Volume XV No. 24 | Friday, June 12, 2026
Weekly Highlights
BLACKROCK PRIVATE CREDIT FUND (NAV BDC)
6/12/2026 8-K Letter
The Company reported Q2 2026 repurchase requests of approximately 5.3% of shares outstanding as of 3/31/26 and will be fulfilling up to the 5% quarterly cap.
BRAEMAR HOTELS & RESORTS INC. (NON-TRADED PREFERRED)
6/12/2026 8-K Press Release
The Company issued a press release announcing the conclusion of its strategic review process and approved a management spin-out that will enable it to become a self-managed REIT and remain publicly traded. The Company will initiate the termination of its advisory agreement with Ashford and its affiliates, directly hire employees, and reconstitute its Board with five new independent directors and an independent Chair. Management expects the new structure to reduce G&A costs by more than $25M annually, improve shareholder alignment, and enhance long-term profitability and value creation. The Company intends to maintain a focused portfolio of approximately six to eight luxury properties and may sell an additional two or three assets to satisfy obligations associated with the termination of the Ashford advisory relationship. Following the transition, management, including President and CEO Richard Stockton, will be employed directly by the Company and have no ongoing relationship with Ashford or its affiliates.
HPS CORPORATE LENDING FUND (NAV BDC)
6/12/2026 8-K Letter
The Company reported Q2 2026 repurchase requests of approximately 13.3% of shares outstanding as of 3/31/26 and will be fulfilling up to the 5% quarterly cap.
SILVER STAR PROPERTIES REIT, INC (LIFECYCLE REIT)
6/8/2026 8-K Press Release
The Company issued a press release announcing its Chapter 11 bankruptcy filing and strategic path forward, stating that the filing is intended to preserve and maximize the value of its assets while providing a court-supervised framework to complete a restructuring and liquidation strategy that began in 2023. Management indicated that ongoing debt defaults, lender constraints, litigation, and capital structure challenges necessitated the filing, and that the Company intends to continue pursuing asset sales, resolving liabilities, and evaluating the formation of a successor entity that could hold certain remaining assets, including storage properties and litigation rights. The Company has approximately $100M in assets and $75M in liabilities and has four defaulted loan obligations with aggregate outstanding principal balances exceeding $65M that contributed to the need for the restructuring process. Concurrently, the Company’s subsidiary Silver Star Virginia Parkway, LLC also filed a separate Chapter 11 petition.
Current Reports
BDCs
APOLLO DEBT SOLUTIONS BDC
6/9/2026 424B3
The Board appointed Bryan Johnston as Chief Accounting Officer, effective as of the close of business on 5/15/26. The Company also amended the “Suitability Standards” section of its prospectus and updated its subscription agreement.
BLUE OWL CREDIT INCOME CORP.
6/11/2026 8-K
The Company completed its offering of a $500M aggregate principal amount of its 6.550% notes due 2031 in a private placement. The net proceeds from the sale of the notes were approximately $488.6M.
NUVEEN CHURCHILL PRIVATE CAPITAL INCOME FUND
6/12/2026 8-K Communication
The Company issued a Q1 2026 shareholder business update covering market and portfolio commentary, accompanied by a shareholder communication.
TPG TWIN BROOK CAPITAL INCOME FUND
6/8/2026 8-K
The Company provided a business update and reported it will honor 100% of Q2 2026 repurchase requests, which represent 2.1% of shares outstanding as of 3/31/26.
6/10/2026 8-K
The Company entered into a third supplement to its master note purchase agreement to issue $225M aggregate principal amount of Series D Notes in a private placement, consisting of $50M of 6.67% Series D Senior Notes, Tranche A, due 6/4/29, and $175M of 7.03% Series D Senior Notes, Tranche B, due 6/4/31.
NAV REITs
BROOKFIELD REAL ESTATE INCOME TRUST INC.
6/10/2026 8-K
The Company held its annual meeting where shareholders elected six individuals to the Board and ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the year ending 12/31/26.
CANTOR FITZGERALD INCOME TRUST, INC.
6/5/2026 8-K
The Company declared May 2026 distributions, payable on or about 6/5/26:
May April Gross Dist: $0.08587 $0.08310 Record Date: 5/31/26
COHEN & STEERS INCOME OPPORTUNITIES REIT, INC.
6/9/2026 8-K Press Release
The Company issued a press release regarding the acquisition of a 442,000-square-foot community shopping center in the Cedar Park submarket of Austin, Texas.
6/10/2026 424B3
The Company reported its May 2026 NAV per share:
May April Class I: $11.99 $11.79 Class F-I: $11.80 $11.60 Class P: $12.47 $12.21 Class B: $11.99 $11.77 Class R-I: $11.90 $11.78 Class R-S: $11.97 $11.78
COTTONWOOD COMMUNITIES, INC.
6/11/2026 8-K
The Company issued and sold shares of its 9/19/23 offering of Series A convertible preferred stock for aggregate proceeds of $2.8M.
EQT EXETER REAL ESTATE INCOME TRUST, INC.
