The Accordant ODCE Index Fund(ODCEX) is a new interval fund/REIT hybrid that launched in September. ODCEX was formerly known as the IDR Core Property Index Fund, and it launched in 2019 as a privately offered tender offer fund/REIT. In August, Shareholders approved the appointment of a new advisor and subadvisor. They also made several structural […]
Intermittent partial liquidity through regular repurchases is the defining feature of interval funds. Under the a regulation known as the interval fund rule, closed end interval funds are required to offer to repurchase between 5% and 25% of shares at NAV at predetermined intervals(quarterly, semi-annually, or annually). The Fund is required to provide advanced notice […]
Interval Fund Assets now exceed $67 billion, up approximately 14% from the previous year. There are currently 92 active interval funds, of which 86 have reported assets. Credit continues to be the most popular strategy, with $34 billion in net assets, slightly more than half of total for the sector. Real estate is the second […]
To assist advisers considering the unlisted closed-end fund wrapper for new products, Ultimus collaborated with Interval Fund Tracker to examine predominant fee structure options and trends across various strategies in the interval fund marketplace targeted to retail and high-net-worth investors. Click here to access the full report. Annual fund expenses are typically found in a […]
In an increasingly competitive capital raising environment, asset managers need to differentiate themselves by developing alternative investment strategies that add true value to investor portfolios. They also need to innovate in terms of product structure. Interval funds offer a compelling option for active managers with proven strategies to raise capital from the widest audience possible.