Volume XV No. 9 | Friday, February 27, 2026
Weekly Highlights
ALTERNATIVE CREDIT INCOME FUND (INTERVAL FUND)
2/26/2026 424B3
The Company announced it has entered into a merger agreement to merge with and into BC Partners Lending Corporation (Private Placement BDC), with BCPL continuing as the surviving company, subject to shareholder approval.
BC PARTNERS LENDING CORP (PRIVATE PLACEMENT BDC)
2/25/2026 8-K
The Company entered into a merger agreement to acquire Alternative Credit Income Fund (Interval Fund) in an all-stock, NAV-for-NAV transaction. Shortly before closing, both companies will determine their respective NAV’s, and ACIF will declare and pay one or more dividends to maintain its qualification as a RIC and avoid material income tax on undistributed income. Prior to completion of the merger, ACIF will also conduct a discretionary repurchase offer to purchase up to 15% of its outstanding common shares at a price equal to the applicable class NAV per share.
JOHN HANCOCK MARATHON ASSET-BASED LENDING FUND (TENDER OFFER FUND)
2/25/2026 424B3
The Company announced it anticipates completing its previously disclosed conversion from a tender offer fund to an interval fund as of the close of business on or about 4/24/26, subject to shareholder approval. The first subscriptions as an interval fund are expected to be accepted on or about 4/27/26, at the Company’s NAV on that date, while no subscriptions submitted beginning 4/1/26 through 4/24/26 will be accepted. Effective immediately, the Company will stop accepting orders from all investors to purchase Class S and D shares and will eliminate the 2.00% early repurchase fee for shares repurchased prior to the one-year anniversary of purchase.
Press Room
Investment in Alternative Assets Totals $14.1 Billion in January 2026; Non-Traded BDCs Show Parallels to REIT Downturn in 2022-2023 (2/26/2026)
Stanger has published its January 2026 issue of The Stanger Market Pulse. Alternative Investment fundraising for January 2026 totaled approximately $14.1 billion, a 27% drop from December 2025. Business development companies led early-year fundraising with $3.2 billion, narrowly surpassing interval funds at $3.1 billion, while tender offer funds followed at $2.6 billion. After publicly registered and private placement BDCs saw a year-end slowdown in monthly fundraising and increased investor demand for redemptions, their sales began 2026 down nearly 40% as compared to December 2025 and down just under 49% from their all-time monthly high of $6.2 billion raised in March 2025. According to Kevin T. Gannon, Chairman and CEO of Stanger, “Despite a record-breaking $63 billion of BDC capital formation in 2025, we saw signs of a new market dynamic taking shape in Q4 – monthly sales slowed, redemptions accelerated, and total returns began to soften. January data suggests this trend has continued into the new year, as the BDC sector seemingly begins to navigate a familiar path seen in non-traded REITs during the 2022-2023 downturn. Just as we saw money flow away from REITs and into BDCs previously, Stanger believes alternatives are beginning to enter a hairpin turn with capital shifting away from private credit. We are now forecasting an approximately 40% year-over-year decline in BDC capital formation for 2026 similar to the 65% year-over-year dip experienced by REITs from 2022 to 2023.”
The above is an abbreviated version of an official Stanger press release. View the Full Press Release →
Current Reports
BDCs
AB PRIVATE LENDING FUND
2/20/2026 8-K
The Company reported its January 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 $3.2M.
January December Class I: $25.14 $25.20
The Company declared February 2026 distributions, payable on or about 3/31/26:
February January Gross Dist: $0.20 $0.20 Record Date: 2/27/26
APOLLO DEBT SOLUTIONS BDC
2/23/2026 8-K
The Company reported its January 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 $49.5M.
January December All Classes: $24.34 $24.40
The Company declared February 2026 distributions, payable on or about 3/26/26:
February January Gross Dist: $0.1800 $0.1800 Record Date: 2/27/26
BLACKROCK PRIVATE CREDIT FUND
2/25/2026 8-K
The Company reported its January 2026 NAV per share (table below) and disclosed the sale of unregistered Institutional common shares to feeder vehicles pursuant to Regulation S for total consideration of $37.5M.
January December All Classes: $23.90 $23.95
The Company declared February 2026 distributions payable on 3/27/26:
February January Gross Dist: $0.1951 $0.1956 Record Date: 2/26/26
BLUE OWL CAPITAL CORP II
2/26/2026 8-K
The Company updated its DRIP price:
February January Common: $8.19 $8.26
BLUE OWL CREDIT INCOME CORP.
2/27/2026 8-K
The Company reported its January 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 $31M.
