Volume XV No. 17 | Friday, April 24, 2026
Weekly Highlights
FIRST TRUST ENHANCED PRIVATE CREDIT FUND (TENDER OFFER FUND)
4/23/2026 EFFECT 4/22/2026 N-2/A
Type: Interval Fund
Primary: Unlimited - Class A and I Shares
The Company filed an effective amended prospectus for its conversion into an Interval Fund. The fund invests in private credit investments, including privately negotiated and broadly syndicated corporate loans, CLOs, SRTs, CLNs, and other types of asset-backed fixed income securities.
NATIONAL HEALTHCARE PROPERTIES, INC. (LIFECYCLE REIT)
4/21/2026 EFFECT 8-A12B
The Company’s Class A common stock began trading on 4/22/26 on Nasdaq under the symbol “NHP” with an IPO price of $12 per share.
Press Room
Capital Rotation Away from Private Credit Accelerates Toward HALO Strategies (4/22/2026)
Stanger published the March 2026 edition of The Stanger Market Pulse. Alternative investment fundraising for March 2026 totaled approximately $15.0 billion, a 5% month-over-month decline from February and 18% below March 2025 levels. Tender offer funds captured the largest share of March sales with $2.8 billion of gross inflows, while business development companies and interval funds followed with $2.7 billion and $2.5 billion, respectively. For Q1 2026, alternative investment fundraising totaled approximately $45.7 billion, down 10% from Q1 2025 and 19% from Q4 2025. “The capital rotation out of private credit is no longer emerging — it’s firmly underway,” said Kevin T. Gannon, Chairman & CEO of Stanger. “Investor demand for private credit has softened meaningfully, while real estate and infrastructure strategies continue to gain traction. This shift reflects a broader move toward hard assets, and we expect it to remain a defining theme throughout 2026.”
The above is an abbreviated version of an official Stanger press release. View the Full Press Release →
Current Reports
BDCs
AB PRIVATE LENDING FUND
4/20/2026 8-K
The Company reported its March 2026 NAV per share (table below) and disclosed the sale of unregistered Class I shares to feeder vehicle pursuant to Regulation S for total consideration of $0.26M.
March February Class I: $25.00 $25.00
The Company declared April 2026 distributions, payable on or about 5/29/26:
April March Gross Dist: $0.20 $0.20 Record Date: 4/30/26
4/22/2026 424B3
The Company disclosed that Equitable Holdings, Inc., the indirect parent of the Company’s Adviser, has entered into a merger agreement with Corebridge Financial, Inc. The transaction, expected to close by the end of 2026 subject to approvals, will be deemed an assignment and will automatically terminate the Company’s current investment advisory agreement. The Board is expected to consider a new advisory agreement, which will be submitted to shareholders for approval and, if approved, will take effect upon completion of the merger.
APOLLO DEBT SOLUTIONS BDC
4/23/2026 8-K
The Company reported its March 2026 NAV per share (table below) and disclosed the sale of unregistered Class I shares to feeder vehicle pursuant to Regulation S for total consideration of $17.7M.
March February All Classes: $23.90 $24.14
The Company declared April 2026 distributions, payable on or about 5/28/26:
April March Gross Dist: $0.1800 $0.1800 Record Date: 4/30/26
ARES STRATEGIC INCOME FUND
4/21/2026 8-K 424B3
The Company reported its March 2026 NAV per share (table below) and disclosed the sale of unregistered Class I shares pursuant to Regulation S for total consideration of $51.9M.
March February All Classes: $26.85 $26.86
The Company previously declared April 2026 distributions, payable on or about 5/21/26:
April March Gross Dist: $0.21430 $0.21430 Record Date: 4/30/26
BLACKSTONE PRIVATE CREDIT FUND
4/21/2026 8-K
The Company reported its March 2026 NAV per share (table below) and disclosed the sale of unregistered Class I shares to feeder vehicles pursuant to Regulation S for consideration of $103.6M.
March February All Classes: $24.19 $24.38
The Company declared April 2026 distributions, payable on or about 5/28/26:
April March Gross Dist: $0.2000 $0.2000 Record Date: 4/30/26
BLUE OWL CREDIT INCOME CORP.
