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

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

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...

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...

Demand for liquidity in The Carlyle Group's private BDC, Carlyle Credit Solutions, Inc. (formerly TCG BDC II, Inc.), exploded in Q4 2023....

Non-traded REIT sales see a significant decline in early 2024, prompting investors to turn to business development companies for higher...

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....

The mix of large ($3B+) traded BDCs is likely to experience significant changes in 2024 as private and non-traded BDCs begin trading on...

Current fundraising and redemption trends highlight the need for expanding secondary market liquidity options both now and as newer...

Over the past twelve months, non-traded asset prices have generally traded down - with AR Global's Healthcare Trust falling nearly 47% in...

Blue Owl Capital Corp. II has seen a drop in share repurchase program utilization for the first time in three years. It is also the first...

Aside from Blue Owl Capital Corp. II, shareholders' demand for liquidity remains well within Blue Owl Capital's capacity to provide it.

Shareholder liquidity utilization continues to ebb and flow between Blackstone's mega funds BREIT and BCRED. While BCRED met 100% of...

MSC Income Fund reported results of their most recent share repurchase program. The recent Dutch Auction style repurchase offer has...

Price discovery is a dynamic process, especially in illiquid markets, and large transactions with narrow bid/ask spreads are rare....

MSC Income Fund has launched an innovative Dutch auction style tender offer. Recent transactions suggest that investors who are willing...

FS Energy & Power Fund, soon to be FS Specialty Lending Fund, has a long secondary market history. In a recent SEC filing, the Fund...

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

HMS Income fund successfully redeemed ~11% of shareholder redemption requests for the third consecutive quarter. This update is a...