Two new interval funds and two new tender offer funds filed draft registration statements in June 2026. T Rowe Price and WCM Investment management both registered interval funds. Fundrise and Wisdomtree both registered tender offer funds. Furthermore, Macquarie continued its advancement into US retail alternative investments with a new private equity operating co.

New Interval Fund Registrations

T. Rowe Price Goldman Sachs All Equity Access Fund

T. Rowe Price Goldman Sachs All Equity Access Fund seeks long-term capital appreciation by investing across public and private equity markets. The fund expects to allocate about 50% to 70% of net assets to public equity and 30% to 50% to private equity under normal conditions. Public equity investments may include companies of any market capitalization, style, or sector, while private equity exposure will focus mainly on growth-oriented private equity and buyout opportunities. The fund may invest directly in securities or through underlying funds.

The structure reflects the strategic collaboration between T. Rowe Price and Goldman Sachs. Under normal conditions, at least 20% of net assets will be invested in Goldman Sachs-managed underlying funds, and at least 40% will be invested in T. Rowe Price-managed direct investments and/or T. Rowe Price-managed registered investment companies. Goldman Sachs is not the fund’s adviser, sub-adviser, sponsor, promoter, principal underwriter, or affiliate.

The fund offers three share classes: Class A, Class D, and Class I. Class A and Class D shares each have a $2,500 minimum initial investment and $100 minimum subsequent investment. Class I shares have a $1,000,000 minimum initial investment, although financial intermediaries may aggregate orders if each individual investor invests at least $2,500. The management fee is TBD in the draft prospectus.

T. Rowe Price has expanded into alternatives through its acquisition of Oak Hill Advisors, which made OHA its private markets platform and deepened its alternative credit capabilities. It later partnered with OHA to launch OCREDIT, a non-traded BDC for individual investors. More recently, T. Rowe Price announced a strategic collaboration with Goldman Sachs to build public-private investment solutions for wealth and retirement channels, followed by co-branded model portfolios.

WCM Select US Equity Fund

WCM Select US Equity Fund seeks long-term capital appreciation by investing primarily in equity securities of U.S. companies. Under normal circumstances, the fund will invest at least 80% of net assets, plus borrowings for investment purposes, in U.S. company equity securities. The portfolio may include publicly traded common stocks, private equity securities, depositary receipts, IPO shares, restricted securities, Rule 144A securities, and co-investments in operating companies, holding companies, partnerships, BDCs, and special purpose vehicles that acquire private-company securities.

WCM Investment Management uses a bottom-up process focused on companies with attractive fundamentals, long-term revenue and earnings growth, or strong prospects for future growth. The adviser looks for industry leaders with strengthening competitive advantages, strong management cultures, low or no debt, and attractive relative valuations. The fund will use a focused strategy and generally expects to hold approximately 50 or fewer issuers.

The prospectus does not list separate share classes. The minimum initial investment is $1,000,000, and the minimum subsequent investment is $1,000. The management fee is TBD.

New Tender Offer Fund Registrations

Fundrise Innovation Fund II, LLC

Fundrise Innovation Fund II seeks total return primarily through long-term capital appreciation by investing in technology and technology-related companies. The fund focuses on equity securities of privately held, mid-to-late-stage growth companies, including common stock, preferred stock, and convertible debt, and may also invest through SPVs, co-investment vehicles, venture funds, private equity funds, derivatives, ETFs, and other pooled vehicles. The strategy targets companies with potential “private-public valuation arbitrage” and generally expects to hold investments until a liquidity event such as an IPO, financing round, sale, or merger.

The fund is a continuously offered, non-diversified closed-end tender offer fund, not an interval fund. It offers a single class of common shares with a minimum initial investment of $1,000 and no minimum for subsequent investments. Shares have no sales load. Fundrise Advisors, LLC serves as adviser. The management fee is 2.50% of average daily net assets.

WisdomTree Private Markets & Innovation Fund I

 WisdomTree Private Markets & Innovation Fund I seeks long-term capital growth primarily through venture capital and growth equity investments. The fund invests in equity securities of private operating growth companies, interests in venture capital and other private funds, and public or private “Innovation Companies” tied to new or technologically enabled products or services. It expects to focus mainly on mid-to-late-stage private technology-focused companies in the U.S., while retaining flexibility to invest across regions, industries, and company stages.

The fund is a continuously offered, non-diversified closed-end fund offered through private placement to accredited investors. It may provide limited liquidity through discretionary repurchase offers, but shareholders have no right to require redemption. The fund offers shares with a minimum initial investment of $1,000 and no minimum for additional purchases. WisdomTree Ventures Management, LLC serves as adviser. The sub-adviser and management fee are TBD.

Other Alternative Fund Registrations

Macquarie Energy Transition Infrastructure Fund seeks capital appreciation and yield over the medium to long term by investing in a global portfolio of businesses and operating assets tied to energy transition infrastructure. The strategy focuses on mature technologies and targets assets or companies that support more efficient energy sources, a lower-carbon economy, electrification, and decarbonization. Target sectors include energy and renewables, transportation, materials, waste, agriculture, circular economy, communications and digital infrastructure, industrials, utilities, and social infrastructure.

The fund expects private infrastructure equity investments to make up the bulk of the portfolio. It may invest directly in portfolio companies, co-invest alongside other Macquarie-managed vehicles, invest through Macquarie-managed entities, or invest to a lesser extent through unaffiliated third-party funds. It may also hold private infrastructure debt and liquid investments for return generation, capital deployment, and liquidity management.

Industry Links

The State of Semiliquid Funds 2026 Morningstar

After the Storm: Why Private Credit Redemption Queues Will Endure Mark Goldberg

The Interval Fund Stress Test Has Arrived, and It Rewards Advisors Who Read the Fine Print John Cole Scott

JPMorgan’s New Credit Funds Win SEC Nod For Monthly Redemptions Financial Adviser

Competition mounts to run the private markets ‘operating system’ PitchBook

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