4/23/2026 8-K
The Company reported its March 2026 NAV per share (table below) and disclosed the sale of unregistered Class I common shares to feeder vehicles pursuant to Regulation S for total consideration of $3.2M.
March February Class S: $9.08 $9.11 Class D: $9.09 $9.12 Class I: $9.11 $9.13
BLUE OWL TECHNOLOGY INCOME CORP.
4/23/2026 8-K
The Company reported its March 2026 NAV per share (table below) and disclosed the sale of unregistered Class I common shares to feeder vehicles pursuant to Regulation S for total consideration of $3.1M.
March February All Classes: $9.82 $9.97
The Company previously declared April 2026 distributions, payable on or before 5/31/26:
April March Gross Dist: $0.074775 $0.074775 Record Date: 4/30/26
FIRST EAGLE PRIVATE CREDIT FUND
4/23/2026 8-K
The Company reported its March 2026 NAV per share:
March February Common: $23.95 $23.97
The Company declared April 2026 distributions, payable on or about 5/28/26:
April March Gross Dist: $0.210 $0.210 Record Date: 4/30/26
MONROE CAPITAL ENHANCED CORPORATE LENDING FUND
4/23/2026 8-K 424B3
The Company reported its March 2026 NAV per share:
March February Class I: $25.74 $25.69
The Company declared April 2026 distributions, payable on or about 5/22/26:
April March Gross Dist: $0.20 $0.20 Record Date: 4/30/26
NAV REITs
APOLLO REALTY INCOME SOLUTIONS, INC.
4/17/2026 424B3
The Company reported its March 2026 NAV per share:
March February Class S: $21.1746 $21.1631 Class D: $21.2521 $21.2498 Class I: $21.0372 $21.0397 Class F-I: $20.9697 $20.9692 Class A-I: $21.5595 $21.5463 Class A-III: $21.5029 $21.4899 Class E: $21.6478 $21.6341 OP Class A-I: $21.5595 $21.5463 OP Class E: $21.6478 $21.6341
4/21/2026 424B3
The Company filed an updated prospectus for its offering of Class S, D, I, F-I, A-I, and A-III Shares.
BLACKSTONE REAL ESTATE INCOME TRUST, INC.
4/23/2026 8-K 424B3
The Company reported its March 2026 NAV per share (table below), reported its preliminary estimated same property NOI for the three months ended 3/31/26, highlighted by a ~3% increase YoY, and provided an updated prospectus.
March February Class I: $14.2535 $14.2364 Class S: $14.2423 $14.2252 Class S-2: $14.2423 $14.2252 Class D: $13.8928 $13.8776 Class D-2: $13.8928 $13.8776 Class T: $13.9980 $13.9820 Class T-2: $13.9980 $13.9820 Class C: $16.5542 $16.4701 Class L: $14.2703 $14.2482 OP Units: $14.2535 $14.2364
BROOKFIELD REAL ESTATE INCOME TRUST INC.
4/23/2026 8-K
The Adviser elected the issuance of unregistered Class I common shares for management fees payable in March 2026 pursuant to the advisory agreement. The Company also issued Class I and E common shares to feeder vehicles, Brookfield and its affiliates pursuant to its DRIP.
CANTOR FITZGERALD INCOME TRUST, INC.
4/17/2026 424B3
The Company reported its March 2026 NAV per share (table below) and announced it satisfied 17.0% of March 2026 repurchase requests (40.6% in February).
March February Class AX: $20.22 $20.19 Class IX: $20.22 $20.19 Class I: $20.22 $20.19 Class TX: $20.20 $20.18 Class T: $20.20 $20.18 Class D: $20.21 $20.19 Class S: $20.20 $20.18 Class I OP Units: $20.22 $20.19 Class T OP Units: $20.21 $20.19
COTTONWOOD COMMUNITIES, INC.
4/17/2026 424B3
The Company reported its March 2026 NAV per share:
March February All Classes: $11.3416 $11.3615
The Company declared April 2026 distributions, payable in May 2026:
April March Gross Dist: $0.05666667 $0.05666667 Record Date: 4/30/26
4/22/2026 8-K
The Company issued and sold shares of its 12/9/24 offering of Series 2025 preferred stock for aggregate proceeds of $1.7M.
