Volume XV No. 4 | Friday, January 23, 2026
Weekly Highlights
DIAMOND HILL SECURITIZED CREDIT FUND (INTERVAL FUND)
1/16/2026 424B3
The Company announced that Diamond Hill, the adviser’s parent company, has entered into an agreement and plan of merger with First Eagle, under which Diamond Hill will become a wholly-owned subsidiary of First Eagle. The transaction is expected to be completed by Q3 2026.
KKR ASSET-BASED FINANCE FUND (INTERVAL FUND)
1/21/2026 424B3
The Company announced its intention to implement a bonus share program pursuant to which eligible investors will receive additional shares at no extra cost in connection with share purchases, with such bonus shares being provided by the Adviser or its affiliates and having the same rights as other shares of the same class. The program will apply to certain existing shareholders and to new investors making qualifying purchases beginning on or about 4/1/26, and will remain in effect until the earlier of $500M in aggregate purchase orders following program commencement or six months thereafter, subject to a three-year clawback period and the Adviser’s ability to modify, suspend, or terminate the program at its discretion.
Current Reports
BDCs
AB PRIVATE LENDING FUND
1/22/2026 8-K
The Company reported its December 2025 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 $2.4M.
December November Class I: $25.20 $25.27
The Company declared January 2026 distributions, payable on or about 2/27/26:
January December Gross Dist: $0.20 $0.18 Record Date: 1/30/26
APOLLO DEBT SOLUTIONS BDC
1/16/2026 424B3
The Company amended its prospectus to include the previously disclosed issuance of $750M of its 5.700% notes due 2031.
ARES STRATEGIC INCOME FUND
1/21/2026 8-K 424B3
The Company reported its December 2025 NAV per share (table below), disclosed the sale of unregistered Class I shares pursuant to Regulation S for total consideration of $110.2M, and amended the suitability standards section of its prospectus with regards to Alabama investors.
December November All Classes: $27.48 $27.47
The Company previously declared January 2026 distributions, payable on or about 2/23/26:
January December Gross Dist: $0.21430 $0.21430 Record Date: 1/30/26
1/22/2026 8-K 424B3
The Company priced a $700M private placement offering of its 5.55% notes due 2031, which will mature on 4/15/31. The offering is expected to close on 1/29/26.
BLACKSTONE PRIVATE CREDIT FUND
1/23/2026 8-K
The Company reported its December 2025 NAV per share (table below) and disclosed the sale of unregistered Class I shares to feeder vehicles pursuant to Regulation S for consideration of $251.9M.
December November All Classes: $24.79 $24.87
The Company declared January 2026 distributions, payable on or about 2/26/26:
January December Gross Dist: $0.2000 $0.2000 Record Date: 1/31/26
GOLUB CAPITAL PRIVATE CREDIT FUND
1/21/2026 8-K 8-K
The Company reported its December 2025 NAV per share (table below) and announced a subsidiary of the Company completed a $400.2M term debt securitization.
December November All Classes: $25.15 $25.15
The Company declared previously reported January 2026 distributions, payable on or about 2/26/26:
January December Gross Dist: $0.1875 $0.1875 Record Date: 1/31/26
HPS CORPORATE LENDING FUND
1/21/2026 8-K
The Company amended its credit agreement to extend the reinvestment period to 1/20/29, extend the final maturity date to 1/20/31, and reduce the applicable margin to 1.85% per annum.
JOHN HANCOCK COMVEST PRIVATE INCOME FUND
1/16/2026 8-K
The Company amended its bylaws to modify the quorum and minimum voting requirements as well as certain indemnification provisions.
MONROE CAPITAL ENHANCED CORPORATE LENDING FUND
1/22/2026 8-K 424B3
The Company reported its December 2025 NAV per share (table below), appointed Ronald A. Holinsky as Chief Compliance Officer, Chief Legal Officer and Corporate Secretary of the Company, updated the suitability standards section of its prospectus, and announced the Company has received an updated form of co-investment exemptive relief from the SEC.
December November Class I: $25.66 $25.41
The Company declared January 2026 distributions, payable on or about 2/24/26.
January December Gross Dist: $0.20 $0.28 Record Date: 1/30/26
NEXPOINT CAPITAL, INC.
