Volume XV No. 23 | Friday, June 5, 2026
Weekly Highlights
BLACKSTONE PRIVATE CREDIT FUND (NAV BDC)
6/4/2026 SC TO-I/A Update
The Company reported Q2 2026 repurchase requests of approximately 10% of shares outstanding as of 3/31/26 and will be fulfilling up to the 5% quarterly cap, or 50% of requests.
CNL STRATEGIC CAPITAL, LLC (OTHER)
6/2/2026 8-K
The Company held a special meeting at which shareholders voted on a proposal to implement an enhanced liquidity plan that would have increased share repurchase capacity by permitting repurchases of up to 25% of the Company’s outstanding shares. The proposal did not receive the required approval of two-thirds of the Company’s outstanding shares and, therefore, was not approved. As a result, the Company will continue to operate under its existing SRP, which permits repurchases of up to 10% of aggregate NAV annually, and its continuous public offering remains in place. Additionally, the Company amended its revolving credit facility with Valley National Bank, extending the maturity date to 8/15/26.
Press Room
Stanger published its preliminary Non-Traded BDC Pricing Table for April 2026.
View the April 2026 BDC Pricing Table →
Current Reports
BDCs
ANTARES PRIVATE CREDIT FUND
5/29/2026 8-K
The Company reported its April 2026 NAV per share:
April March Class I: $24.69 $24.57
The Company declared May 2026 distributions, payable on or about 6/29/26:
May April Gross Dist: $0.1887 $0.1818 Record Date: 5/28/26
BAIN CAPITAL PRIVATE CREDIT
5/29/2026 8-K
The Company reported its April 2026 NAV per share:
April March Class I: $25.87 $25.83
The Company declared May 2026 distributions, payable on or about 6/30/26:
May April Gross Dist: $0.1875 $0.1875 Record Date: 5/29/26
FIDELITY PRIVATE CREDIT FUND
6/2/2026 424B3
The Company amended the “Suitability Standards” section of its prospectus and updated its subscription agreement.
JOHN HANCOCK COMVEST PRIVATE INCOME FUND
6/1/2026 8-K
The Company reported its April 2026 NAV per share:
April March Class I: $25.12 $25.08
The Company declared May 2026 distributions, payable on or about 6/24/26:
May April Gross Dist: $0.1989 $0.1990 Record Date: 5/28/26
KENNEDY LEWIS CAPITAL CO
5/29/2026 8-K
The Company reported its April 2026 NAV per share:
April March Class I: $20.16 $19.97 Class S: $20.12 $19.94 Class D: $20.16 $19.97
NEXPOINT CAPITAL, INC.
6/4/2026 8-K
The Company reported its new NAV per share:
5/31/26 4/30/26 All Classes: $4.45 $4.40
NUVEEN CHURCHILL PRIVATE CAPITAL INCOME FUND
5/29/2026 8-K
The Company reported its April 2026 NAV per share (table below) and entered into an incentive fee waiver agreement with its Adviser, pursuant to which the Adviser has agreed to waive 50% of the incentive fee based on income payable by the Company to the Adviser for the period from 4/1/26 through 4/30/26.
April March Class I: $24.00 $24.02 Class S: $23.91 $23.94 Class D: $24.00 $24.02
The Company declared May 2026 distributions, payable on 6/29/26:
May April Gross Dist: $0.170 $0.170 Record Date: 5/31/26
TPG TWIN BROOK CAPITAL INCOME FUND
6/2/2026 8-K
The Company held its annual meeting at which shareholders elected Lance A. Ludwick as a Class I Trustee 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.
NAV REITs
APOLLO REALTY INCOME SOLUTIONS, INC.
5/29/2026 8-K
The Company declared May 2026 distributions, payable on or about 6/22/26:
May April Gross Dist: $0.1123 $0.1123 Record Date: 5/31/26
BLACKSTONE REAL ESTATE INCOME TRUST, INC.
5/29/2026 8-K
The Company declared May 2026 distributions, payable on or about 6/22/26:
May April Gross Dist: $0.0555 $0.0551 Record Date: 5/31/26
6/2/2026 8-K
The Company reported that on 6/2/26, Zaneta Koplewicz resigned from the Company as Co-President, Head of Shareholder Relations and as a member of the Board, effective 6/24/26. Ms. Koplewicz’s resignation was not due to any disagreement with the Company.
6/4/2026 8-K
The Company disclosed the sale of unregistered Class S-2 shares for an aggregate consideration of $41M.