January December Class S: $9.25 $9.32 Class D: $9.26 $9.33 Class I: $9.28 $9.34
The Company declared February, March, and April 2026 distributions, payable on or before 3/31/26, 4/30/26, 5/31/26, respectively:
Feb’26, Mar’26, Apr’26 Nov’25, Dec’25, Jan’26 Gross Dist: $0.0701 $0.0701 Record Dates: 2/27/26, 3/31/26, 4/30/26
BLUE OWL TECHNOLOGY INCOME CORP.
2/27/2026 8-K
The Company reported its January 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 $22.8M.
January December All Classes: $10.27 $10.38
The Company declared February, March, and April 2026 distributions, payable on or before 3/31/26, 4/30/26, and 5/31/26, respectively:
Feb, Mar, Apr January Gross Dist: $0.074775 $0.074775 Record Dates: 2/27/26, 3/31/26, 4/30/26
CRESCENT PRIVATE CREDIT INCOME CORP
2/25/2026 8-K 424B3
The Company reported its January 2026 NAV per share:
January December All Classes: $26.90 $27.06
The Company declared February 2026 distributions, payable on or about 3/30/26:
February January Gross Dist: $0.1650 $0.1600 Special Dist: n/a $0.0400 Record Date: 2/28/26
FIDELITY PRIVATE CREDIT FUND
2/20/2026 8-K Quarterly Report
The Company issued an investment strategy quarterly report for Q4 2025.
FIRST EAGLE PRIVATE CREDIT FUND
2/23/2026 8-K
The Company reported its January 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 $7,360.
January December Common: $24.09 $24.23
The Company declared February 2026 distributions, payable on or about 3/30/26:
February January Gross Dist: $0.210 $0.210 Record Date: 2/27/26
GOLUB CAPITAL PRIVATE CREDIT FUND
2/20/2026 424B3
The Company amended the “Management of the Fund” section of its prospectus and attached its Q4 2025 quarterly report.
2/24/2026 8-K
The Company reported its January 2026 NAV per share:
January December All Classes: $25.04 $25.15
The Company declared previously reported February 2026 distributions, payable on or about 3/30/26:
February January Gross Dist: $0.1875 $0.1875 Record Date: 2/28/26
HPS CORPORATE LENDING FUND
2/20/2026 8-K
The Company priced its $748.3M term debt securitization that is expected to close on or about 3/26/26.
2/24/2026 8-K Presentation
The Company filed a presentation that was posted on its website providing certain information regarding the Company.
JOHN HANCOCK COMVEST PRIVATE INCOME FUND
2/23/2026 8-K
The Company held a special meeting of shareholders where voters approved its amended and restated investment management agreement and declaration of trust.
2/24/2026 424B3
The Company filed an updated prospectus for its offering of Class D, F, I, and S shares.
MONROE CAPITAL ENHANCED CORPORATE LENDING FUND
2/20/2026 8-K 424B3
The Company reported its January 2026 NAV per share (table below), amended its declaration of trust, and amended its bylaws.
January December Class I: $25.65 $25.66
The Company declared February 2026 distributions, payable on or about 3/24/26.
February January Gross Dist: $0.18 $0.20 Record Date: 2/27/26
OAKTREE STRATEGIC CREDIT FUND
2/25/2026 8-K
The Company reported its January 2026 NAV per share:
January December All Classes: $22.87 $22.93
The Company declared February 2026 distributions, payable on or about 3/27/26:
February January Gross Dist: $0.1800 $0.1800 Record Date: 2/25/26
PGIM PRIVATE CREDIT FUND
2/20/2026 424B3
The Company amended the “Suitability Standards” section of its prospectus and updated its subscription agreement.
2/24/2026 8-K
The Company reported its January 2026 NAV per share:
January December Class S: $25.40 $25.42 Class D: $25.34 $25.36 Class I: $24.85 $24.87
The Company declared February 2026 distributions, payable on or about 3/24/26:
February January Gross Dist: $0.21243 $0.21243 Record Date: 2/27/26
PROSPECT FLOATING RATE & ALTERNATIVE INCOME FUND, INC.
2/26/2026 8-K
The Company declared February, March, and April 2026 distributions, payable on 3/6/26, 4/3/26, and 5/1/26, respectively:
Feb, Mar, Apr January Gross Dist: $0.02916 $0.03970 Record Dates: 2/27/26, 3/27/26, 4/24/26
T. ROWE PRICE OHA SELECT PRIVATE CREDIT FUND
2/25/2026 8-K
The Company announced the resignation of Thomas Hansen from his position as interim CFO, effective as of the close of business on 2/24/26. Mr. Hansen’s resignation is not a result of any disagreement with the Company. In connection, the Company appointed Amaka Dike as CFO. Additionally, the Company announced the appointment of Andrew Winer as President.