1/16/2026 8-K
The Company reported its new NAV per share:
12/31/25 12/16/25 All Classes: $4.60 $4.75
The Company declared Q4 2025 distributions, payable on or about 1/23/26:
Q4 2025 Q3 2025 Gross Dist: $0.09 $0.09 Record Date: 12/31/25
NAV REITs
APOLLO REALTY INCOME SOLUTIONS, INC.
1/20/2026 424B3
The Company reported its December 2025 NAV per share:
December November Class S: $21.1616 $21.1554 Class D: $21.2574 $21.2582 Class I: $21.0534 $21.0549 Class F-I: $20.9796 $20.9792 Class A-I: $21.5335 $21.5207 Class A-III: $21.4781 $21.4656 Class E: $21.6199 $21.6065 OP Class A-I: $21.5335 $21.5207 OP Class E: $21.6199 $21.6065
BLACKSTONE REAL ESTATE INCOME TRUST, INC.
1/20/2026 8-K
The Company disclosed the sale of unregistered Class C shares to a feeder vehicle for aggregate consideration of $3.8M, pursuant to Regulation S.
BROOKFIELD REAL ESTATE INCOME TRUST INC.
1/16/2026 424B3
The Company reported its December 2025 NAV per share (table below) and announced its dealer manager has changed its name from Brookfield Oaktree Wealth Solutions LLC to Brookfield Private Wealth LLC.
December November Class S: $10.2656 $10.3191 Class I: $10.3778 $10.4310 Class D: $10.4720 $10.5254 Class T: $10.4557 $10.4997 Class C: $10.0657 $10.1201 Class E: $10.3687 $10.4210 Class I OP: $10.3778 $10.4310 Class E OP: $10.3687 $10.4210
CANTOR FITZGERALD INCOME TRUST, INC.
1/16/2026 424B3
The Company reported its December 2025 NAV per share (table below) and announced it satisfied 50.7% of December 2025 repurchase requests (100% in November).
December November Class AX: $20.10 $19.43 Class IX: $20.10 $19.43 Class I: $20.10 $19.43 Class TX: $20.09 $19.42 Class T: $20.09 $19.42 Class D: $20.10 $19.43 Class S: $20.09 $19.42 Class I OP Units: $20.10 $19.43 Class T OP Units: $20.09 $19.42
COTTONWOOD COMMUNITIES, INC.
1/16/2026 8-K
The Company issued and sold shares of its 9/19/23 offering of Series A convertible preferred stock for aggregate proceeds of $1.3M.
1/21/2026 424B3
The Company reported its December 2025 NAV per share:
December November All Classes: $11.3574 $11.3578
The Company declared January 2026 distributions, payable in February 2026:
January December Gross Dist: $0.05666667 $0.05666667 Record Date: 1/31/26
HINES GLOBAL INCOME TRUST, INC.
1/21/2026 8-K 424B3
The Company amended the suitability standards section of its prospectus with regards to Alabama investors and updated its subscription agreement.
NUVEEN GLOBAL CITIES REIT, INC.
1/22/2026 8-K
The Company declared December 2025 distributions, payable on or about 1/22/26:
December November Gross Dist: $0.06458722 $0.06427582 Record Date: 12/30/25
RREEF PROPERTY TRUST, INC.
1/16/2026 424B3
The Company reported its January 2026 redemption price per share:
January December Class A: $12.94 $12.97 Class I: $13.04 $13.06 Class T: $13.07 $13.10 Class D: $13.07 $13.09 Class M-I: $12.94 $12.97 Class T2: $12.88 $12.91 Class N: $12.95 $12.98
STARWOOD REAL ESTATE INCOME TRUST, INC.
1/16/2026 424B3
The Company reported its December 2025 NAV per share (table below) and satisfied approximately 4% of December 2025 repurchase requests (4% in November).
December November Class S: $20.14 $20.34 Class T: $20.15 $20.35 Class D: $19.72 $19.92 Class I: $19.96 $20.16 OP Units: $19.97 $20.16
Private Placement REITs
ARES INDUSTRIAL REAL ESTATE INCOME TRUST INC.
1/16/2026 8-K
The Company reported its December 2025 NAV per share:
December November All Classes: $13.1272 $13.0927
The Company declared December 2025 distributions:
December November Gross Dist: $0.05250 $0.05250 Record Date: 12/31/25
ARES REAL ESTATE INCOME TRUST INC.
