Riverside Fund is a closed$-$end fund with a cash balance of $$85$ million. Mountainview Fund is an open$-$end fund with a cash balance of $$320$ million. Both Riverside and Mountainview have $$2\mathrm{.}2$ billion in market value of assets. Riverside has less cash most likely because it:

Invests in less liquid assets than Mountainview.

Does not permit investors to redeem shares at any time.

Has greater management fees than Mountainview.

Has less access to capital than Mountainview.