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...

There will never be a perfectly liquid fund structure for illiquid asset classes. Illiquid and semi-liquid fund structures have numerous...

Increased volatility in liquid markets tends to affect secondary market prices before third party tender offer prices, which can produce...

As the alternatives marketplace continues to expand, interval funds are playing a driving role in the growth and adoption of semi-liquid...

The secondary market for retail alternatives is growing. We are seeing more diversity among liquidity providers and the data shows that...

Based our our analysis, liquidity program utilization is increasing across a broader set of nontraded funds that are yet to be...

Frank Burke and Anton Golding of PPB Capital Partners recently published a thoughtful article regarding the liquidity and transparency of...

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

As expected, recent market volatility has influenced the secondary market for illiquid assets. However, prices offered by firms that...

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

Traded markets don't always mean liquid markets.

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

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

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

This week, the second unlisted tranche of CION shares becomes tradable on the NYSE. The 16% pullback from Friday raises questions about...