Volume XV No. 7 | Friday, February 13, 2026
Weekly Highlights
CARLYLE CREDIT SOLUTIONS, INC. (PRIVATE PLACEMENT BDC)
2/13/2026 8-K
The Company announced the formation of Structured Credit Partners JV, LLC, a joint venture with Carlyle Secured Lending, Inc. (NASDAQ: CGBD), Sixth Street Specialty Lending, Inc. (NYSE: TSLX), and Sixth Street Lending Partners focused on investing in broadly syndicated first lien senior secured loans, financed with long-term, non-mark-to-market, and predominantly investment grade rated CLO debt. The joint venture will be initially capitalized with $600M of equity capital commitments ($150M from Carlyle Secured Lending; $150M from Carlyle Credit Solutions; $200M from Sixth Street Specialty Lending; $100M from Sixth Street Lending Partners).
GOLDMAN SACHS REAL ESTATE FINANCE TRUST INC (PRIVATE PLACEMENT REIT)
2/6/2026 8-K
The Company amended its Charter to increase the number of authorized shares of capital stock, including increasing authorized non-voting common stock to 110,000,000 shares, of which 10,000,000 shares are designated as Series NV-1 and 100,000,000 shares are designated as Series NV-2, and reclassifying the issued and outstanding non-voting common stock as Series NV-1. The Company may convert Class NV-2 shares into Class I shares at an equivalent NAV, subject to a 4.99% ownership cap across the Company’s Class I, D, S, and T common stock.
HPS NET LEASE INCOME REIT (PRIVATE PLACEMENT REIT)
2/10/2026 10-12G
Type: Private Placement REIT
Primary: Unlimited - Class D, E, F-I, F-S, I, and S Shares
The fund intends to invest in a diversified portfolio of stabilized, income producing industrial properties with long term net leases primarily throughout the United States.
PGIM PRIVATE REAL ESTATE FUND, INC. (NAV REIT)
2/6/2026 424B3
The Board approved the Company’s conversion to an interval fund, which is expected to occur on or about 4/30/26. In connection, the Company will change its name to PGIM Real Estate Fund Inc. and amend its 80% investment policy.
Current Reports
BDCs
APOLLO DEBT SOLUTIONS BDC
2/11/2026 8-K
A subsidiary of the Company amended its loan and security agreement to increase the maximum facility amount from $500M to $1B and increase the minimum equity amount from $175M to $300M.
ARES STRATEGIC INCOME FUND
2/11/2026 8-K 424B3
The Company amended its loan and servicing agreement to increase total commitments under the facility from $1.825B to $2.325B.
BLACKSTONE PRIVATE CREDIT FUND
2/11/2026 8-K Presentation
The Company provided a presentation regarding certain information for its shareholders.
GOLUB CAPITAL PRIVATE CREDIT FUND
2/6/2026 8-K
The Company appointed Timothy J. Topicz and Paul Solini to their respective positions as Chief Operating Officer and Chief Accounting Officer of the Company.
OAKTREE STRATEGIC CREDIT FUND
2/11/2026 8-K Letter
The Company provided a letter to certain financial advisors regarding its portfolio.
PROSPECT CAPITAL CORP
2/9/2026 8-K Press Release
The Company declared March, April, and May 2026 distributions for its non-listed preferreds (table below), payable on 4/1/26, 5/1/26, and 6/1/26, respectively and announced its financial results for Q4 2025.
Mar, Apr, May Dec, Jan, Feb Floating Rate Pref: $0.135417 $0.135417 7.50% Pref: $0.156250 $0.156250 5.50% Pref: $0.114583 $0.114583 6.50% Pref: $0.135417 $0.135417 Record Dates: 3/18/26, 4/21/26, 5/20/26
Feb - Apr Nov - Jan 5.35% Pref: $0.334375 $0.334375 Record Date: 4/21/26
2/11/2026 8-K
The Company amended its dealer manager agreement to increase the maximum aggregate liquidation preference of its preferred stock offering from $2.25B to approximately $2.65B. The offering now covers up to 105,858,302 shares, each with a $25 per share liquidation preference. In connection, the Company discontinued several previously offered 5.50%, 6.50%, and floating-rate series but may continue offering its 7.50% Series A5 and M5 preferred stock, as well as any future series, subject to the overall share cap.
