Volume XV No. 28 | Friday, July 10, 2026
Press Room
NAV BDCs Return Nearly $5.9 Billion to Investors in the Second Quarter and More Than $12.7 Billion Year-to-Date 2026 (7/6/2026)
With approximately 99% of the market reporting, NAV BDC sponsors have delivered nearly $5.9 billion in liquidity to investors so far in Q2 2026, demonstrating the resilience of the semi-liquid vehicle structure even in the face of historically elevated redemption demand, according to Robert A. Stanger & Co., Inc. Year-to-date, total redemptions met by NAV BDCs has exceeded $12.7 billion. “While redemption requests in private credit remain elevated, sponsors are continuing to meet those requests within defined program limits,” said Kevin T. Gannon, Chairman & CEO of Stanger. “What we’re watching is a rotation, not a retreat, with investors rebalancing out of credit and into HALO strategies. The semi-liquid structure allows them to do so on defined terms, protecting the investors who want to stay without forcing distressed sales inside the fund. That’s the mechanism working exactly as intended.”
The above is an abbreviated version of an official Stanger press release. View the Full Press Release →
Current Reports
BDCs
ARES STRATEGIC INCOME FUND
7/2/2026 424B3
The Company updated the “Suitability Standards” section of its prospectus and updated the contact information for its Transfer Agent.
BAIN CAPITAL PRIVATE CREDIT
7/6/2026 8-K
A subsidiary of the Company amended its loan and security agreement to increase the maximum facility amount from $250M to $400M and add an accordion feature that may increase the maximum facility amount to $450M.
BLUE OWL TECHNOLOGY INCOME CORP.
7/9/2026 8-K
The Company voluntarily reduced its aggregate committed debt capacity from $4B to $3.5B, effective 7/2/26, to reduce borrowing costs and align with its target leverage, while maintaining available liquidity of $1.3B as of 5/31/26. The reduction included decreases of $275M, $150M, and $75M to three SPV asset facilities, resulting in revised maximum borrowing capacities of $475M, $350M, and $675M, respectively.
GOLUB CAPITAL PRIVATE CREDIT FUND
7/7/2026 8-K
The Company amended its revolving loan agreement to extend the maturity date to 7/3/29.
JOHN HANCOCK COMVEST PRIVATE INCOME FUND
7/6/2026 8-K
The Company reported its May 2026 NAV per share:
May April Class I: $25.15 $25.12
The Company declared June 2026 distributions, payable on or about 7/24/26:
June May Gross Dist: $0.1887 $0.1989 Record Date: 6/29/26
KENNEDY LEWIS CAPITAL CO
7/7/2026 8-K
The Company entered into a custody agreement with U.S. Bank Trust Company, National Association pursuant to which U.S. Bank will serve as custodian and provide custody services to the Company. Additionally a subsidiary of the Company amended its credit agreement to replace State Street Bank and Trust Company with U.S. Bank as the collateral agent and collateral administrator and replace State Street Bank and Trust Company with U.S. Bank National Association as the collateral custodian and securities intermediary.
T. ROWE PRICE OHA SELECT PRIVATE CREDIT FUND
7/6/2026 8-K
The Company entered into a supplemental indenture related to the issuance of $400M of its 6.500% notes due 2031. The notes offering closed on 7/2/26 with net proceeds of $391.4M.
NAV REITs
BLACKSTONE REAL ESTATE INCOME TRUST, INC.
7/6/2026 8-K
The Company disclosed the sale of unregistered Class S-2 shares for an aggregate consideration of $42.5M.
CANTOR FITZGERALD INCOME TRUST, INC.
7/7/2026 8-K
The Company declared June 2026 distributions payable on or about 7/7/26:
June May Gross Dist: $0.08310 $0.08587 Record Date: 6/30/26
7/9/2026 8-K
The Company declared a quarterly dividend of $0.73889 per share on its 9.50% Series A Cumulative Redeemable Preferred Stock (NYSE: CFTR-PRA), payable on 7/31/26 to holders of record immediately prior to the close of business on 7/15/26.
COHEN & STEERS INCOME OPPORTUNITIES REIT, INC.
7/7/2026 8-K
The Company disclosed the sale of unregistered Class P, B, R-I, R-S, and M-I shares for an aggregate purchase price of $15.4M.
EQT EXETER REAL ESTATE INCOME TRUST, INC.
7/8/2026 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 $2M.
IPC ALTERNATIVE REAL ESTATE INCOME TRUST, INC.
7/7/2026 8-K
The Company disclosed the sale of unregistered Class X-1 shares to an accredited investor in a private placement for an aggregate purchase price of $0.3M.
JLL INCOME PROPERTY TRUST, INC.
7/2/2026 424B3
The Company reported its June 2026 daily NAV per share (table below) and disclosed that it satisfied 100% of redemption requests in Q2 2026 for a total of ~$69.3M.