FS CREDIT REAL ESTATE INCOME TRUST, INC.
4/23/2026 8-K
A subsidiary of the Company amended its master repurchase agreement to extend the availability period from 2/21/28 to 2/21/29.
HINES GLOBAL INCOME TRUST, INC.
4/22/2026 424B3
The Company filed an updated prospectus for its offering of Class D, I, S, and T Shares.
INVESCO REAL ESTATE INCOME TRUST INC.
4/20/2026 424B3
The Company reported its March 2026 NAV per share:
March February Class T: $26.0963 $26.0341 Class S: $26.1397 $26.1049 Class D: $26.1159 $26.0544 Class I: $26.2637 $26.2003 Class E: $28.2659 $28.1640 Class N: $27.7101 $27.6513 Class S-PR: $26.9948 $26.9787 Class K-PR: $26.9908 $26.9740
JLL INCOME PROPERTY TRUST, INC.
4/22/2026 8-K Press Release
The Company issued a press release announcing the acquisition of Whitestown Distribution Center III, a 605,000 square foot Class A industrial facility located in the Northwest submarket of Indianapolis in Whitestown, IN for a purchase price of approximately $60M.
NUVEEN GLOBAL CITIES REIT, INC.
4/22/2026 8-K
The Company declared March 2026 distributions, payable on or about 4/22/26:
March February Gross Dist: $0.06353547 $0.06248100 Record Date: 3/30/26
RREEF PROPERTY TRUST, INC.
4/17/2026 424B3
The Company reported its April 2026 redemption price per share:
April March Class A: $13.11 $13.12 Class I: $13.20 $13.22 Class T: $13.25 $13.25 Class D: $13.23 $13.24 Class M-I: $13.10 $13.11 Class T2: $13.03 $13.05 Class N: $13.11 $13.13
Private Placement REITs
BLUE OWL DIGITAL INFRASTRUCTURE TRUST
4/21/2026 8-K
The Company reported its March 2026 NAV per share (table below) and disclosed the sale of unregistered Class S, D, I, and E common shares for gross proceeds of approximately $31M.
March February Class S: $10.1789 $10.1269 Class D: $10.1791 $10.1271 Class I: $10.1792 $10.1272 Class E: $10.2702 $10.1940 Class I OP Units: $10.1792 $10.1272 Class E OP Units: $10.2702 $10.1940
The Company declared March 2026 distributions, payable on or about 4/17/26:
March February Gross Dist: $0.0375 $0.0375 Record Date: 3/31/26
BLUE OWL REAL ESTATE NET LEASE TRUST
4/20/2026 8-K
The Company reported its March 2026 NAV per share (table below) and disclosed the sale of unregistered Class I common shares for gross proceeds of approximately $30.8M.
March February Class S: $10.5692 $10.5328 Class N: $10.6571 $10.6202 Class D: $10.4312 $10.3965 Class I: $10.6443 $10.6075 OP Units: $10.6443 $10.6075
EXCHANGERIGHT INCOME FUND
4/20/2026 8-K
The Company entered into an amended and restated credit agreement with Wells Fargo Bank, securing up to $600M in initial borrowing capacity, consisting of a $200M revolving credit facility and a $400M delayed draw term loan, with the ability to expand to $1B.
FORTRESS CREDIT REALTY INCOME TRUST
4/20/2026 8-K
A subsidiary of the Company amended its revolving credit facility to extend the availability period to 10/15/27 and the maturity date to 10/15/28.
4/21/2026 8-K
The Company reported its March 2026 NAV per share:
March February Class B: $20.0252 $20.0304 Class R: $19.8789 $19.8852 Class J-1: $19.8856 $19.8917 Class J-2: $19.8697 $19.8759 Class J-4: $20.1153 $20.1115 Class S: $20.0891 $20.0897 Class I: $20.0815 $20.0875 Class E: $20.0059 $20.0107
FORTRESS NET LEASE REIT
4/21/2026 8-K
The Company reported its March 2026 NAV per share:
March February Class S: $10.4024 $10.3697 Class I: $10.4635 $10.4264 Class F-S: $10.4879 $10.4455 Class F-I: $10.5556 $10.5133 Class D-S: $10.8443 $10.7856 Class E: $10.9104 $10.8508
NORTH HAVEN NET REIT
4/17/2026 8-K
The Company disclosed the sale of unregistered Class I and F-I common shares for aggregate consideration of approximately $2.4M.
