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Interval Fund Daily

from Private Wealth Daily

The edition as it went to readers: 5 stories.

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The lead

Cox Capital bids $10m for Blue Owl Credit Income shares at 20% below NAV

Alternatives Watch reports the offer; acceptance terms and the fund's per-share NAV are undisclosed.

The Wrap

KKR drops early repurchase charge as Highlands expands tender offer

Stanger's third-quarter tally shows nontraded NAV BDCs left $8.2 billion of redemption requests unfilled.

New funds

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.

The Wrap

Blackstone Private Credit Fund board urges rejection of 12.5% discount tender

The filing compares the unsolicited Class I share bid with the fund's NAV, its repurchase program and recent performance.

The Wrap

Cetera and LPL add teams from Commonwealth and Cambridge on the same day

A $185 million Commonwealth group and a three-advisor Cambridge team change platforms, while Cetera shifts a retirement practice to Planning Partners.

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