Jun. 30 May. 29 Class A: $11.26 $11.25 Class M: $11.27 $11.26 Class A-I: $11.29 $11.28 Class M-I: $11.27 $11.25
7/9/2026 8-K Press Release
The Company issued a press release declaring July 2026 distributions, payable on or around 7/24/26:
July June Gross Dist: $0.0525 $0.0525 Record Date: 7/23/26
J.P. MORGAN REAL ESTATE INCOME TRUST, INC.
7/7/2026 8-K
The Company issued Class E, I, and Y shares pursuant to its distribution reinvestment plan on 5/1/26, 6/1/26 and 7/1/26 and issued Class E, I, and Y shares in a private placement to accredited investors for an aggregate purchase of $21.6M on 5/1/26, $4.9M on 6/1/26, and $7.1M on 7/1/26, respectively.
NUVEEN GLOBAL CITIES REIT, INC.
7/8/2026 8-K Press Release
The Company issued a press release to announce the successful completion of the Nuveen Real Estate Exchange I DST offering for $58.7M.
STRATCAP DIGITAL INFRASTRUCTURE REIT, INC.
7/8/2026 8-K Letter
The Company issued a letter to its stockholders communicating, among other things, that the Company is in the process of finalizing its quarterly NAV per share as of 6/30/26 and providing an update to the strategic alternatives review process. The Board has not authorized Q3 2026 distributions and the Company’s SRP remains suspended, except for death and qualifying disabilities.
Private Placement REITs
ARES INDUSTRIAL REAL ESTATE INCOME TRUST INC.
7/8/2026 8-K
The Company disclosed the sale of unregistered Class D-PR, I-PR, and S-PR shares for gross proceeds of approximately $41M.
ARES REAL ESTATE INCOME TRUST INC.
7/8/2026 8-K
The Company disclosed the sale of unregistered Class D-PR, I-PR, and S-PR shares for gross proceeds of approximately $21.4M.
BLACKROCK MONTICELLO DEBT REAL ESTATE INVESTMENT TRUST
7/6/2026 8-K
The Company disclosed the sale of unregistered Class F-I, F-S, and E shares for gross proceeds of approximately $47.3M.
BLUE OWL REAL ESTATE NET LEASE TRUST
7/6/2026 8-K
The Company declared June 2026 distributions (table below), payable on or about 7/17/26, and disclosed the sale of unregistered Class S, N, D, and I common shares for gross proceeds of approximately $198.3M.
June May Gross Dist: $0.0625 $0.0625 Record Date: 6/30/26
7/8/2026 8-K
The Company completed its previously announced acquisition of Sila Realty Trust for approximately $2.4B in cash, with Sila shareholders receiving $30.38 per share and Sila becoming an indirect subsidiary of the operating partnership. The acquisition was funded through equity commitments of up to $2.5B from affiliates of the Company.
EXCHANGERIGHT INCOME FUND
7/7/2026 8-K
The Company disclosed the sale of unregistered Class D shares for gross proceeds of approximately $0.75M.
FORTRESS CREDIT REALTY INCOME TRUST
7/8/2026 8-K
The Company declared June 2026 distributions (table below), payable on or about 7/1/26, and disclosed the sale of unregistered common shares for gross proceeds of $12.9M.
June May Gross Dist: $0.1542 $0.1542 Record Date: 6/30/26
FORTRESS NET LEASE REIT
7/6/2026 8-K
The Company entered into a joinder agreement adding Regions Bank as a new lender under its credit agreement, dated 8/13/24, increasing the aggregate credit facilities from $1.8B to $1.9B, comprised of an increase in the revolving credit facility from $1.475B to $1.545B and the term loan facility from $325M to $355M, effective 6/29/26.
7/8/2026 8-K
The Company declared June 2026 distributions (table below), payable on or about 7/1/26, and disclosed the sale of unregistered common shares for gross proceeds of $71.9M.
June May Gross Dist: $0.0734 $0.0729 Record Date: 6/30/26
FRANKLIN BSP REAL ESTATE DEBT, INC.
7/8/2026 8-K
The Company disclosed the sale of unregistered Class G, G-D, G-S, and I common stock for aggregate consideration of $12.7M.
GOLDMAN SACHS REAL ESTATE FINANCE TRUST INC
7/8/2026 8-K
The Company declared June 2026 distributions (table below), payable on or about 7/10/26, and disclosed the sale of unregistered Class I and S common shares for gross proceeds of $30.8M.
June May Gross Dist: $0.1660 $0.1660 Record Date: 6/30/26
INVESCO COMMERCIAL REAL ESTATE FINANCE TRUST, INC.
7/8/2026 8-K
The Company disclosed the sale of unregistered Class S-1, S, I, and E common stock for aggregate consideration of $31.6M.
NEW MOUNTAIN NET LEASE TRUST
7/7/2026 8-K
The Company disclosed the sale of unregistered Class F and I common shares for aggregate consideration of $26.4M.