TPG TWIN BROOK CAPITAL INCOME FUND
2/26/2026 8-K
The Company reported its January 2026 NAV per share:
January December All Classes: $25.2056 $25.1945
The Company declared February 2026 distributions, payable on or about 3/27/26:
February January Gross Dist: $0.2000 $0.2000 Record Date: 2/27/26
NAV REITs
BROOKFIELD REAL ESTATE INCOME TRUST INC.
2/24/2026 8-K
The adviser elected the issuance of unregistered Class I common shares for management fees payable in January 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 and private offering.
2/26/2026 8-K
The Company declared February 2026 distributions, payable on or about 3/20/26:
February January Gross Dist: $0.0720 $0.0718 Record Date: 2/26/26
COHEN & STEERS INCOME OPPORTUNITIES REIT, INC.
2/26/2026 8-K
The Company declared February 2026 distributions, payable on or about 3/23/26:
February January Gross Dist: $0.0435 $0.0435 Record Date: 2/28/26
IPC ALTERNATIVE REAL ESTATE INCOME TRUST, INC.
2/26/2026 8-K
The Company declared February 2026 distributions, payable on or about 3/4/26:
February January Gross Dist: $0.1042 $0.1042 Record Date: 2/28/26
NUVEEN GLOBAL CITIES REIT, INC.
2/20/2026 8-K
The Company declared January 2026 distributions, payable on or about 2/20/26:
January December Gross Dist: $0.06357481 $0.06458722 Record Date: 1/30/26
Private Placement REITs
EXCHANGERIGHT INCOME FUND
2/20/2026 8-K
The Company declared January 2026 distributions, payable on or about 2/13/26:
January December Gross Dist: $0.1449 $0.1449 Record Date: 1/31/26
NORTH HAVEN NET REIT
2/20/2026 8-K
The Company disclosed the sale of unregistered Class I and F-I common shares for aggregate consideration of approximately $4.7M.
2/27/2026 8-K
The Company declared February 2026 distributions, payable on or about 3/20/26:
February January Gross Dist: $0.1154 $0.1153 Record Date: 2/27/26
Closed-End Funds
ALIGN ALTERNATIVE ACCESS FUND (TENDER OFFER FUND)
2/23/2026 424B3
The Board approved Foreside Financial Services as the principal underwriter of the Company and approved the corresponding distribution agreement.
AOG INSTITUTIONAL FUND (INTERVAL FUND)
2/23/2026 424B3
The Company updated its telephone number.
ARES PRIVATE MARKETS FUND (TENDER OFFER FUND)
2/25/2026 424B3
The Company announced that Tina St. Pierre resigned from her roles as CFO, Principal Accounting Officer and Treasurer, and Christina Oh resigned from her role as Assistant Treasurer, each effective 2/25/26. In connection, Christina Oh was appointed CFO, Principal Financial Officer and Treasurer, and Tina St. Pierre was appointed Chief Operating Officer.
COLLER PRIVATE CREDIT SECONDARIES (TENDER OFFER FUND)
2/26/2026 424B3
The Company announced that, in connection with the previously disclosed acquisition of Coller Capital by EQT AB expected to close in Q3 2026, the Board approved a new advisory agreement to replace the current agreement upon closing, subject to shareholder approval. The new agreement is substantially identical in terms and fees to the current agreement. Additionally, Helen Lamb resigned as a Trustee.
Lifecycle REITs
INPOINT COMMERCIAL REAL ESTATE INCOME, INC.
2/26/2026 8-K
The Company declared February 2026 distributions, payable on or about 3/18/26:
February January Gross Dist: $0.1042 $0.1042 Record Date: 2/28/26
STRATEGIC STORAGE TRUST VI, INC.
2/26/2026 8-K Press Release
The Company issued a press release announcing the opening of a 90,300 square foot self storage facility located in Etobicoke, Ontario, Canada.
Other Alts
ASHFORD HOSPITALITY TRUST INC (NON-TRADED PREFERRED)
2/25/2026 8-K Press Release 424B3
The Company issued a press release announcing its financial results for Q4 2025 and reported its preferred liquidation value per share of its Series L and Series M preferred stock as $25 per share.
2/26/2026 8-K
The Company held an earnings call for Q4 2025.