COHEN & STEERS INCOME OPPORTUNITIES REIT, INC.
6/2/2026 8-K Press Release
The Company issued a press release regarding the acquisition of a 266,000-square-foot grocery-anchored shopping center located in the Oro Valley submarket of Tucson, Arizona.
6/4/2026 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 $42.7M.
COTTONWOOD COMMUNITIES, INC.
6/2/2026 8-K
The Company issued and sold shares of its 9/19/23 offering of Series A convertible preferred stock for aggregate proceeds of $2M.
6/3/2026 8-K
The Company issued and sold shares of its 12/9/24 offering of Series 2025 preferred stock for aggregate proceeds of $3.6M.
EQT EXETER REAL ESTATE INCOME TRUST, INC.
5/29/2026 8-K
The Company declared May 2026 distributions, payable on or about 6/10/26:
May April Gross Dist: $0.04326 $0.04326 Record Date: 5/31/26
FS CREDIT REAL ESTATE INCOME TRUST, INC.
6/3/2026 424B3
The Company filed an updated prospectus for its offering of Class D, F, I, M, S, T, and Y Shares.
INVESCO REAL ESTATE INCOME TRUST INC.
5/29/2026 8-K
The Company declared May 2026 distributions, payable on or about 6/10/26:
May April Gross Dist: $0.1395 $0.1380 Record Date: 5/31/26
IPC ALTERNATIVE REAL ESTATE INCOME TRUST, INC.
6/3/2026 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 $0.5M.
JLL INCOME PROPERTY TRUST, INC.
6/1/2026 424B3
The Company reported its May 2026 daily NAV per share (table below) and disclosed that it satisfied 100% of redemption requests in April and May for a total of ~$48.8M.
May. 29 Apr. 30 Class A: $11.25 $11.25 Class M: $11.26 $11.27 Class A-I: $11.28 $11.28 Class M-I: $11.25 $11.26
6/4/2026 8-K Press Release
The Company issued a press release announcing that it closed a $49M mortgage loan secured by Louisville Logistics Center, a Class A distribution center totaling approximately 1M square feet in the south Louisville, KY market. The loan has a five-year term with an interest rate of 5.28%.
J.P. MORGAN REAL ESTATE INCOME TRUST, INC.
5/29/2026 8-K
The Company declared May 2026 distributions, payable on or about 6/3/26:
May April Gross Dist: $0.0423 $0.0423 Record Date: 5/31/26
RREEF PROPERTY TRUST, INC.
6/1/2026 8-K 424B3
The Company reported its May 2026 daily NAV per share (table below), and disclosed that it received May 2026 redemption requests in excess of its 2.0% monthly limit, resulting in 97.5% of all redemption requests being honored (95.6% in April).
May. 29 Apr. 30 Class A: $13.12 $13.12 Class I: $13.21 $13.22 Class T: $13.27 $13.27 Class D: $13.24 $13.25 Class M-I: $13.11 $13.11 Class T2: $13.04 $13.05 Class N: $13.12 $13.13
The Company declared May 2026 distributions, payable on 6/2/26:
May April Gross Dist: $0.07495 $0.07495 Record Date: 6/1/26
STARWOOD REAL ESTATE INCOME TRUST, INC.
5/29/2026 8-K
The Company declared May 2026 distributions, payable on or about 6/3/26:
May April Gross Dist: $0.0770 $0.0770 Record Date: 5/29/26
Private Placement REITs
ARES REAL ESTATE INCOME TRUST INC.
6/4/2026 8-K
The Company disclosed the sale of unregistered Class D-PR, I-PR, and S-PR shares for gross proceeds of approximately $27.9M and entered into a subscription agreement with Perigee SPV, an affiliate of its Advisor, pursuant to which Perigee SPV purchased $100M of the Company’s Class B common stock in a private placement at a price per share equal to the Company’s 4/30/26 NAV per share of Class I-PR common stock. The shares are subject to a three-year lock-up period and include certain liquidity, repurchase, ownership limitation, and share exchange rights. The agreement also permits the shares to be pledged as collateral for debt financing and provides for the transfer of such shares upon foreclosure, subject to specified conditions.
BLACKROCK MONTICELLO DEBT REAL ESTATE INVESTMENT TRUST
5/29/2026 8-K
The Company declared May 2026 distributions, payable on or about 6/18/26:
May April Gross Dist: $0.1927 $0.1927 Record Date: 5/29/26
6/5/2026 8-K
The Company disclosed the sale of unregistered Class F-I, F-S, and E shares for gross proceeds of approximately $33.3M.
