Columbia and Bahnsen file interval funds that source private assets two ways
The two filings landed days after the SEC voted to propose looser repurchase rules and a 20% performance-based fee for advisers.
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All Interval Fund Daily reporting, newest first.
SEC proposes looser interval-fund repurchase rules as Ares caps third-quarter redemptions
Ares Strategic Income Fund's third-quarter summary reports investor requests equal to 11.6% of the fund and omits the payout split and new portfolio-quality figures.
Columbia Hamilton Lane and Bahnsen file for interval funds with opposite private-asset sourcing
Columbia's growth-innovation fund routes at least 40% of its net assets exposure through Hamilton Lane-run funds, while Bahnsen's fund builds from pooled vehicles chosen manager by manager.
Starwood REIT's August NAV slips about 0.7% as Apollo venture retires credit lines
Apollo's $1.02 billion bought 41.5% of an affordable-housing venture, and the proceeds repaid an $81.5 million revolver and $876 million of unsecured borrowings.
SEC proposes performance fees and looser repurchase rules for interval funds
The Sept. 30 vote also seeks comment on qualifying accredited investors by exam or credential rather than thresholds.
SEC proposes 20% performance-based fee for advisers and looser interval fund redemptions
A companion proposal would let CPAs and chartered financial analysts qualify as accredited investors.
Ares Strategic Income Fund limits third-quarter repurchases as requests hit 11.6%
Investor requests reached 11.6% in the third-quarter window, and the published summary omits the payout split and new portfolio-quality figures.
Apollo interval fund names no successor as Spencer Propper resigns
Spencer Propper leaves the portfolio manager role Sept. 30 and remains an Apollo partner through March 2027.
Apollo interval fund portfolio manager Spencer Propper resigns
He leaves the portfolio manager role Sept. 30 and remains an Apollo partner through March 2027, with no successor named in the fund's disclosure.
DTCC invests in iCapital and announces alternatives-processing collaboration
The collaboration covers transaction processing, data exchange, administration and reporting; the account discloses no dollar figure or timetable.
MoonPay to acquire North Capital, adding a secondary venue for nontraded alts
PPEX, the ATS North Capital operates, has executed more than 84,000 trades this year and 2026 volume has already passed 2025's total, according to the companies.
VineBrook borrows $25 million from adviser affiliate to fund discounted tender
The loan clears a financing condition on a tender offer priced 37% below June 30 NAV and gives the affiliated lender a minimum-NAV covenant.
ARK and Securitize announce a tokenized ARKVX share class on Ethereum
A September SEC order lets the fund carry conventional, exchange-listed and tokenized share classes inside one registered closed-end fund, with Securitize as infrastructure provider.
Frost and LPL recruit UBS and Raymond James advisor teams
A three-advisor Fowler team moved from Raymond James to LPL, and the Tavarez, Barnett & Steen team left UBS for Frost Brokerage Services, while a second UBS advisor followed to Frost Investment Services.
Sterling doubles the OP unit lockup, leaving retail's one-year minimum in place
The nontraded REIT's acquisition currency now takes twice as long to redeem, while the retail share class keeps its one-year clock.
StratCap's REIT ends its sale review and parks the queue
With no buyer to inherit the redemption obligation, shareholder recovery now runs through asset sales and a special distribution the board has not committed to.
Sterling doubles the OP unit lockup; retail shareholders keep their one-year clock
The REIT's acquisition currency now takes twice as long to redeem, while the retail share class keeps its one-year minimum.
The redemption queue is now a liability no buyer will underwrite
StratCap's sale review ends without a buyer, leaving the standalone sponsor to hold the liquidity risk the process put in play.
NAV BDC redemptions ease, but the largest queues still set the price
Stanger's Q3 repurchase data shows the structure clearing redemptions within program limits while eight funds remain unreported — and credit's lost fundraising is hard assets' gain.
Cox Capital prices the semi-liquid exit
A $40 million tender at 12.5% and 17.5% off NAV gives advisors the first benchmark for what the repurchase cap costs.
EQT's wealth push is a wrapper bet
Hamilton Lane's survey of 390 advisors gives sponsors the demand curve they will spend against; the shelf decides which vehicles absorb it.
Cox Capital prices the semi-liquid exit at 12.5% and 17.5% off NAV
A $40 million tender offer on two of the largest nontraded BDCs is too small to clear a queue, but it hands the wealth channel a number for what the repurchase cap costs.
BlackRock's lighter BDC tenders show the exit queue is doing the work
A modest dip in nontraded BDC redemption requests measures the wrapper, not the loans, and the pressure is clearest where no scheduled repurchase window exists.
Ares prorates a third time, and the balance sheet clears it
Ares Strategic Income Fund will pay about $515 million of a $1.35 billion redemption queue while September subscriptions ran at $8 million — the arithmetic that decides which semi-liquid vehicles hold their shelf space.