NORTH HAVEN NET REIT
7/7/2026 8-K
The Company disclosed the sale of unregistered Class S, F-I, I, and E common shares for aggregate consideration of approximately $63.5M.
PRINCIPAL CREDIT REAL ESTATE INCOME TRUST
7/6/2026 8-K
The Company disclosed the sale of unregistered Class F-S and F-I shares in connection with their private offering for an aggregate purchase price of $2M.
RITHM PERPETUAL LIFE RESIDENTIAL TRUST
7/2/2026 8-K
The Company declared June 2026 distributions, payable on or about 7/20/26 (table below) and disclosed the sale of unregistered Class J shares for aggregate consideration of approximately $7.1M.
June May Gross Dist: $0.1700 $0.1700 Record Date: 6/30/26
SCULPTOR DIVERSIFIED REAL ESTATE INCOME TRUST, INC.
7/7/2026 8-K
The Company declared June 2026 distributions (table below), payable on or about 7/10/26, and disclosed the sale of unregistered Class E, AA, and I-S shares for gross proceeds of approximately $8.1M.
June May Gross Dist: $0.0665 $0.0670 Record Date: 6/30/26
TERRA PROPERTY TRUST, INC.
7/2/2026 8-K
The Company completed its previously disclosed exchange offer for its 6.00% Senior Notes due 6/30/26, exchanging $36.2M of tendered notes for $27.2M aggregate principal of new 11.00% Senior Secured Notes due 7/1/27 plus cash, and repaid the remaining outstanding principal balance of the original notes. A subsidiary of the Company also entered into a $25M term loan agreement with Strategic Yieldco LLC bearing interest at 11.00% per annum, with a 4.00% upfront fee paid to the lender, maturing 12/29/27; proceeds were used to partially fund repayment of the original notes and the cash portion of the exchange offer.
VINEBROOK HOMES TRUST, INC.
7/6/2026 8-K Press Release
The Company issued a press release announcing the cancellation of its annual meeting, due to lack of a quorum.
Closed-End Funds
AMG BBH ASSET-BACKED CREDIT FUND, LLC (INTERVAL FUND)
7/2/2026 EFFECT 6/30/2026 N-2/A
Type: Interval Fund
Primary: Unlimited - Class S, I, and M Units
The Company’s offering went effective. The fund intends to invest in a varied portfolio of asset-backed credit investments.
COATUE INNOVATIVE STRATEGIES FUND (TENDER OFFER FUND)
7/8/2026 424B3
The Board approved Heather Shaffer to serve as Chief Compliance Officer of the Company effective 6/29/26.
FS CREDIT INCOME FUND (INTERVAL FUND)
7/7/2026 424B3
The Company reported that Robert Hoffman resigned from his positions with Future Standard and its affiliates, including his role as a member of FS Credit Income Advisor’s investment committee. In connection, Scott Giardina was appointed as a member of FS Credit Income Advisor’s investment committee.
PGIM PARTNERS GROUP PRIVATE MARKETS MULTI-ASSET FUND (INTERVAL FUND)
7/7/2026 N-2
Type: Interval Fund
Primary: Unlimited - Class I and D Shares
The Company filed its initial prospectus. The fund intends to invest in private market investments, including private equity, infrastructure, private credit, and private real estate.
WISDOMTREE PRIVATE MARKETS & INNOVATION FUND I (TENDER OFFER FUND)
6/26/2026 N-2
Type: Tender Offer Fund
Primary: Unlimited - Common Shares
The Company filed its initial prospectus. The fund intends to invest in equity securities of private, operating growth companies and, to a lesser extent, interests in professionally managed private funds, such as venture capital funds, and securities of public and private companies that introduce a new, creative, or different technologically enabled product or service in seeking to potentially change an industry landscape, as well as companies that service those innovative technologies.
WVB BLACKSTONE ALL PRIVATES FUND (TENDER OFFER FUND)
7/1/2026 424B3
The Company filed an updated prospectus for its offering of Class A, I, and M Shares.
Other Alts
FRANKLIN BSP CAPITAL CORP (PRIVATE PLACEMENT BDC)
7/6/2026 424B3
The fund is offering to exchange all of its outstanding and unregistered 6.000% Notes due 2030 for an equal amount of its new Notes that have been registered.
STEELE CREEK CAPITAL CORP (PRIVATE PLACEMENT BDC)
7/2/2026 8-K
The Company held its annual meeting where shareholders elected Glenn Duffy and William Gates as Class I directors and ratified the selection of Grant Thornton LLP as the Company’s independent registered public accounting firm for the year ending 12/31/26.
WILLOW TREE CAPITAL CORP (PRIVATE PLACEMENT BDC)
7/2/2026 8-K
The Company held its annual meeting where shareholders elected James Roche and Boris Onefater as Class 2 directors.
