Eight new interval funds filed registration statements in July 2024. Seven of these new funds are credit focused, and one is venture capital. Fund Name Strategy Registration Date Russell Investments Strategic Credit Fund Credit 7/30/2024 Prospect Enhanced Yield Fund Credit 7/23/2024 Lord Abbett Municipal Opportunities Fund Credit 7/22/2024 Callodine Specialty Income Fund Credit 7/16/2024 Gladstone […]
CINCINNATI, OHIO – July 23, 2024 Ultimus Fund Solutions® (Ultimus®), a leading independent provider of full-service, technology-enhanced fund administration, accounting, and investor solutions, is proud to announce Ultimus Registered Alternatives Gateway™ (Ultimus Gateway), a scalable platform to launch registered alternative funds. Harnessing Ultimus’ premier fund governance practices in the registered fund space, extensive alternatives experience, […]
Four interval funds filed new registration statements in June 2024. The big news for the month was the entrance of two “traditional” investment firms into the interval fund market: Russell and Wellington. Additionally, four new tender offer funds and two NT BDCs entered the alternative investments fund pipeline. Russell Investments New Economy Infrastructure Fund Russell Investments […]
Two interval funds and three tender offer funds filed draft registration statements in May. Fund Structure Category Offering Type Date Booster Income Opportunities Fund Interval Credit Public 5/30/2024 TCW Spirit Direct Lending LLC Tender Credit Private 5/30/2024 Variant Alternative Lending Fund Tender Credit Public 5/10/2024 Diamond Hill Securitized Credit Fund Interval Credit Public 5/7/2024 First […]
However beautiful the strategy, you should occasionally look at the results. Winston Churchill The interval fund sector has gone through unprecedented growth over the past few years. Yet there has been very little coverage of how these funds are actually performing, until now. In the article we provide a broad overview of interval fund performance, […]