T. ROWE PRICE OHA SELECT PRIVATE CREDIT FUND
2/9/2026 8-K
The Company issued a review of its 2025 performance.
NAV REITs
CANTOR FITZGERALD INCOME TRUST, INC.
2/6/2026 8-K
The Company declared January 2026 distributions payable on or about 2/9/26:
January December Gross Dist: $0.08536 $0.08378 Record Date: 1/31/26
COHEN & STEERS INCOME OPPORTUNITIES REIT, INC.
2/12/2026 424B3
The Company reported its January 2026 NAV per share:
January December Class I: $11.21 $11.18 Class F-I: $11.03 $11.01 Class P: $11.51 $11.47 Class B: $11.24 n/a Class R-I: $11.24 n/a
EQT EXETER REAL ESTATE INCOME TRUST, INC.
2/6/2026 8-K
The Company disclosed the issuance of common shares pursuant to DRIP and common shares in a private placement for an aggregate purchase price of $2.18M.
2/12/2026 424B3
The Company reported its January 2026 NAV per share:
January December Class I: $10.90 $10.87 Class A-I: $10.77 $10.73 Class A-II: $10.74 $10.70 Class E: $11.59 $11.53 Class T: $10.89 $10.86
FS CREDIT REAL ESTATE INCOME TRUST, INC.
2/12/2026 8-K 424B3
The Company reported its January 2026 NAV per share (table below) and issued a CLO through a subsidiary that issued 6 classes of offered notes and 3 classes of non-offered notes that will mature in January 2044.
January December Class S: $24.8394 $24.8478 Class T: $24.5813 $24.5916 Class D: $24.6358 $24.6437 Class M: $24.7035 $24.7109 Class I: $23.9221 $23.9307 Class F: $25.1936 $25.1960 Class Y: $23.9072 $23.9138
HINES GLOBAL INCOME TRUST, INC.
2/12/2026 8-K 424B3
The Company reported its January 2026 NAV per share:
January December All Classes: $9.82 $9.82
The Company declared February 2026 distributions, payable on 3/2/26:
February January Gross Dist: $0.052 $0.052 Record Date: 2/27/26
INVESCO REAL ESTATE INCOME TRUST INC.
2/12/2026 8-K 424B3
The Company reported its January 2026 NAV per share:
January December Class T: $25.9972 $26.0583 Class S: $26.0676 $26.1285 Class D: $26.0158 $25.0768 Class I: $26.1626 $26.2231 Class E: $28.0915 $28.1231 Class N: $27.5875 $27.6205 Class S-PR: $26.9373 $26.9953 Class K-PR: $26.9378 $26.9959
IPC ALTERNATIVE REAL ESTATE INCOME TRUST, INC.
2/12/2026 424B3
The Company reported its January 2026 NAV per share:
January December Class T: $23.1290 $23.1533 Class D: $23.0736 $23.0984 Class I: $23.0635 $23.0883 Class A: $23.2764 $23.2873 Class X-1: $23.1788 $23.1998
J.P. MORGAN REAL ESTATE INCOME TRUST, INC.
2/12/2026 424B3
The Company reported its January 2026 NAV per share:
January December Class D: $10.53 $10.56 Class I: $10.58 $10.61 Class E: $11.40 $11.42 Class Y: $11.22 $11.24 OP Units: $11.40 $11.42
NUVEEN GLOBAL CITIES REIT, INC.
2/12/2026 424B3
The Company reported its January 2026 NAV per share:
January December Class T: $11.30 $11.29 Class S: $11.16 $11.15 Class D: $11.32 $11.32 Class I: $11.28 $11.28 Class N: $11.75 $11.74
STARWOOD REAL ESTATE INCOME TRUST, INC.
2/12/2026 424B3
The Company reported its January 2026 NAV per share (table below) and satisfied approximately 3.5% of January 2026 repurchase requests (4% in December).
