Interval Funds Monthly: May 2026

Four new interval funds filed draft registration statements with the SEC in May 2026.

AB Tax-Aware Credit Opportunities Fund

AB Tax-Aware Credit Opportunities Fund seeks a high level of after-tax total return through income and capital appreciation. The fund invests primarily in credit investments rated below AA-, including tax-exempt municipal securities, taxable municipal securities, and other taxable credit investments. It may also invest in corporate debt, mortgage-backed securities, asset-backed securities, loans, preferred equity, and derivatives. The fund emphasizes high-yield municipal credit and directly sourced municipal transactions. The fund offers Class A Shares and Advisor Shares. Class A Shares have a $2,500 minimum initial investment and a $50 minimum subsequent investment. The prospectus does not specify a minimum investment for Advisor Shares.

SEI Carlyle Private Markets Fund

SEI Carlyle Private Markets Fund seeks income and long-term capital appreciation through investments across private equity, private credit, and real assets. Under normal market conditions, at least 60% of net assets will be invested in Carlyle-managed private market funds, with the remaining exposure coming primarily through SEI-managed funds and selected direct investments and co-investments. The fund offers a single share class, Class F, with a $1,000 minimum initial investment.

American Beacon Asset Based Income Fund

American Beacon Asset-Based Income Fund seeks high current income and attractive risk-adjusted returns. The fund invests primarily in asset-based income investments, including loans, asset-backed securities, CLOs, mortgage-related securities, structured notes, credit risk transfer securities, royalties, and other contractual cash-flow assets. It expects to gain much of this exposure through private funds and other underlying investment vehicles. The fund offers Class I Shares, Class S Shares, and Class U Shares.

Clearlake Private Markets Fund

Clearlake Private Markets Fund seeks long-term capital appreciation primarily through secondary investments in private equity funds and continuation vehicles. The fund focuses on privately negotiated secondary transactions and may invest up to 20% of assets in co-investments and up to 10% in primary commitments to private equity funds. It invests primarily in North America, with a secondary focus on Europe. The fund offers Class S Shares, Class A Shares, and Class I Shares. Minimum investment amounts are TBD.

Tender Offer Funds

Advisor Linx Private Strategies Fund will pursue absoloute returns across market environments. It will invest strategically and tactically in a portfolio of funds including private equity, private credit, real estate, infrastructure, comodities, and hedge fund strategies.

Key Multi-Alternative Solutions Fund and Rockefeller Multi Alternatives Portfolio both offer investor access to alternative investments and strategies including but not limited to private equity, private credit, and real assets.

Other New Alternative Fund Registrations

Core University Living Real Estate Income Trust filed a new draft registration statement as a new evergreen private NT REIT

Fidelity filed a draft registration statement for a new private NT BDC: Fidelity Private Credit Company II LLC

Blue-Sky Preempion a Key Win for Non-Exchange Traded REITs and BDCs Cleary Gottlieb

Evergreen Funds: We Have Questions : CAIA Association

Not all private credit fund liquidity is the same: The market’s evolution and a comparison of Evergreen Fund liquidity terms McDermott Will & Schulte

Quarterly Redemptions Exceed Fundraising for the First Time in Non-Listed BDC Market Stanger

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