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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

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.

The Wrap

Apollo interval fund names no successor as Spencer Propper resigns

Spencer Propper leaves the portfolio manager role Sept. 30 and remains an Apollo partner through March 2027.

Distribution

SEC proposes 20% performance-based fee for advisers and looser interval fund redemptions

A companion proposal would let CPAs and chartered financial analysts qualify as accredited investors.

Liquidity

Ares Strategic Income Fund limits third-quarter repurchases as requests hit 11.6%

Investor requests reached 11.6% in the third-quarter window, and the published summary omits the payout split and new portfolio-quality figures.

New funds

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.

Interval Fund Dailyfrom Private Wealth Daily

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