Closed-End Funds
AB CARVAL CREDIT OPPORTUNITIES FUND (INTERVAL FUND)
4/22/2026 424B3
The Company disclosed that Equitable Holdings, Inc., the indirect parent of the Company’s Adviser, has entered into a merger agreement with Corebridge Financial, Inc. The transaction, expected to close by the end of 2026 subject to approvals, will be deemed an assignment and will automatically terminate the Company’s current investment advisory agreement. The Board is expected to consider a new advisory agreement, which will be submitted to shareholders for approval and, if approved, will take effect upon completion of the merger.
ALGER NEXT GEN GROWTH FUND (INTERVAL FUND)
4/23/2026 N-2/A
Type: Interval Fund
Primary: Unlimited - Class A and Z Shares
The Company filed an amended prospectus. The fund intends to invest primarily in domestic and foreign equity securities of growth companies.
DIAMETER DYNAMIC CREDIT FUND (INTERVAL FUND)
4/17/2026 EFFECT 4/20/2026 424B3
Type: Interval Fund
Primary: Unlimited - Class A and I Shares
The Company’s new offering went effective. The fund intends to invest in performing first and second lien bank loans, secured and unsecured high yield bonds and investment grade bonds, structured credit products, and direct lending and related investments.
GOLDMAN SACHS REAL ESTATE DIVERSIFIED INCOME FUND (INTERVAL FUND)
4/23/2026 424B3
The Company announced that, effective immediately, John Papadoulias will no longer serve as a portfolio manager, and Igor Ostrowski has assumed the role of portfolio manager.
HAMILTON LANE CREDIT INCOME FUND (INTERVAL FUND)
4/21/2026 424B3
The Company filed an updated prospectus for its offering of Class R, I, Y, and S Shares.
JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND (INTERVAL FUND)
4/24/2026 424B3
The Company is reducing its management fee from 1.35% of GAV to 1.25% of NAV, effective 5/1/26.
LIBREMAX ASSET-BACKED INCOME FUND (INTERVAL FUND)
4/17/2026 EFFECT 4/20/2026 424B3
Type: Interval Fund
Primary: Unlimited - Class A, I, and L shares
The Company’s new offering went effective. The fund intends to invest in private asset-backed finance products, traded credit products, and other credit related investments that provide exposure to asset backed investments.
PRIMARK MEKETA PRIVATE EQUITY INVESTMENTS FUND (INTERVAL FUND)
4/21/2026 424B3
The Company filed an updated prospectus for its offering of Class I and II Shares.
REGAN CAPITAL ALTERNATIVE INCOME FUND (INTERVAL FUND)
4/23/2026 N-2/A
Type: Interval Fund
Primary: Unlimited - Investor and Institutional Shares
The Company filed an amended prospectus. The fund intends to invest primarily in mortgage-backed securities.
RUSSELL INVESTMENTS STRATEGIC CREDIT FUND (INTERVAL FUND)
4/21/2026 N-2/A
Type: Interval Fund
Primary: Unlimited - Class F and I Shares
The Company filed an amended prospectus. The fund intends to invest in direct lending investments and general or limited partnerships, funds, corporations, or other investment vehicles that invest in private or public loans, credit securities and other credit-related instruments.
SARDIS CREDIT OPPORTUNITIES FUND (INTERVAL FUND)
4/17/2026 424B3
The Company extended the expiration date of its temporary expense limitation agreement from 4/30/26 to 12/31/26.
