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Focus
Our singular focus is to find the best candidate for the opportunity within segments of the financial marketplace that we understand.
Our broad network enables us to execute highly customized, confidential, and comprehensive placements.
Focus
Our singular focus is to find the best candidate for the opportunity within segments of the financial marketplace that we understand.
Our broad network enables us to execute highly customized, confidential, and comprehensive placements.
Secondaries Liquidity



Blue Owl Capital Corp. II: Repurchase Requests Jump Up
Blue Owl Capital Corp. II's share repurchase program is once again under pressure. The $2 billion Blue Owl BDC had to increase the size...
Mar 27, 20241 min read


American Healthcare REIT: Comrit Decreases Tender Price
Comrit has lowered their bid for American Healthcare REIT (NYSE: AHR) from $13.15 to $5.23 according to an 8-K filed by the newly listed...
Mar 17, 20241 min read


Carlyle Credit Solutions BDC Puts Up the Gate
Demand for liquidity in The Carlyle Group's private BDC, Carlyle Credit Solutions, Inc. (formerly TCG BDC II, Inc.), exploded in Q4 2023....
Mar 11, 20241 min read


InvestmentNews: REIT sales tank, BDCs roll at start of 2024: Report
Non-traded REIT sales see a significant decline in early 2024, prompting investors to turn to business development companies for higher...
Feb 29, 20241 min read


Guess the Fund: Interval Fund Liquidity Program Utilization
Can you guess which credit focused interval fund this is? In this instance, the volume of tendered shares is increasing faster than the...
Feb 16, 20241 min read


Nontraded Shareholders Stay on the Sidelines During Fund IPOs
Hurry up and wait - existing shareholders take a backseat to IPO participants when it comes to liquidity. The recent influx of listings...
Jan 29, 20241 min read


Blue Owl BDCs Continue to Meet Liquidity Requests
In light of this week's Blue Owl Capital Corp. III listing, we're checking in on Blue Owl Capital's three nontraded tender offer funds....
Jan 26, 20241 min read


KKR Real Estate Select Trust Prorates Redemption Requests
KKR Real Estate Select Trust is once again unable to meet shareholders' demand for liquidity. In the most recent two quarters, $KREST has...
Jan 22, 20241 min read


Publicly-Traded BDCs and Upcoming Listings
The mix of large ($3B+) traded BDCs is likely to experience significant changes in 2024 as private and non-traded BDCs begin trading on...
Jan 18, 20241 min read


KBS III Going Concern
In light of KBS III's "Going Concern" disclosure it's important to remember that financial markets are forward-looking and net asset...
Dec 29, 20231 min read


Pacific Oak Strategic Opportunity REIT Value Dives
Pacific Oak Strategic Opportunity REIT ($PCOK) has reported a 23.5% drop in NAV. Year to date transactions show the write-down was...
Dec 13, 20231 min read


WSJ Article feat. John Cox: What's a Real Estate Fund Worth?
Article by Jonathan Weil, WSJ “A lot of our business is based on explaining why NAV is not an indication of fair market value.” In...
Dec 6, 20231 min read


DI Wire: Alternative Investment Fundraising Update
Current fundraising and redemption trends highlight the need for expanding secondary market liquidity options both now and as newer...
Nov 27, 20231 min read


Sila Makes No Recommendation on Recent Tender Offer
Sila Realty Trust, Inc. makes "no recommendation" on whether the Sila's shareholders should accept a recent third-party tender offer,...
Nov 22, 20231 min read


Apollo Merger News
In a surprise announcement, Apollo Global Management, Inc. has proposed merging its BDC ($MFIC) with two Apollo closed-end funds ($AFT,...
Nov 8, 20231 min read


Highlands REIT Tender Offer
Highlands REIT ($HHDS) has made an offer to repurchase up to $20 million worth of their shares in a recent tender offer. What does $20...
Oct 24, 20231 min read


BREIT: Third Party Tender Offer
Mackenzie Capital has launched a third party tender offer for Blackstone Real Estate Income Trust #BREIT. BREIT investors who are...
Oct 24, 20231 min read


Nareit Gives Gaming Sector the Special Treatment
Gaming gets its own Nareit sector! $VICI and $GLPI, which were removed from the Specialty sector in early 2023, now comprise the two...
Oct 16, 20231 min read


KKR Real Estate Select Trust: Gated Again
KKR Real Estate Select Trust falls back into oversubscription with sellers receiving 77% of their requested redemptions. Sign up to...
Oct 11, 20231 min read


American Healthcare REIT: Third Party Tender Offers
The most recent third party offer for American Healthcare REIT is significantly lower than secondary market prices and well above the...
Oct 3, 20231 min read

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