Interval Funds archive
Every Interval Funds story, newest first. 234 stories
3 stories
- New funds
Cottonwood Communities cuts monthly payout 8.8% to $0.0517
The NAV REIT's new rate annualizes to about 5.5% of Sept. 30 NAV, a $0.06-a-share annual cut.
- Distribution
Private-credit exit requests near $16B as managers court advisers
Fund sponsors pitch festival-style events and sports sponsorships while repurchase queues test client liquidity.
- The Wrap
Blackstone Private Credit Fund posts $1.4B Q3 outflows
Repurchase requests equaled 10% of NAV against a 5% quarterly cap; the fund filled roughly half.
3 stories
- Liquidity
Blackstone Private Credit Fund Q3 net outflows widen to $1.4 billion
Third-quarter repurchase requests equaled 10% of net asset value, twice the fund's 5% quarterly limit; Blackstone filled roughly half.
- The Wrap
AssetMark adds two private equity interval funds, lifting shelf to six
The platform's interval-fund menu now spans private credit, real estate, infrastructure and private equity.
- The Wrap
Ares Strategic Income Fund’s leverage rises to 1.24x after $515M repurchase payout
The $9.9 billion nontraded BDC filled 38.2% of repurchase requests after investors tendered 13.1% of shares against a 5% quarterly cap.
1 story
- Liquidity
Ares Strategic Income Fund leverage rises to 1.24x after Q3 repurchase payout
The $9.9 billion nontraded BDC filled 38.2% of repurchase requests totaling 13.1% of shares against a 5% cap; aggregate NAV fell by roughly the $515 million payout.
4 stories
- Liquidity
KREST Q4 tender draws 3.67% of NAV, first below cap in a year
Shareholders tendered 2,285,571 shares against the 3,116,841 offered; the fund paid $22.75 each and used no overflow.
- Sponsors
Partners Group plans Global Value fee cuts ahead of restructuring vote
Distributing-fund investors would get at least 25 basis points less for three years as the firm seeks approval for an umbrella structure holding two portfolios.
- New funds
Legal & General, NTR and Griffis file $592 million in hard-asset registrations
Blackstone also filed an energy transition vehicle, while the week's remaining registrations carried zero or near-zero size.
- Distribution
AssetMark adds Calamos Aksia and StepStone private equity interval funds
The platform now has six interval funds spanning private credit, real estate, infrastructure and private equity.
2 stories
- The Wrap
Ares industrial REIT raised $408 million of $692 million collected by Ares, Invesco REITs
The three nontraded vehicles paid every third-quarter repurchase request in full, while Cantor Fitzgerald Income Trust prorated for a tenth month.
- The Wrap
Ares and Invesco REITs pay every third-quarter repurchase request in full
The three vehicles paid about $117 million against $692 million raised, while Cantor Fitzgerald Income Trust prorated for a tenth month.
1 story
- Liquidity
Ares, Invesco nontraded REITs pay all Q3 redemption requests
The three vehicles raised about $692 million and redeemed about $117 million of requests in full, with Ares Industrial Real Estate Income Trust accounting for $408 million of the proceeds.
5 stories
- The Wrap
Credit interval fund redemptions absorbed 79% of Q3 sales, Stanger says
Interval fund assets rose 3.9% to $142.0 billion; tender offer funds grew 9.7% to $136.6 billion.
- Liquidity
Credit interval fund redemptions take a growing share of sales as fundraising slows, Stanger says
Tender offer funds grew 9.7% to $136.6 billion in Q3, outpacing interval funds' 3.9% rise to $142.0 billion, per the firm's report.
- The Wrap
Cantor Income Trust prorates redemptions for 10th month; Cliffwater caps Q3 at 5%
Cantor filled 27% of September repurchase requests; Cliffwater capped third-quarter redemptions at 5% while requests reached 16%.
- Liquidity
Cantor Fitzgerald Income Trust fills 27% of September repurchase requests in 10th prorated month
The nontraded REIT paid $2.2 million for 106,071 shares on Sept. 30 while its aggregate net asset value rose 6.2% to $463.2 million.
- Distribution
SEC approves FINRA Rule 2210 change letting broker-dealers cite projected returns
The amendment takes effect on a date FINRA will announce in a Regulatory Notice, with three conditions that follow the SEC's adviser Marketing Rule.
4 stories
- Liquidity
Cliffwater Corporate Lending Fund caps Q3 repurchases at 5% as requests reach 16%
The $30.4 billion interval fund told shareholders in a Sept. 3 letter it would fill about one-third of requests, its second straight prorated quarter.
