New funds: archive
Every New funds story in Interval Funds, newest first. 45 stories
1 story
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.
1 story
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.
1 story
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.
3 stories
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.
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.
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.
2 stories
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.
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.
1 story
ASB Capital announces StepStone private credit and Principal multi-asset funds
Both are the Dubai firm's first fund partnerships involving private markets, and the announcement does not spell out the StepStone vehicle's repurchase terms.
3 stories
Columbia Hamilton Lane and Bahnsen file for interval funds with opposite private-asset sourcing
Columbia's growth-innovation fund routes at least 40% of its net assets exposure through Hamilton Lane-run funds, while Bahnsen's fund builds from pooled vehicles chosen manager by manager.
Starwood REIT's August NAV slips about 0.7% as Apollo venture retires credit lines
Apollo's $1.02 billion bought 41.5% of an affordable-housing venture, and the proceeds repaid an $81.5 million revolver and $876 million of unsecured borrowings.
SEC proposes performance fees and looser repurchase rules for interval funds
The Sept. 30 vote also seeks comment on qualifying accredited investors by exam or credential rather than thresholds.
1 story
ARK and Securitize announce a tokenized ARKVX share class on Ethereum
A September SEC order lets the fund carry conventional, exchange-listed and tokenized share classes inside one registered closed-end fund, with Securitize as infrastructure provider.
1 story
Blackstone takes its perpetual wrapper offshore
The four-asset sleeve solves the advisor's allocation problem; its repurchase terms will decide whether it holds.
2 stories
Zero-size filings are the shelf, and credit isn't on it
The week's only priced placement raised $6.5 million into a hedge fund; the transition capital with real numbers moved through vehicles the wealth channel does not buy.
RREEF Property Trust approves liquidation as exit demand outruns fundraising
A liquidation with an end date beats a repurchase queue that never clears, and it shows how much of a semi-liquid exit rests on the sales engine.
1 story
LaSalle files a debt REIT to turn closed-end fees into permanent capital
JLL's second nontraded REIT sells commercial real estate debt through a Reg D door while the wealth channel is buying warehouses, and the fees are built to compound.
1 story
Blue Owl tech BDC trims credit line as it extends maturity to 2031
Extending duration while cutting commitments is a rare pairing, and for a tender-offer BDC it reads as capacity sized to deployment rather than ambition.
2 stories
FS Credit REIT's 77-month streak can't fill a $2.5 billion shelf
August delivered a 77th straight positive month, a second consecutive month of 100% repurchase fulfillment, and a $9.9 billion portfolio—but the nontraded REIT has raised $186.86 million against a continuous offering targeting up to $2.5 billion.
The SEC's proxy rollback reaches interval funds by inheritance
Registered closed-end funds inherit the Exchange Act's proxy rules, giving semi-liquid sponsors a modest cost cut and a large signal about what else this commission will reopen.
2 stories
Columbia Threadneedle files a 50/50 wrapper with a 40% feeder
Columbia Threadneedle gets private-markets sourcing it would need a decade to build; Hamilton Lane gets an advisor-sold subscription line into vehicles it already runs.
The pipeline fills while the exit line stays long
Nine sponsors filed semi-liquid vehicles this week, five of them with real raise targets, and the zero-size European filings say more about how the queue is being priced than the $2.3 billion at the top.
1 story
EQT opens its Asia buyout book to individual investors
The $396 billion firm's regional franchise is the easy half; the wealth rails it is building across Asia-Pacific are the bet.
1 story
Interval filings outrun the redemption summer
XA Investments counts 40 launches and $19 billion of August inflows, but a 50-fund registration queue with 26 first-time sponsors is the number that defines the market.
1 story
August's N-2 wave widens past credit
August's seven unlisted closed-end filings stretch the wrapper from private credit into real assets and niche equity strategies.
3 stories
CFA Institute shifts private credit scrutiny to the wrapper
A new CFA Institute report argues that interval funds and other semi-liquid wrappers carry structural risks that regulation has not kept pace with.
Semi-liquid wrappers become private-credit flashpoint
The CFA Institute's new report moves the private credit debate to the wrapper level, where interval funds' redemption queues and valuation committees will face regulatory inspection.
Sun Life seeds AAM-Wilshire infra fund — and a semi-liquid bet
The launch drops infrastructure secondaries and co-investments into the wealth channel through a likely interval wrapper, where the structure matters more than the seed.
4 stories
RBC BlueBay Seeks SEC Relief to Link Interval Fund to Private Credit
An exemptive order would tie a quarterly-repurchase fund to the sponsor's institutional credit book—and leave the redemption gate as the real test.
NAV REITs flip positive as semi-liquid fundraising splits
Stanger's July data catches the interval-fund redemption cycle rotating from credit-heavy BDCs to hard-asset real estate.
Retail venture capital's wrapper test arrives
Destiny Tech100's 44% quarterly drop and Ark's NAV gains show the wrapper defines this market as much as the asset.
Redwood real estate debt fund ties broadening to next liquidity window
Blue Vault reports the Redwood fund wants to see how investors behave in the next repurchase window before widening its mandate, with the exact condition undisclosed.
1 story
Apollo puts S3's secondaries fund on a fixed quarterly clock
The board-approved conversion swaps discretionary tenders for mandatory quarterly repurchase offers of 5% to 25%, putting Apollo's secondaries portfolio on a fixed liquidity schedule.
2 stories
DLA Piper handbook maps the 1940 Act rules for interval funds
The law firm's guide makes the case for the registered wrapper as an alternatives vehicle; Griffin Capital's whitepaper supplies the operating chart.
Why exactly one interval fund trades on an exchange
EGF is the only interval fund listed among hundreds of exchange-traded closed-end funds; the two prior experiments were voted out after a decade.
3 stories
Private placement REIT flows climb as BDC fundraising sinks
Stanger data show private REITs outraising public peers for a seventh straight quarter, and BDC fundraising at a three-year low.
JLL Income Property Trust closes its 20th 721 UPREIT exchange
As nontraded REIT redemptions strain the wealth channel, the DST-to-NAV exchange route becomes routine.
Liquid Strategies restates two interval funds over an accrued interest error
The same totals, a different income line.
2 stories
StepStone's CEO sells evergreen funds as a tax-form fix
Bob Long's pitch turns on capital calls and tax paperwork, not performance.
MLEND portfolio build outpaces its public offering
Blue Vault sees Monroe Capital's nontraded BDC investing faster than its public offering can sell shares, a test for semi-liquid distribution.