January December Class S: $20.02 $20.14 Class T: $20.03 $20.15 Class D: $19.61 $19.72 Class I: $19.85 $19.96 OP Units: $19.85 $19.97
Private Placement REITs
ARES REAL ESTATE INCOME TRUST INC.
2/6/2026 8-K
The Company disclosed the sale of unregistered Class I-PR and S-PR shares for gross proceeds of approximately $17.7M.
FORTRESS CREDIT REALTY INCOME TRUST
2/6/2026 8-K
The Company declared January 2026 distributions (table below), payable on or about 2/3/26, and disclosed the sale of unregistered common shares for gross proceeds of $11.8M.
January December Gross Dist: $0.1547 $0.1549 Record Date: 1/30/26
FORTRESS NET LEASE REIT
2/6/2026 8-K
The Company declared January 2026 distributions (table below), payable on or about 2/3/26, and disclosed the sale of unregistered common shares for gross proceeds of $41.6M.
January December Gross Dist: $0.0712 $0.0709 Record Date: 1/30/26
FRANKLIN BSP REAL ESTATE DEBT, INC.
2/6/2026 8-K
The Company disclosed the sale of unregistered Class G, G-D, G-S, E, and I common stock for aggregate consideration of $11.1M.
GOLDMAN SACHS REAL ESTATE FINANCE TRUST INC
2/6/2026 8-K
The Company declared January 2026 distributions (table below), payable on or about 2/10/26, and disclosed the sale of unregistered Class I and S common shares for gross proceeds of $10.6M.
January December Gross Dist: $0.1660 $0.1660 Record Date: 1/31/26
INVESCO COMMERCIAL REAL ESTATE FINANCE TRUST, INC.
2/6/2026 8-K
The Company disclosed the sale of unregistered shares of common stock at November and December NAV per share plus upfront selling commissions for aggregate consideration of $40.6M and $40.9M, respectively, and issued common shares under its distribution reinvestment plan. Price per share as follows:
December November October Class S-1: $25.0342 $25.0322 $25.0709 Class I: $24.9979 $24.9959 $25.0350 Class S: $24.9275 $24.9279 $24.9666 Class D-1: $24.9061 n/a n/a
2/12/2026 8-K
The Company reported its January 2026 NAV per share:
January December Class S-1: $25.0017 $25.0342 Class I: $24.9650 $24.9979 Class S: $24.8944 $24.9275 Class E: $25.7799 $25.7712 Class D: $24.8730 $24.9061 Class F: $25.9090 $25.9043
PRINCIPAL CREDIT REAL ESTATE INCOME TRUST
2/6/2026 8-K
The Company disclosed the sale of Class I and F-I shares in connection with their private offering for an aggregate purchase price of $0.7M.
RITHM PERPETUAL LIFE RESIDENTIAL TRUST
2/13/2026 8-K
The Company reported its January 2026 NAV per share:
January December Class J: $20.1776 $20.1700 Class E: $20.2013 $20.1900
Closed-End Funds
APOLLO S3 PRIVATE MARKETS FUND (TENDER OFFER FUND)
2/12/2026 424B3
The Company increased the size of the board from five to six members in connection with the appointment of Sheryl Schwartz.
CALAMOS AKSIA PRIVATE EQUITY & ALTERNATIVES FUND (INTERVAL FUND)
2/11/2026 424B3
The Company announced that effective 3/31/26, Thomas Martin will cease serving as a portfolio manager to the Company.
CALLODINE SPECIALTY INCOME FUND (INTERVAL FUND)
2/6/2026 424B3
The Company eliminated its early repurchase fee, and announced the Adviser has agreed to continue waiving its management fee through 8/18/26.
CATALYST/PERINI STRATEGIC INCOME FUND (INTERVAL FUND)
2/6/2026 424B3
The Company filed an updated prospectus for its offering of Common shares.
EMERY PARTNERS INCOME CREDIT STRATEGIES FUND (TENDER OFFER FUND)
2/10/2026 424B3
The Company filed an updated prospectus for its offering of Common shares.
