October 2026 brought a substantial wave of alternative investment fund registrations, including four interval funds, three tender offer funds, a registered closed-end venture capital fund, and a privately offered non-traded business development company (BDC).

The new filings reflect a wide range of investment strategies, from private credit and commercial real estate lending to venture capital, growth equity, and pre-IPO artificial intelligence investments. Managers filing new products include Nuveen, Goldman Sachs Asset Management, Churchill Asset Management, VanEck, Brookmont Capital Management, and Sagard.

Below, we summarize the investment strategies and fund structures disclosed in each SEC filing, along with share classes and minimum investment requirements where available.

New Interval Funds

Brookmont Pre-IPO AI Interval Fund

Brookmont Pre-IPO AI Interval Fund seeks long-term capital growth by investing primarily in equity and equity-linked securities of private companies developing or commercializing artificial intelligence technologies. The fund targets AI foundation model developers, infrastructure providers, software platforms, autonomous systems, and companies developing AI-related hardware and data infrastructure. It plans to invest at least 80% of Managed Assets in pre-IPO AI securities.

Brookmont Capital Management serves as adviser. The fund currently offers a single class of shares. Minimum initial and subsequent investment amounts are TBD.

Evergreen Fixed Income Fund

Evergreen Fixed Income Fund seeks current income consistent with capital preservation by investing primarily in subordinated notes backed by commercial real estate loans, short-duration bond funds and ETFs, investment-grade corporate bonds, and money market funds. Under normal circumstances, at least 80% of net assets, plus borrowings for investment purposes, will consist of fixed-income securities.

Revere Capital Management serves as adviser, with a 0.45% annual management fee. The fund offers common shares and plans monthly repurchase offers. The minimum initial investment is TBD, while subsequent investments require $100 through an automatic investment program or $1,000 otherwise.

Nuveen Enhanced Credit Income Fund

Nuveen Enhanced Credit Income Fund seeks a high level of current income by investing across public and private credit markets. Its investments may include corporate debt, government securities, mortgage-backed and asset-backed securities, preferred securities, floating-rate loans, and directly originated credit instruments. The fund will invest at least 80% of its Assets in credit-related instruments and at least 80% of Managed Assets in below-investment-grade securities.

The fund offers Class I, Class A1, and Class A2 Shares. Minimum initial investments are $100,000 for Class I and $2,500 for Classes A1 and A2. Class I has no minimum subsequent investment, while Classes A1 and A2 require $100. Class A1 carries a maximum sales load of 2.50%.

Nuveen Enhanced Strategic Income Fund

Nuveen Enhanced Strategic Income Fund seeks a high level of current income through a diversified portfolio of income-producing investments, including government and corporate debt, mortgage-backed and asset-backed securities, preferred securities, fixed- and floating-rate loans, and public and private credit instruments. The fund will invest at least 80% of Managed Assets in income-producing investments and may invest up to 50% of Managed Assets in below-investment-grade instruments.

The fund offers Class I, Class A1, and Class A2 Shares. Minimum initial investments are $100,000 for Class I and $2,500 for Classes A1 and A2. Class I has no minimum subsequent investment, while Classes A1 and A2 require $100. Class A1 carries a maximum sales load of 2.50%.

New Tender Offer Funds

Churchill Direct Lending Fund

Churchill Direct Lending Fund seeks current income and capital appreciation by investing in private debt and equity of U.S. middle-market companies backed by private equity sponsors. The fund primarily targets first-lien senior secured loans and first-out positions in unitranche loans, with smaller allocations to junior debt and equity co-investments. It intends to allocate at least 80% of its investment portfolio to senior loans.

Churchill Asset Management serves as adviser. The fund is a privately offered registered closed-end fund offering Class I Shares to accredited investors, with a $50,000 minimum initial investment and $10,000 minimum additional investment. The adviser expects to recommend discretionary quarterly tender offers, generally beginning after the fund’s first eight fiscal quarters.

G-X Venture Capital & Growth

G-X Venture Capital & Growth seeks long-term capital appreciation through investments in venture capital and growth equity. The Goldman Sachs Asset Management fund focuses on secondary investments, including direct secondaries, continuation vehicles, and co-investments, primarily through underlying private funds. Its investments focus on North America, with limited exposure to other regions.

The fund’s preliminary prospectus identifies Class I, Class S, and Class D Shares, with a $25,000 minimum initial investment and $10,000 minimum additional investment. The fund expects to recommend discretionary quarterly tender offers of up to 2.5% of net asset value. None of the three proposed classes carries an upfront sales charge.

VanEck Private Growth Fund

VanEck Private Growth Fund seeks long-term capital appreciation by investing in late-stage venture capital and growth equity companies focused on innovation. Target industries include artificial intelligence, aerospace, defense, cybersecurity, semiconductors, robotics, energy, financial technology, and healthcare technology. The fund may invest directly in private companies or indirectly through special purpose vehicles, venture capital funds, and private equity funds.

Van Eck Associates Corporation serves as adviser. The fund offers Class I and Class S Shares, with a $25,000 minimum initial investment and $5,000 minimum subsequent investment. Class S carries a sales load of up to 3.50%. The board expects to consider discretionary quarterly tender offers of approximately 2.5% of outstanding shares.

SignalRank Corporation

SignalRank Corporation seeks long-term capital appreciation by investing systematically in preferred equity issued by private, venture-backed companies during Series B financing rounds. The fund uses a proprietary investment scoring model and an equal-weighted approach to build a diversified venture capital portfolio. It currently holds approximately 67 preferred equity positions and aims to expand to approximately 150 positions over time.

SignalRank AI Corp. serves as investment adviser. Unlike the tender offer funds above, SignalRank is a registered closed-end fund that intends to seek an exchange listing within 12 months of its 1940 Act registration becoming effective. The fund currently offers common shares privately, with no minimum initial or subsequent investment. Shares generally carry an offering price of 1.25 times NAV, plus a sales load of up to 5% when purchased through its placement agent.

Private NT BDC Filings

Sagard Private Income Fund plans to operate as a privately offered, non-traded perpetual-life BDC, seeking current income and downside protection primarily through newly originated, first-lien senior secured loans to U.S. middle-market companies.

Industry Links

ACIF–BCPL Merger: What Private Credit Fund Managers Can Learn Alternative.Investments

Credit Interval Fund Redemptions Echo BDCs as PE/VC Strategies Lead Performance and Sales – Stanger

Opinion: Fast starts are crucial to evergreen fund success – Citywire

Nasdaq Fund Secondaries, LODAS Markets Complete First Interval Fund Auction with Harrison Street Private Wealth – LODAS Markets

SEC Proposes Amendments to Expand Retailization of Private Markets – Foley & Lardner

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