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, […]
Five new interval funds filed registration statements in April 2024. Fund Category Management Fee Steadfast Structured Growth Fund Credit 1.20% of net assets Privacore PCAAM Alternative Income Fund Credit TBD OneAscent Private Markets Access Fund PE/VC 1.50% of net assets Principal Private Credit Fund I Credit 1.25% of net assets Sphinx Opportunity Fund Real Estte […]
Unlisted closed end funds(CEFs) are continuing their rapid growth in 2024. As of the most recent SEC filings, there are a total of $75.3 billion net assets in interval funds, and $60.9 billion net assets in tender offer funds. Year over year net asset growth is 19.3% for interval funds, and 20.3% for tender offer […]