1/16/2026 8-K
The Company reported its December 2025 NAV per share:
December November All Classes: $8.0353 $7.9946
The Company declared December 2025 distributions:
December November Gross Dist: $0.03450 $0.03450 Record Date: 12/31/25
BLUE OWL DIGITAL INFRASTRUCTURE TRUST
1/21/2026 8-K
The Company reported its December 2025 NAV per share (table below) and disclosed the sale of unregistered Class S, D, I, and E common shares for gross proceeds of approximately $69.6M.
December November Class S: $10.0604 n/a Class D: $10.0604 n/a Class I: $10.0604 n/a Class E: $10.0849 n/a Class I OP Units: $10.0604 n/a Class E OP Units: $10.0849 n/a
The Company declared December 2025 distributions, payable on or about 1/20/26.
December November Gross Dist: $0.0375000 n/a Record Date: 12/31/25
BLUE OWL REAL ESTATE NET LEASE TRUST
1/21/2026 8-K
The Company reported its December 2025 NAV per share (table below) and disclosed the sale of unregistered Class I common shares for gross proceeds of approximately $40.4M.
December November Class S: $10.4980 $10.4211 Class N: $10.5838 $10.5058 Class D: $10.3620 $10.2864 Class I: $10.5706 $10.4927 OP Units: $10.5706 $10.4927
EXCHANGERIGHT INCOME FUND
1/20/2026 8-K
The Company disclosed the sale of unregistered Class ER-A shares for gross proceeds of approximately $1M.
FORTRESS CREDIT REALTY INCOME TRUST
1/20/2026 8-K
The Company reported its December 2025 NAV per share:
December November Class B: $20.0745 $20.1013 Class R: $19.9319 $19.9591 Class J-1: $19.9383 $19.9655 Class J-2: $19.9226 $19.9500 Class J-4: $20.1523 $20.1833 Class S: $20.1319 $20.1647 Class I: $20.1293 $20.1625 Class E: $20.0564 $20.0775
FORTRESS NET LEASE REIT
1/20/2026 8-K
The Company reported its December 2025 NAV per share:
December November Class S: $10.3382 $10.2931 Class I: $10.3505 $10.3076 Class F-S: $10.3550 $10.3088 Class F-I: $10.4205 $10.3719 Class D-S: $10.6611 $10.5970 Class E: $10.7261 $10.6612
FRANKLIN BSP REAL ESTATE DEBT, INC.
1/16/2026 8-K
The Company declared December 2025 distributions, paid on 1/14/26:
December November Gross Dist: $0.1667 $0.1667 Record Date: 12/31/25
NORTH HAVEN NET REIT
1/20/2026 8-K
The Company disclosed the sale of unregistered Class I common shares for aggregate consideration of approximately $0.6M.
SCULPTOR DIVERSIFIED REAL ESTATE INCOME TRUST, INC.
1/20/2026 8-K
The Company reported its December 2025 NAV per share:
December November Class E: $11.7312 $11.3553 Class F: $11.4822 $11.1366 Class FF: $11.3025 $10.9632 Class AA: $11.2290 $10.9104 Class A: $11.1167 $10.8017 Class I-S: $11.0725 $10.7591 OP Units: $11.7312 $11.3553
SEALY INDUSTRIAL PARTNERS IV, LP
1/22/2026 8-K
A subsidiary of the Company amended its credit agreement with KeyBank National Association to provide for borrowings in an initial amount of $150M, with an accordion provision that may increase the amount to a maximum of $500M.
Closed-End Funds
ACCORDANT ODCE INDEX FUND (INTERVAL FUND)
1/16/2026 424B3
The Company filed an updated prospectus for its offering of Class A and I shares.
EVANSTON MULTI-ALPHA FUND (TENDER OFFER FUND)
1/20/2026 424B3
The Company announced that Azimut Group has completed its previously disclosed acquisition of the parent company of the Company’s then adviser. In connection, Evanston Capital Management, LLC will now serve as the Company’s investment adviser, and the Company changed its name from North Square Evanston Multi-Alpha Fund to Evanston Multi-Alpha Fund.
Lifecycle REITs
PROCACCIANTI HOTEL REIT, INC.
