investor concerns about fees, control and transparency while limited partners have to move