- New funds
Credit interval fund redemptions absorb 79% of gross sales, Stanger says
Tender offer funds grew 9.7% to $136.6 billion in Q3, outpacing interval funds' 3.9% rise to $142.0 billion, according to the same report.
- The Wrap
Crescent Private Credit Income CFO resigns; parent CFO Gerhard Lombard steps in
The departure is the second officer exit at the $590.5 million nontraded BDC since August, according to a filing.
- The Wrap
Destra Multi-Alternative Fund authorizes below-NAV buyback, raises monthly distribution
The NYSE-listed former interval fund may repurchase shares below net asset value, using Clear Street as executing broker after a 30-day cooling-off period.
4 stories
- Liquidity
Destra Multi-Alternative Fund authorizes buyback, raises monthly distribution
The NYSE-listed former interval fund may repurchase shares at a discount to net asset value, with Clear Street as executing broker, after a 30-day cooling-off period.
- The Wrap
Nontraded BDC redemption requests stay near twice cap; CAZ and Adams launch funds
Fitch reports third-quarter redemption requests at 9.8% of shares across 13 of 15 perpetual nontraded BDCs.
- Sponsors
Cohen & Steers Income Opportunities REIT buys two open-air shopping centers for $92.3 million
Grand Canyon Crossing in Phoenix and Manchester Village in Rock Hill, S.C., are both 99% occupied, the REIT says.
- Sponsors
Crescent Private Credit Income CFO resigns in second officer exit since August
Gerhard Lombard, CFO of Crescent Capital Group, is named interim CFO at the $590.5 million nontraded BDC.
5 stories
- New funds
CAZ Investments launches CAZ GP Stakes Growth Fund
The second GP stakes interval fund charges a 1.5% management fee and, under normal circumstances, invests at least 80% of net assets in minority stakes in private asset managers.
- New funds
Adams Street launches venture and growth evergreen fund with $363.5m anchor capital
The 1940 Act-registered tender offer fund opens to qualified investors on Dec. 1 and will take monthly subscriptions.
- Liquidity
Fitch: nontraded BDC redemption requests ease to 9.8%, still near twice the 5% cap
Third-quarter requests averaged 9.8% of shares across 13 of 15 perpetual nontraded BDCs, down from 10.3%, but still nearly double the 5% quarterly cap.
- New funds
Tokio Marine and GFH Bank named in week's two largest private-market fund filings
A $2 billion Oct. 12 filing and a $1 billion Oct. 13 filing account for roughly 95% of the $3.17 billion in stated size across four registrations.
- The Wrap
Sun Life Private Wealth adds three executives in Singapore and Bermuda
The Oct. 13 changes included Alvin Soh in Singapore and Georgina Howes moving from Transamerica Life (Bermuda) Ltd to the Bermuda unit.
2 stories
- The Wrap
BC Partners Lending Corp. closes ACIF merger, ends repurchases
The combined private credit vehicle reported net asset value above $223 million; about 84.6% of ACIF voting shareholders approved the deal on Sept. 10.
- The Wrap
BC Partners Lending Corp. closes all-stock ACIF merger, ending repurchases
The combined private credit vehicle reported net asset value above $223 million; about 84.6% of ACIF's voting shareholders supported the deal on Sept. 10.
6 stories
- Sponsors
CNL Strategic Capital sells Resolution Economics stake to sub-manager affiliate for $29.2M
The fund says the related-party deal closed Oct. 2 and repaid $2.8 million of second-lien debt.
- New funds
BC Partners Lending Corp. closes all-stock ACIF merger, ending interval-fund repurchases
The combined company reported net asset value above $223 million and about 84.6% of ACIF's voting shareholders supported the deal on Sept. 10.
- Liquidity
SEC cross-trading proposal restores Level 2 fixed income, excludes Level 3 assets
Registered closed-end funds, including interval funds, held 38% of gross investments in the excluded Level 3 or non-leveled categories as of September 2025.
- The Wrap
DTCC takes undisclosed stake in iCapital and plans AIP integration
The firms plan to connect transaction processing, data exchange, access, administration and reporting for private-market products sold through the wealth channel.
- New funds
BC Partners Lending Corp closes all-stock acquisition of Alternative Credit Income Fund
Combined company reports net asset value above $223 million, according to Stanger's weekly filing review.
- The Wrap
Deloitte: Only 4% of Fund Groups Update Unobservable Inputs Daily
Cox Capital and VineBrook Homes Trust tender offers price exits at 20% and 37% below NAV.