HARBOURVEST PRIVATE INVESTMENTS FUND (TENDER OFFER FUND)
2/6/2026 424B3
The Company filed an updated prospectus for its offering of Class A, D, and I shares.
JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND (TENDER OFFER FUND)
2/10/2026 424B3
The Company announced it will hold a special meeting of shareholders on 3/19/26, to approve its previously announced conversion to an interval fund. Subject to shareholder approval, the conversion is expected to become effective on or about 4/24/26.
PRINCIPAL PRIVATE CREDIT FUND (INTERVAL FUND)
2/9/2026 424B3
The Company amended the “Principal Investment Strategies” and “Principal Risks” sections of its prospectus to add language stating that the Company intends to hold a portion of its investments through a joint venture.
Lifecycle REITs
CIM REAL ESTATE FINANCE TRUST, INC.
2/12/2026 8-K
A subsidiary of the Company amended its loan and security agreement to extend the scheduled revolving period end date from 2/10/26 to 2/6/29 and extend the termination date.
Other Alts
AB PRIVATE CREDIT INVESTORS CORP (PRIVATE PLACEMENT BDC)
2/10/2026 8-K
The Company amended its advisory agreement to reduce its base management fee from 1.375% to 1.25% of outstanding assets, lower the income-based incentive fee above the hurdle from 20% to 17.5%, and reduce the capital gains fee from 20% to 17.5%. These reduced fee rates were made effective retroactively for the period from 1/1/26 through 2/10/26.
BARINGS PRIVATE CREDIT CORP (PRIVATE PLACEMENT BDC)
2/6/2026 8-K
The Company entered into a supplemental indenture related to the issuance of $350M of its 5.750% notes due 2029. The notes offering closed on 2/6/26 with net proceeds of $344.2M.
GOLUB CAPITAL BDC 4, INC. (PRIVATE PLACEMENT BDC)
2/6/2026 8-K Presentation 8-K
The Company provided an earnings presentation to its shareholders of record as of 12/31/25 and appointed Timothy J. Topicz and Paul Solini to their respective positions as Chief Operating Officer and Chief Accounting Officer of the Company.
GOLUB CAPITAL DIRECT LENDING CORP (PRIVATE PLACEMENT BDC)
2/6/2026 8-K
The Company appointed Timothy J. Topicz and Paul Solini to their respective positions as Chief Operating Officer and Chief Accounting Officer of the Company.
2/10/2026 8-K Presentation
The Company provided an earnings presentation to its shareholders of record as of 12/31/25.
GOLUB CAPITAL PRIVATE INCOME FUND I (PRIVATE PLACEMENT BDC)
2/6/2026 8-K
The Company appointed Timothy J. Topicz and Paul Solini to their respective positions as Chief Operating Officer and Chief Accounting Officer of the Company.
GOLUB CAPITAL PRIVATE INCOME FUND S (PRIVATE PLACEMENT BDC)
2/6/2026 8-K
The Company appointed Timothy J. Topicz and Paul Solini to their respective positions as Chief Operating Officer and Chief Accounting Officer of the Company.
Registrations
FRANKLIN INFRASTRUCTURE SOLUTIONS FUND
2/12/2026 N-2
Type: Tender Offer Fund
Primary: Unlimited - Classes TBD
The fund intends to invest in a range of infrastructure-related assets, including debt and equity interests through direct investments and co-investments in specific infrastructure assets and as well as through acquiring primary funds and secondary funds that invest primarily in infrastructure assets.
MANULIFE GA TRUST
2/12/2026 N-2
Type: Tender Offer Fund
Primary: Unlimited - Common Shares
The fund intends to invest primarily in senior loans including first and second lien term loans, delayed draw term loans, and revolving credit facilities.
OAKTREE STRATEGIC CREDIT FUND
2/5/2026 EFFECT 2/6/2026 424B3
Type: BDC - Notes exchange
Primary: $400M aggregate principal amount
The fund is offering to exchange all of its outstanding and unregistered 6.190% Notes due 2030 for an equal amount of its new Notes that have been registered.
