Secondaries | Cox Capital Partners

Sep 13
1 min

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...

"Predatory" Mini-Tender Offers Highlight Liquidity Challenges For Real Estate Alts

Aug 30
5 min

Industry News

"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...

Third Party Tender Offers Destroy Shareholder Value

Aug 25
1 min

Industry News

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...

Oversubscribed Repurchase Programs Persist

Aug 5
1 min

Industry News

Oversubscribed Repurchase Programs Persist

The trend continues. Recent nontraded #BDC share repurchase programs have been unable to meet shareholder demand for liquidity. Cox...

Secondary Market Pricing Looms Over 3rd Party Tenders

Jul 25
1 min

Education

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...

Secondary Markets Provide Superior Pricing

Jul 18
1 min

Industry News

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 15
1 min

Industry News

Inflection Point for Data Center REITs?

Famed short seller Jim Chanos says data center REITs are the next big short idea while Blackstone and others continue to invest in the...

Jul 7
1 min

Industry News

Blackstone BDC Goes Liquid

This week, Blackstone Secured Lending Fund ($BXSL), the fourth largest Business Development Company, completed its tiered liquidity...

CION Investments Completes Liquidity Event

Jul 7
1 min

Industry News

CION Investments Completes Liquidity Event

Congratulations to CION Investments ($CION) and their shareholders on completing the final stage of CION's three-part listing. Over the...

Consider Price vs. Value Amid Volatility

Jun 17
1 min

Education

Consider Price vs. Value Amid Volatility

It's important to consider price vs. value in nontraded alternatives during periods of market volatility. Detailed below are some...

May 6
1 min

Education

Fund Liquidity Depends on Vintage

Fund liquidity, specifically for nontraded alternative investment funds, depends on when the vehicle was launched. Early vintages...

Apr 20
1 min

Secondary Process

Navigating a Secondary Transaction

As the premier liquidity provider for retail alternative investments, one of Cox Capital’s primary goals is to provide an efficient and...

Apr 18
1 min

Industry News

FBRT Lock-Up Expiration

This week in nontraded alternatives: Franklin Benefit Street Partners Realty Trust ($FBRT) lock-up expiration. On 4/19/22, six months...

Apr 13
1 min

Education

How Do You Value a BDC?

While there are a number of factors to consider, management structure is arguably one of the most important. Internally managed BDCs...

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