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.
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.
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%.