Net assets in unlisted closed end funds (unlisted CEFs) reached $129.7 billion at the end of 2023, up 15.6% from the prior year. Interval funds, with $72.9 billion in net assets accounted for 56% of unlisted CEF assets. Tender offer funds, with $56.8 billion, accounted for 44%. The following chart shows the growth in unlisted […]
Note: this article has been updated to include First Eagle Real Estate Lending Fund, which filed its registration statement at around 5:00 PM EST on the last business day of the year. In the final month of 2023, five new interval funds filed draft registration statements. Fund Name Strategy Registration Date First Eagle Real Estate […]
Alpha Alternative Assets Fund is a new interval fund focusing on esoteric and longevity based assets. In recent months it has made several key strategic investments, and has started to build fundraising momentum. Alpha Alternative Assets Fund was formerly known as the A3 Credit Income Fund , and was managed by A3 Financial Investments, LLC. […]
Alternative Liquidity Index LP has extended the expiration date with respect to their offer to purchase for cash up to a maximum of 238,000 Class I Shares of the Wildermuth Fund. The Purchasers are extending this offer in order to give investors more time to complete the documentation required to participate in the Offer. The […]
Four new interval funds filed registration statements in November. Fund Name Strategy Registration Date Denali Structured Return Strategy Fund Credit 11/28/2023 Cion Grosvenor Infrastructure Fund Infrastructure 11/22/2023 Nuveen Enhanced Floating Rate Income Fund Credit 11/21/2023 Octagon XAI CLO Income Fund Credit 11/13/2023 For a list of all interval funds with pending registration statements, see New […]
