Newly Launched Interval Funds
The universe of closed end interval funds continues to grow, with a diverse group of Sponsors launching new funds. To track funds in registration, and new funds declared effective, see Public Listings Update under Tools and Data.
Several funds have been declared effective and begun raising capital in 2016. For example, Nexpoint Real Estate Strategies Fund was declared Effective by the SEC on July 1, 2016. The fund’s adviser is NexPoint Advisors, L.P., headquartered in Dallas, TX, a SEC-registered investment advisor, and an affiliate of Highland Capital Management. NexPoint/Highland is a highly experienced group in the alternative investments space. It serves as an external adviser to numerous credit and real estate funds, including publicly traded and private funds. With at least 6 closed-end fund interval funds in registration NexPoint/Highland is clearly making a large bet on the structure’s ability to deliver alternative strategies to a wide variety of investors.