Harrison Street and LODAS open second interval fund auction for $2 billion Harrison Street Real Assets Fund
The first sale, in Harrison Street Real Estate Fund, filled 91% of shares offered; no clearing discount was disclosed.
Ares closes $4.2 billion structured solutions fund; Strategic Income Fund reports 11.6% repurchase requests
SEC proposed looser repurchase rules and a 20% performance fee; Columbia and Bahnsen filed interval funds.
DTCC takes an undisclosed stake in iCapital and plans AIP integration
The firms will connect transaction processing, data exchange, access, administration and reporting for private-market products sold through the wealth channel; no dollar figure or valuation was disclosed.
Nontraded NAV BDCs paid $5.6B to exiting investors in Q3, leaving $8.2B unmet
Stanger's tally now covers 98% of the market, and the 19 reporting funds fulfilled about 40% of $13.8 billion in redemption requests
Stanger's Q3 data suggests NAV BDC redemption demand may have peaked in Q2
Across 19 NAV BDCs, sponsors returned nearly $5.6 billion and filled about 40% of redemption requests, leaving $8.2 billion unfilled.