1/20/2026 8-K
The Company held its annual meeting of stockholders at which voters approved amendments to the advisory agreement removing the 8/13/26 deadlines for the accrual of the asset management fee and for interest on the deferred acquisition and deferred disposition fees payable to the advisor. In addition, five individuals were elected to the Board.
STRATEGIC STUDENT & SENIOR HOUSING TRUST, INC.
1/16/2026 8-K
The Company reported its estimated NAV as of 9/30/25.
9/30/25 9/30/24 All Classes: $6.37 $6.35
Other Alts
MONROE CAPITAL INCOME PLUS CORP (PRIVATE PLACEMENT BDC)
1/22/2026 8-K
The Adviser of the Company agreed to voluntarily waive a portion of its management fee for the period beginning 1/1/26 through 12/31/26, reducing the fee from 1.25% to 1.00% of average total assets.
NEW MOUNTAIN GUARDIAN IV INCOME FUND, L.L.C. (PRIVATE PLACEMENT BDC)
1/16/2026 8-K
The Company announced the retirement of Alfred F. Hurley, Jr from his position as a director of the Company. Mr. Hurley’s retirement is not the result of any disagreement with the Company. In connection with Mr. Hurley’s retirement, the Board appointed Daniel B. Hébert as a director of the Company.
NMF SLF I, INC. (PRIVATE PLACEMENT BDC)
1/16/2026 8-K
The Company announced the retirement of Alfred F. Hurley, Jr from his position as a director of the Company. Mr. Hurley’s retirement is not the result of any disagreement with the Company. In connection with Mr. Hurley’s retirement, the Board reduced its size from five directors to four.
Registrations
CAPITAL GROUP KKR U.S. EQUITY (PLUS)
1/16/2026 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.
CAZ GP STAKES FUND
1/16/2026 N-2/A
Type: Interval Fund - IPO
Primary: Unlimited - Class A, C, E, F, and I Shares.
The fund intends to invest primarily in institutionalized alternative asset management firms.
EMERY PARTNERS INCOME CREDIT STRATEGIES FUND
1/16/2026 N-2/A
Type: Tender Offer Fund
Primary: Unlimited - Common Shares.
The fund intends to invest in credit and credit-related investments including debt securities, such as bonds and loans, yielding securities, and fixed income investments.
FIRST TRUST PRIVATE ASSETS FUND
1/21/2026 EFFECT 1/15/2026 N-2
Type: Tender Offer Fund
Primary: Unlimited - Common Shares
The fund invests in private assets including direct investments in the equity or debt of a company which are not generally available to unaccredited investors; investments in general or limited partnerships, funds, corporations, trusts, and closed-end private funds.
HAMILTON LANE CREDIT INCOME FUND
1/20/2026 N-2/A
Type: Interval Fund - IPO
Primary: Unlimited - Class R, I, Y, and S Shares
The fund intends to invest in direct credit investments focused on senior secured loans structured as revolving, first lien, unitranche, or second lien term loans.
J.P. MORGAN REAL ESTATE INCOME TRUST, INC.
1/16/2026 S-11/A
Type: NAV REIT
Primary: $3.8B - Class T, S, D, and I Shares
The fund invests in diversified real estate sectors, primarily concentrated in residential and industrial.
ORIGIN REAL ESTATE CREDIT FUND
1/16/2026 EFFECT 1/20/2026 424B3
Type: Interval Fund - IPO
Primary: Unlimited - Class A, E, I, and O Shares
The fund intends to invest in a portfolio of multifamily real estate loans and other real estate-related investments located in the United States.
PRE-IPO & GROWTH FUND
1/16/2026 EFFECT 1/12/2026 N-2/A
Type: Interval Fund - IPO
Primary: Unlimited - Class F, D, and S Shares
The fund intends to invest in securities of companies that are not listed on an exchange, private funds, PIPE transactions, and SPACs.
STARWOOD REAL ESTATE INCOME TRUST, INC.
1/16/2026 S-11/A
Type: NAV REIT
Primary: $9.5B - Class D, I, S, and T Shares
The fund invests in stabilized, income-oriented commercial real estate.
TERRA PROPERTY TRUST, INC.
1/21/2026 S-11/A
Type: Private Placement REIT - Notes Offering
Primary: $60,000,000
The fund is offering notes due 2029, the details of which are TBD.