6/5/2026 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 $1.35M.
HINES GLOBAL INCOME TRUST, INC.
6/9/2026 8-K Press Release
The Company issued a press release to announce the successful completion of the HREX 8 DST, a $145M DST offering.
J.P. MORGAN REAL ESTATE INCOME TRUST, INC.
6/11/2026 424B3
The Company reported its May 2026 NAV per share:
May April Class D: $10.57 $10.57 Class I: $10.61 $10.61 Class E: $11.52 $11.50 Class Y: $11.31 $11.29 OP Units: $11.52 $11.50
Private Placement REITs
BLACKROCK MONTICELLO DEBT REAL ESTATE INVESTMENT TRUST
6/5/2026 8-K
A subsidiary of the Company entered into a credit and security agreement with ConnectOne Bank providing for a maximum aggregate commitment of $100M, which may be increased to $150M subject to required approvals. In addition, another subsidiary entered into a master repurchase agreement with Nomura Corporate Funding Americas, LLC providing for asset purchases with an initial maximum aggregate purchase price of $250M.
EXCHANGERIGHT INCOME FUND
6/11/2026 8-K
The Company disclosed the sale of unregistered Class D shares for gross proceeds of approximately $0.35M.
FORTRESS CREDIT REALTY INCOME TRUST
6/5/2026 8-K
The Company declared May 2026 distributions (table below), payable on or about 6/1/26, and disclosed the sale of unregistered common shares for gross proceeds of $20M.
May April Gross Dist: $0.1542 $0.1544 Record Date: 5/29/26
FORTRESS NET LEASE REIT
6/5/2026 8-K
The Company declared May 2026 distributions (table below), payable on or about 6/1/26, and disclosed the sale of unregistered common shares for gross proceeds of $113.6M.
May April Gross Dist: $0.0729 $0.0728 Record Date: 5/29/26
FRANKLIN BSP REAL ESTATE DEBT, INC.
6/5/2026 8-K
The Company disclosed the sale of unregistered Class G, G-D, and G-S common stock for aggregate consideration of $24M.
GOLDMAN SACHS REAL ESTATE FINANCE TRUST INC
6/5/2026 8-K
The Company declared May 2026 distributions (table below), payable on or about 6/10/26, disclosed the sale of unregistered Class I and S common shares for gross proceeds of $10.8M, and renewed its advisory agreement for an additional one-year period, effective as of 6/10/26.
May April Gross Dist: $0.1660 $0.1660 Record Date: 5/31/26
INVESCO COMMERCIAL REAL ESTATE FINANCE TRUST, INC.
6/5/2026 8-K
The Company disclosed the sale of unregistered shares of common stock at April NAV per share plus upfront selling commissions for aggregate consideration of $30.1M. Price per share as follows:
April March Class S-1: $24.9801 $24.9794 Class I: $24.9430 $24.9424 Class S: $24.8692 $24.8694
NEW MOUNTAIN NET LEASE TRUST
6/5/2026 8-K
The Company disclosed the sale of unregistered Class F, I, and E common shares for aggregate consideration of $12.6M.
NORTH HAVEN NET REIT
6/5/2026 8-K
The Company designated two new classes of common shares, Class L-S and Class L-I. The new share classes will pay a reduced management fee as compared to standard classes and are subject to additional share repurchase limitations. In connection, the Company amended and restated its operating partnership agreement to create corresponding Class L-S and Class L-I OP Units and amended several agreements and governing documents to reflect the new share classes. These amendments became effective on 6/4/26. In addition, the Company disclosed the sale of unregistered Class S, F-I, I, and E common shares for aggregate consideration of approximately $73.2M.
TERRA PROPERTY TRUST, INC.
6/11/2026 8-K Press Release
The Company disclosed certain information relating to its cash flow projections in connection with its exchange offer, including expected aggregate portfolio cash inflows of approximately $47.1M from 4/1/26 through 9/30/26. The Company also issued a press release announcing that it extended the expiration date of its exchange offer from 6/10/26 to 6/25/26 and enhanced the terms of the offer by increasing the interest rate on the new notes to 11.00%, providing certain first-lien collateral, increasing the cash consideration, and shortening the maturity date of the new notes to 7/1/27.
Closed-End Funds
AAM/WILSHIRE INFRASTRUCTURE FUND (INTERVAL FUND)
6/5/2026 EFFECT 6/11/2026 424B3
Type: Interval Fund
Primary: Unlimited - Class D, I, and S Shares
The Company’s offering went effective. The fund intends to invest in investments that provide direct or indirect exposure to infrastructure assets.
BLACKROCK PRIVATE INVESTMENTS FUND (TENDER OFFER FUND)
6/12/2026 8-K
The Company reported repurchases of 0.65% of its outstanding common shares as of 3/31/26, pursuant to the repurchase offer that expired on 5/29/26.
CAZ GP STAKES GROWTH FUND (INTERVAL FUND)
6/11/2026 N-2/A
Type: Interval Fund
Primary: Unlimited - Class A, C, E, I, and R Shares
The Company filed an amended prospectus. The fund intends to invest in either direct or indirect investments in asset management firms, including firms that manage both publicly and privately offered funds across multiple strategies, geographies and asset classes.
