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 […]
This month five new interval fund filed registrations statements: Fund Name Strategy Registration Date The Pop Venture Fund PE/VC 3/29/2024 Axxes Opportunistic Credit Fund Credit 03/15/2024 Cascade Private Capital Fund PE/VC 03/14/2024 Accordant Real Estate Growth Fund Real Estate 03/07/2024 John Hancock Multi Asset Credit Fund Credit 03/06/2024 Other notable fund registrations include a new […]