BRAEMAR HOTELS & RESORTS INC. (NON-TRADED PREFERRED)
2/23/2026 8-K Press Release
The Company declared February 2026 distributions:
February January 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: $0.17708 $0.17708 10482B770: $0.17708 $0.17708 10482B846: $0.17708 $0.17708 All others: $0.17708 Record Date: 2/27/26
CARLYLE CREDIT SOLUTIONS, INC. (PRIVATE PLACEMENT BDC)
2/23/2026 8-K
The Company announced the resignation of Justin Plouffe from the Board and his roles as President and CEO, effective immediately, following his appointment as CFO of The Carlyle Group Inc., the parent company of the Adviser, effective 1/1/26. In connection, the Board appointed Alex Chi as a Class II Director and CEO and appointed Thomas Hennigan as President, each effective immediately. Additionally, Nelson Joseph resigned as Treasurer of the Company and Frank Taylor was appointed Treasurer, effective immediately.
CNL STRATEGIC CAPITAL, LLC (NON-TRADED PREFERRED)
2/23/2026 8-K 424B3
The Company reported its January 2026 NAV per share (table below) and announced that a subsidiary of the Company has amended its loan and security agreement with Valley National Bank to extend the maturity date of the line of credit to 5/15/26.
January December Class FA: $43.08 $42.98 Class A: $38.28 $38.21 Class T: $38.20 $38.15 Class D: $38.00 $37.94 Class I: $38.70 $38.64 Class S: $43.59 $43.48
The Company declared March 2026 distributions, payable on 3/27/26:
March February Gross Dist: $0.104167 $0.104167 Record Date: 3/26/26
GOLDMAN SACHS PRIVATE CREDIT CORP. (PRIVATE PLACEMENT BDC)
2/23/2026 8-K
The Company issued $400M of its 5.875% Notes due 2031 and entered into a supplemental indenture related to the issuance of $700M of its 5.050% notes due 2028. The notes offering closed on 2/23/26 with net proceeds of $1.1B.
2/26/2026 8-K Letter
The Company provided a letter to investors regarding the Company’s investment portfolio.
OHA SENIOR PRIVATE LENDING FUND (U) LLC (PRIVATE PLACEMENT BDC)
2/25/2026 8-K
The Company announced the resignation of Thomas Hansen from his position as interim CFO, effective as of the close of business on 2/24/26. Mr. Hansen’s resignation is not a result of any disagreement with the Company. In connection, the Company appointed Amaka Dike as CFO. Additionally, the Company announced the appointment of Andrew Winer as President.
SIXTH STREET LENDING PARTNERS (PRIVATE PLACEMENT BDC)
2/23/2026 8-K
The Company announced the resignation of Joshua Easterly from his position as Chairman of the Board, effective 5/21/26. Mr. Easterly’s decision to resign as a Trustee is not the result of any disagreement with the Company. In connection, the Board intends to appoint a successor Chairman on or about 5/21/26.
Registrations
599 FUND LLC
2/23/2026 N-2
Type: Tender Offer Fund
Primary: Unlimited - Common Units
The fund intends to invest in first lien senior secured debt and unitranche debt, second lien senior secured debt and unsecured debt, including mezzanine debt, preferred equity, primary or secondary investments in private funds managed by third party asset managers, and certain equity co-investments.
ARISTOTLE PACIFIC ENHANCED CLO INCOME FUND
2/20/2026 N-2/A
Type: Interval Fund - IPO
Primary: Unlimited - Class I and I-2 Shares
The Company intends to primarily invest in CLOs, including senior and mezzanine tranches, unrated subordinated tranches, and CLO warehousing facilities.
CAPITAL GROUP KKR U.S. EQUITY (PLUS)
2/20/2026 EFFECT N-2/A
Type: Interval Fund - IPO
Primary: Unlimited - Class A, A-2, A-3, F-2, F-3, and R-6 Shares
The fund intends to invest in both publicly traded and private equity securities.
MORGAN STANLEY PRIVATE MARKETS & ALTERNATIVES FUND
2/20/2026 N-2/A
Type: Tender Offer Fund
Primary: Unlimited - Class A and I Shares
The fund intends to invest in portfolio funds across private market asset classes including private equity, private credit, and real assets.
STEPSTONE PRIVATE VENTURE & GROWTH FUND
2/26/2026 N-2
Type: Tender Offer Fund
Primary: Unlimited - Class D, I, and S Shares
The fund invests in a venture capital and growth equity investment portfolio made up of a range of sectors, including enterprise information technology, technology-enabled products and services, consumer internet, healthcare, branded consumer/consumer packaged goods, and other sectors benefiting from attractive secular trends.
WVB BLACKSTONE ALL PRIVATES FUND
2/26/2026 N-2/A
Type: Tender Offer Fund
Primary: Unlimited - Class A, I, and M Shares
The fund intends to invest primarily in pooled investment vehicles sponsored by affiliates of Blackstone Inc. directly or indirectly, and other investments that provide exposure to a broad range of asset classes and geographies in private markets.
