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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



MSC Income: Repurchase Program Update
MSC Income Fund reported results of their most recent share repurchase program. The recent Dutch Auction style repurchase offer has...
Aug 7, 20231 min read


MSC Income: Secondary Price Discovery
Price discovery is a dynamic process, especially in illiquid markets, and large transactions with narrow bid/ask spreads are rare....
Jun 21, 20231 min read


MSC Income Fund Utilizes New Tender Offer Format
MSC Income Fund has launched an innovative Dutch auction style tender offer. Recent transactions suggest that investors who are willing...
May 22, 20231 min read


Secondary Market Liquidity Provider Diversity
The secondary market for retail alternatives is growing. We are seeing more diversity among liquidity providers and the data shows that...
May 11, 20231 min read


Interval Fund Utilization Moves Higher
#Intervalfunds are bumping up against monthly and quarterly redemption limits. Net outflows across numerous intervals suggest...
May 10, 20231 min read


Liquidity Program Utilization Heats Up
Based our our analysis, liquidity program utilization is increasing across a broader set of nontraded funds that are yet to be...
May 3, 20231 min read


KKR Real Estate Select Trust: Oversubscriptions Persist
The KKR Real Estate Select Trust (KREST) remains in the oversubscribed club for the second consecutive quarter. KREST is a tender offer...
Apr 19, 20231 min read


SmartStop Self Storage REIT: Secondary Market Analysis
SmartStop Self Storage is urging shareholders to reject a recent third party tender offer. Investors who are looking for liquidity would...
Mar 21, 20231 min read


DI Wire: Cox Capital Partners Provides Direct Secondary Liquidity for Nontraded Alts
Cox Capital Partners, an SEC-registered investment firm based in Philadelphia, PA, is an institutional liquidity solution for illiquid...
Mar 20, 20232 min read


HMS Income Fund Repurchase Update
HMS Income fund successfully redeemed ~11% of shareholder redemption requests for the third consecutive quarter. This update is a...
Feb 6, 20231 min read


2022 Wrapped
It’s a wrap! It was a year of record growth for Cox Capital and, in many respects, a record year for the industry. Check out some...
Dec 19, 20221 min read


Demystify Non-Traded Investments: PPB Capital Partners
Frank Burke and Anton Golding of PPB Capital Partners recently published a thoughtful article regarding the liquidity and transparency of...
Dec 14, 20221 min read


Starwood Joins BREIT Liquidity Woes
Starwood Capital Group and Blackstone continue to generate headlines for their increasingly illiquid products. However, non-traded...
Dec 5, 20221 min read


Blackstone Real Estate Income Trust (BREIT) Breaches Redemption Limit
BREIT’s repurchase program has reportedly become oversubscribed for the first time, confirming that the laws of supply and demand do, in...
Dec 1, 20221 min read


Market Liquidity Pains Continue
Liquidity is the backbone of the market and has deteriorated quickly in this extended trench of volatility and macro pressure. Both...
Oct 20, 20221 min read


Multiple Active Tender Offers for Griffin Realty Trust Highlight Ongoing Value Gap in Nontraded Alts
Griffin Realty Trust, a well-known nontraded real estate investment trust (REIT), currently has two active and one recently completed...
Sep 13, 20221 min read


"Predatory" Mini-Tender Offers Highlight Liquidity Challenges For Real Estate Alts
Featured article published on Wealthmanagement.com Written by Beth Mattson-Teig August 29, 2022 https://www.wealthmanagement.com/reits/pr...
Aug 30, 20225 min read


Third Party Tender Offers Destroy Shareholder Value
There are currently six active third party tender offers for retail-focused #BDCs and #REITs. The predatory third party tender pricing...
Aug 25, 20221 min read


Secondary Market Pricing Looms Over 3rd Party Tenders
As expected, recent market volatility has influenced the secondary market for illiquid assets. However, prices offered by firms that...
Jul 25, 20221 min read


Secondary Markets Provide Superior Pricing
Secondary markets and directly negotiated transactions tend to provide superior pricing for non-traded REIT shareholders who are seeking...
Jul 18, 20221 min read

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