At a glance
- Ares Industrial produced $408 million of that gross fundraising, a little under three-fifths of the group total.
- Redemptions came to about 17 cents for every dollar raised across the three, leaving roughly $575 million of net inflow.
- Cantor Fitzgerald Income Trust filled 27% of September repurchase requests, the tenth consecutive month it prorated, according to our records.
Ares Real Estate Income Trust, Ares Industrial Real Estate Income Trust and Invesco Real Estate Income Trust filled every third-quarter repurchase request in full, paying about $117 million while raising about $692 million.
Ares Industrial produced $408 million of that gross fundraising, a little under three-fifths of the group total.
Redemptions came to about 17 cents for every dollar raised across the three, leaving roughly $575 million of net inflow.
Credit vehicles
Cantor Fitzgerald Income Trust filled 27% of September repurchase requests, the tenth consecutive month it prorated, according to our records. Cliffwater Corporate Lending Fund capped third-quarter redemptions at 5% while requests reached 16%; on those figures the cap covered less than a third of what investors asked to withdraw.
Credit interval fund redemptions absorbed 79% of third-quarter sales, according to Stanger, which put interval fund assets at $142.0 billion, up 3.9%, and tender offer funds at $136.6 billion, up 9.7%. Those figures measure different populations—all credit interval funds in Stanger's tally, three named REITs in ours—so the 79% and the 17% are a contrast in direction, not a like-for-like spread.
Reported by The Wrap desk from Stanger and Interval Fund Daily records. Published . Corrections