T. ROWE PRICE OHA FLEXIBLE CREDIT INCOME FUND (INTERVAL FUND)
4/23/2026 424B3
The Company reported that effective 4/22/26, Adam B. Kertzner will no longer serve as CEO, trustee, or portfolio manager and Eitan Arbeter will no longer serve as trustee or portfolio manager of the Company. In connection, Alan Schrager, Glenn R. August, Victor Debenedetti, and Chris Kenny have been named as portfolio managers, while Alan M. Schrager has been appointed as a trustee and chairman of the Board and Greg Leveto has been appointed to serve as CEO.
VANECK CLO OPPORTUNITIES FUND (INTERVAL FUND)
4/17/2026 EFFECT 4/21/2026 486BPOS
Type: Interval Fund
Primary: Unlimited - Class I Shares
The Company’s new offering went effective. The fund intends to invest primarily in equity and debt tranches of CLOs rated BBB or below that own a pool of leveraged loans made to companies whose debt is rated below investment grade or, in limited circumstances, unrated.
Lifecycle REITs
PACIFIC OAK STRATEGIC OPPORTUNITY REIT, INC.
4/21/2026 8-K
A subsidiary of the Company filed financial statements as of 12/31/25 in connection to its completed offerings of Series B and D bonds since February 2020.
Other Alts
ANTARES STRATEGIC CREDIT FUND (PRIVATE PLACEMENT BDC)
4/21/2026 8-K
A subsidiary of the Company entered into a revolving credit facility for an initial total commitment amount of $700M.
BC PARTNERS LENDING CORP (PRIVATE PLACEMENT BDC)
4/22/2026 424B3
The Company filed a letter from Alternative Credit Income Fund (Interval Fund) to its shareholders inviting them to attend a special meeting to be held virtually on 7/7/26, at which shareholders will be asked to approve the previously announced proposed merger between ACIF and the Company, pursuant to which ACIF will ultimately merge with and into the Company, with the Company continuing as the surviving entity.
BRAEMAR HOTELS & RESORTS INC. (NON-TRADED PREFERRED)
4/23/2026 8-K Press Release
The Company declared and set aside April 2026 distributions:
April March Series E: $0.15625 $0.15625 Series M CUSIPs: 10482B705: $0.17917 $0.17917 10482B887: $0.17917 $0.17917 10482B796: $0.17917 $0.17917 10482B861: $0.17917 $0.17708 10482B770: $0.17708 $0.17708 10482B846: $0.17708 $0.17708 All others: $0.17708 Record Date: 4/30/26
GOLDMAN SACHS PRIVATE CREDIT CORP. (PRIVATE PLACEMENT BDC)
4/21/2026 8-K
The Company entered into a supplemental indenture related to the issuance of $750M of its 6.150% notes due 2031. The notes offering closed on 4/21/26 with net proceeds of $732.6M.
4/23/2026 8-K
A subsidiary of the Company amended its revolving credit and security agreement to increase the aggregate maximum facility amount from $1.1B to $1.5B, extend the end of the period in which the Company may make borrowings from 1/31/27 to 4/17/28, and extend the final maturity date of the facility from 2/1/28 to 4/17/29.
MIDCAP APOLLO INSTITUTIONAL PRIVATE LENDING (PRIVATE PLACEMENT BDC)
4/20/2026 8-K
The Company reported Howard Widra has notified the Board that, in connection with his previously announced retirement from Apollo Global Management, Inc., his resignation as trustee and chairman of the Board would now be effective at the close of business on 6/18/26. Mr. Widra’s decision to resign is not the result of any disagreement with the Company. In connection, the Board appointed Tanner Powell to serve as chairman of the Board and as a trustee of the Company, effective as of the close of business on 6/18/26.
NEW MOUNTAIN GUARDIAN IV INCOME FUND, L.L.C. (PRIVATE PLACEMENT BDC)
4/22/2026 8-K
The Company provided portfolio metrics as of 12/31/25.
ONEX DIRECT LENDING BDC FUND (PRIVATE PLACEMENT BDC)
4/21/2026 8-K
The Company provided a portfolio update as of 3/31/26.
REMORA CAPITAL CORP (PRIVATE PLACEMENT BDC)
4/21/2026 8-K Letter
The Company issued a shareholder letter for the fourth quarter and fiscal year ended 12/31/25.
