Cox Capital and its purchaser group have launched two mini-tender offers for Franklin BSP Capital Corporation and FS Specialty Lending....

Bluerock Total Income + Real Estate was marketed as an evergreen interval fund with predictable quarterly redemptions at NAV. Now,...

Interval Fund Update: Q4/Q1 data confirms that redemption pressure remains widespread across strategies. While a few funds saw modest...

There isn’t always a clear winner between secondary markets and third party tender offers. So far in 2025, third party tender offers...

Here’s a look at Q2 2025 pro-rata redemption acceptance rates for three large semi-liquid funds:  Apollo Diversified Real Estate Fund...

Q4 2024 interval fund flows are coming in and even large funds are brushing up against structural limits. This is the first in a series...

After years of starts and stops (no pun intended)  SmartStop Self Storage  executes a 1-for-4 reverse stock split, potentially indicating...

Investor redemptions across real estate-focused interval and tender offer funds are surging, putting these semi-liquid structures to the...

Our latest analysis of actively repurchasing funds highlights a clear but often overlooked pattern in how liquidity constraints emerge:...

Cox Capital's Transaction Volume Surged 309% in 2024 – and demand for secondary liquidity continues to accelerate into 2025. According to...

Probably not. An analysis of credit funds of various sizes across market conditions suggests that reducing liquidity through structural...

MSC Income Fund, Inc., a nontraded BDC, intends to list on the NYSE under the symbol "MSIF" sometime this year, subject to a notice of...

Q3/Q4 are consistently the busiest time of the year for retail secondary markets as advisors work with their clients to rebalance...

"Where are they now?" - Formerly nontraded REITs American Healthcare REIT (AHR) and Sila Realty Trust (SILA) have made meaningful price...

This past week, Blue Owl Capital Corporation III (OBDE) and Morgan Stanley Direct Lending Fund (MSDL), both formerly nontraded BDCs,...

As market volatility returns, all eyes are on interval funds. In  John Sage 's most recent  Bloomberg  article, our CEO  John Cox , and...

Perpetual REITs and BDCs were developed, in part, to address the illiquidity of non-traded Lifecycle Funds. Interestingly, their...

In this week's Intelligent Investor column, our CEO John Cox shares his secondary market insights with The Wall Street Journal's Jason...

Cox Capital Partners announced on Friday, May 17, 2024, that it has extended the expiration date for the Mini-Tender Offer for...

We are excited to announce our offer to purchase Franklin BSP Capital Corp. Our offer represents a 40% increase above the most recent...