Apollo Debt Solutions caps third-quarter tender at $700 million as requests hit 14.7%
A $700 million buyback against a 14.7% request line leaves the queue intact; the fill rate decides how the next window reads.
StratCap ends its sale review and keeps the redemption queue in-house
With no buyer to inherit the obligation, the standalone sponsor now owns the liquidity risk its own review had put in play.
Blackstone takes its wrapper offshore while peers ration exits
The undisclosed repurchase terms will decide whether semi-liquid liquidity becomes a product feature or a jurisdictional workaround.
Blackstone takes its perpetual wrapper offshore
The four-asset sleeve solves the advisor's allocation problem; its repurchase terms will decide whether it holds.
CAIS builds the gate that decides semi-liquid flows
A seven-member shelf council and a 55% platform asset jump show that distribution placement now sets the pace for semi-liquid capital formation.
CAIS puts seven shelf gatekeepers on its roadmap
The platform's 55% asset growth is a company-reported figure; the integration work in the hands of its new council members is where the next increment gets decided.
Debt, not the queue, separates perpetual from terminal
Blue Owl and Apollo treat the 5% cap as permanent; KKR and RREEF show the alternative is support draws and liquidation.
OCIC's bigger revolver backs the raise, not the queue
Blue Owl's credit BDC added $300 million of revolver capacity and $1 billion of unsecured notes in September; its repurchase window is still 5% against requests of 18.8%.
Apollo BDC holds its 5% cap as the queue rolls again
Three straight oversubscribed tenders have kept the fill rate under half, and the inflow line is now the fund's weakest number.
North Haven prorates a third straight window
Three consecutive prorations turn a quarterly liquidity feature into a backlog, and advisors price backlogs differently.
Zero-size filings are the shelf, and credit isn't on it
The week's only priced placement raised $6.5 million into a hedge fund; the transition capital with real numbers moved through vehicles the wealth channel does not buy.
KKR Draws Early Under Its NAV-Support Plan
An accelerated contribution spends support already promised, and the timing tells wealth advisors more than the amount would.
RREEF Property Trust approves liquidation as exit demand outruns fundraising
A liquidation with an end date beats a repurchase queue that never clears, and it shows how much of a semi-liquid exit rests on the sales engine.
Invesco bought its raise jump with sponsor economics
Wealth-channel real estate inflows are rising, but the currency is fee cuts, bonus shares and discounted tenders, not investment performance.
Invesco's NAV REIT raise climbed 71% as per-share value held flat
The wealth channel keeps buying NAV real estate, but Invesco is still paying — in bonus shares, fee cuts and a discounted tender — to keep the subscriptions coming.
The semi-liquid exit promise splits by wrapper
North Haven prorates a third straight tender while Priority Income cuts its repurchase cap to 2.5% of a NAV down 71%. The legal wrapper decides which exit breaks first.
The tender offer becomes a dial sponsors turn
Two repurchase rewrites in a week, plus new vehicles built to skip the window entirely, leave advisors pricing the exit as sponsor discretion rather than a printed 5%.
North Haven prorates a third straight tender as the queue refiles
Three straight quarters of sub-50% proration have tied the flagship's exit window to inflows, not the asset calendar.
Priority Income caps its quarterly exit at 2.5%
A repurchase priced off a NAV down 71% in two years can only scale back the queue it was built to serve.
LaSalle files a debt REIT to turn closed-end fees into permanent capital
JLL's second nontraded REIT sells commercial real estate debt through a Reg D door while the wealth channel is buying warehouses, and the fees are built to compound.
SmartStop books shelf space for a one-property REIT
The listing tests whether platform placement can raise capital ahead of the portfolio it is meant to buy.
RREEF puts a clock on the semi-liquid exit
A trust that paid every July redemption in full is still winding down, which makes the sale calendar, not the repurchase ceiling, the term advisors have to price.
RREEF ends the queue and puts seven properties on a two-year clock
A trust that cleared every July redemption request now pays holders out through asset sales, and the 2% ceiling that rationed the queue looks like the only liquidity term the wrapper ever really sold.
Blackstone puts dealmakers over the BREIT franchise
Katie Keenan, BREIT's chief executive, now reports to two co-heads chosen from operations and acquisitions, and the monthly return advisors track fell to 0.6% in August.
Ares buys shelf space with yield; PSP funds the growth
Both nontraded REITs raised payouts the same day the industrial fund brought in a 49% partner for a $2.4 billion logistics venture — distribution rates are a cost of shelf space, and this quarter the queue made them cheap.
Blue Owl tech BDC trims credit line as it extends maturity to 2031
Extending duration while cutting commitments is a rare pairing, and for a tender-offer BDC it reads as capacity sized to deployment rather than ambition.