FUNDRISE INNOVATION FUND II, LLC (TENDER OFFER FUND)
6/8/2026 N-2
Type: Tender Offer Fund
Primary: Unlimited - Common Shares
The Company filed its initial prospectus. The fund intends to invest in private and public technology companies, directly or indirectly, with a primary focus on the equity securities of certain privately held, mid-to-late-stage, growth companies or other investments that have economic characteristics similar to investments in technology companies.
KKR ASSET-BASED FINANCE FUND (INTERVAL FUND)
6/10/2026 424B3
The Company filed an updated prospectus for its offering of Class D, I, T, and U Shares.
MAN ALTERNATIVE INCOME FUND (INTERVAL FUND)
6/11/2026 EFFECT 5/28/2026 N-2/A
Type: Interval Fund
Primary: Unlimited - Class A and I Shares
The Company’s offering went effective. The fund intends to invest in private credit, structured credit and public credit.
T. ROWE PRICE GOLDMAN SACHS PRIVATE MARKETS FUND (INTERVAL FUND)
6/10/2026 N-2/A
Type: Interval Fund
Primary: Unlimited - Class A, D, and I Shares
The Company filed an amended prospectus. The fund intends to invest in private markets or underlying funds that invest predominantly in private markets.
USVC VENTURE CAPITAL ACCESS FUND (TENDER OFFER FUND)
6/10/2026 424B3
The Company reported that, effective 6/5/26, North Capital Private Securities Corporation serves as its sole distributor, while ALPS Distributors, Inc. no longer serves as a distributor.
WCM SELECT US EQUITY FUND (INTERVAL FUND)
6/9/2026 N-2
Type: Interval Fund
Primary: Unlimited - Common Shares
The Company filed its initial prospectus. The fund intends to invest in equity securities of U.S. companies.
Lifecycle REITs
PACIFIC OAK STRATEGIC OPPORTUNITY REIT, INC.
6/10/2026 8-K
The Company disclosed that the Tel Aviv–Jaffa District Court approved a debt arrangement for its indirect wholly owned subsidiary, Pacific Oak SOR (BVI) Holdings, Ltd., which, upon becoming effective, will extend the maturity of the subsidiary’s Series B and Series D bonds to 6/30/28, increase the post-effective interest rate to 11.5%, grant bondholders enhanced security interests and oversight rights, and impose significant operational and financial restrictions on the subsidiary. In connection, the Company, its operating partnership, and the subsidiary will enter into a new funding agreement under which the subsidiary may, at its discretion and subject to budgetary and liquidity conditions, provide limited operational funding to the Company and its operating partnership, while also granting the Company certain board observation and information rights.
Other Alts
26NORTH BDC, INC. (PRIVATE PLACEMENT BDC)
6/9/2026 8-K
The Company held its annual meeting where shareholders elected Wendell E. Pritchett as a Class III director and ratified the selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending 12/31/26.
BARINGS PRIVATE CREDIT CORP (PRIVATE PLACEMENT BDC)
6/5/2026 8-K
The Company entered into a loan and security agreement providing for an initial maximum borrowing capacity of $500M, with an accordion feature permitting increases in the facility amount of up to $850M.
CARLYLE CREDIT SOLUTIONS, INC. (PRIVATE PLACEMENT BDC)
6/11/2026 8-K
The Company held its annual meeting where shareholders elected Linda Pace and William H. Wright II to serve as a Class I directors and ratified the selection of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending 12/31/26.
GOLUB CAPITAL PRIVATE INCOME FUND I (PRIVATE PLACEMENT BDC)
6/10/2026 8-K Update
The Company issued a quarterly update for Q1 2026.
GOLUB CAPITAL PRIVATE INCOME FUND S (PRIVATE PLACEMENT BDC)
6/10/2026 8-K Update
The Company issued a quarterly update for Q1 2026.
HPS CORPORATE CAPITAL SOLUTIONS FUND (PRIVATE PLACEMENT BDC)
6/12/2026 8-K
The Company reported repurchases of 4.7% of its outstanding common shares as of 3/31/26, pursuant to the repurchase offer that expired on 6/8/26.
LAFAYETTE SQUARE USA, INC. (PRIVATE PLACEMENT BDC)
6/9/2026 8-K
The Company held its annual meeting where shareholders elected Sashi Brown and Jamila Mayfield as Class II directors and ratified the selection of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending 12/31/26.
MSD INVESTMENT CORP. (PRIVATE PLACEMENT BDC)
6/9/2026 8-K
The Company priced a $300M private placement offering of its 6.375% notes due 2029, which will mature on 6/12/29. The offering is expected to close on 6/12/26.
VARAGON CAPITAL CORP (PRIVATE PLACEMENT BDC)
6/10/2026 8-K
The Company held its annual meeting where shareholders elected James Gertie as a Class I director of the Company.
