Seven new interval funds filed registration statements in May 2025. WVB All Markets Fund captured headlines because of the players involved. Credit strategies continued to be the most popular. Fund Category Date Diameter Dynamic Credit Fund Credit 5/21/2025 Hamilton Lane Credit Income Fund Credit 5/19/2025 AAM/Wilshire Infrastructure Fund Infrastructure 5/13/2025 Origin Real Estate Credit Interval […]
In April, three new interval funds, and three new tender offer funds filed initial registration statements with the SEC. Fund Type Category Date StepStone Private Credit Co-Investment Fund Tender Credit 04/25/2025 Sardis Credit Opportunities Fund Interval Credit 04/16/2025 Franklin BSP Lending Fund Interval Credit 04/07/2025 Morgan Stanley Private Markets and Alternatives Fund Tender Private Equity […]
In March 2025 three new interval funds and four new tender offer funds filed registration statements. March was a rare month in which tender offer fund registrations outpaced interval fund registrations. Fund Type Category Registration Date CAIS Sports, Media and Entertainment Fund Tender PE/VC March 28 Lincoln Bain Capital Total Credit Fund Interval Credit March […]
By definition, all interval funds must offer intermittent liquidity by making repurchase offers at fixed intervals(usually quarterly). Under Rule 23c-3, also known as the interval fund rule, interval funds make periodic repurchase offers at NAV a fundamental policy, requiring shareholder approval to modify. Repurchase amounts between between 5% and 25% of outstanding shares, with board […]
Six new interval funds filed draft registration statements in February. Fund Name Strategy Registration Date Optimize Premium Yield Fund Credit 2/21/2025 Optimize Growth Equity Fund PE/VC 2/21/2025 JPMorgan Credit Markets Fund Credit 2/14/2025 Pursuit Asset-Based Income Fund Credit 2/5/2025 Oaktree Asset-Backed Income Private Fund Inc. Credit 2/3/2025 Oaktree Asset-Backed Income Fund, Inc. Credit 2/3/2025 Optimize […]