BLUE OWL REAL ESTATE NET LEASE TRUST
6/3/2026 8-K
The Company declared May 2026 distributions (table below), payable on or about 6/16/26, and disclosed the sale of unregistered Class S, N, D, and I common shares for gross proceeds of approximately $164.6M.
May April Gross Dist: $0.0625 $0.0625 Record Date: 5/31/26
EXCHANGERIGHT INCOME FUND
6/1/2026 8-K
The Company disclosed the sale of unregistered Class ER-A shares for gross proceeds of approximately $1M.
6/4/2026 8-K
The Company disclosed the sale of unregistered Class D shares for gross proceeds of approximately $0.83M.
FRANKLIN BSP REAL ESTATE DEBT, INC.
6/2/2026 8-K
The Company entered into a Master Repurchase and Securities Contract Agreement with Morgan Stanley, establishing a $125M facility capacity.
6/4/2026 8-K
The Company entered into a Master Repurchase Agreement with Barclays Bank, PLC, with no established maximum commitment.
INVESCO COMMERCIAL REAL ESTATE FINANCE TRUST, INC.
5/29/2026 8-K
The Company declared May 2026 distributions, payable on or about 6/12/26:
May April Gross Dist: $0.1600 $0.1600 Record Date: 5/31/26
NEW MOUNTAIN NET LEASE TRUST
5/29/2026 8-K
The Company declared May 2026 distributions, payable on or about 6/8/26:
May April Gross Dist: $0.1546 $0.1546 Record Date: 5/29/26
NORTH HAVEN NET REIT
5/29/2026 8-K
The Company declared May 2026 distributions, payable on or about 6/22/26:
May April Gross Dist: $0.1166 $0.1163 Record Date: 5/29/26
PRINCIPAL CREDIT REAL ESTATE INCOME TRUST
5/29/2026 8-K
The Company declared May 2026 distributions, payable on or about 6/18/26:
May April Gross Dist: $0.1350 $0.1350 Record Date: 5/29/26
6/4/2026 8-K
The Company disclosed the sale of unregistered Class F-S, F-I, I, and E shares in connection with their private offering for an aggregate purchase price of $0.75M.
RITHM PERPETUAL LIFE RESIDENTIAL TRUST
6/4/2026 8-K
The Company declared May 2026 distributions, payable on or about 6/19/26 (table below) and disclosed the sale of unregistered Class J and E shares for aggregate consideration of approximately $12.5M.
May April Gross Dist: $0.1700 $0.1700 Record Date: 5/29/26
SCULPTOR DIVERSIFIED REAL ESTATE INCOME TRUST, INC.
6/4/2026 8-K
The Company declared May 2026 distributions (table below), payable on or about 6/12/26, and disclosed the sale of unregistered Class E and AA shares for gross proceeds of approximately $4.4M.
May April Gross Dist: $0.0670 $0.0670 Record Date: 5/31/26
STARWOOD CREDIT REAL ESTATE INCOME TRUST
5/29/2026 8-K
The Company declared May 2026 distributions, payable on or about 6/3/26:
May April Gross Dist: $0.1560 $0.1560 Record Date: 5/29/26
6/3/2026 8-K
The Company disclosed the sale of unregistered Class I and S common shares for aggregate consideration of approximately $8.9M.
Closed-End Funds
A&Q LONG/SHORT STRATEGIES FUND LLC (TENDER OFFER FUND)
6/2/2026 424B3
The Company filed an amended prospectus for its offering of LLC Interests.
AAM/WILSHIRE INFRASTRUCTURE FUND (INTERVAL FUND)
6/4/2026 N-2/A
Type: Interval Fund
Primary: Unlimited - Class D, I, and S Shares
The Company filed an amended prospectus. The fund intends to invest in investments that provide direct or indirect exposure to infrastructure assets.
ACAP STRATEGIC FUND (INTERVAL FUND)
6/2/2026 424B3
The Company amended the “Qualified Investors” section of its prospectus in connection with the SEC’s increase to the financial thresholds for qualified clients effective 6/29/26, raising the net-worth requirement from $2.2M to $2.7M and the AUM requirement from $1.1M to $1.4M.
ADAMS STREET PRIVATE EQUITY NAVIGATOR FUND LLC (TENDER OFFER FUND)
6/2/2026 424B3
The Company extended the expiration date of its expense limitation agreement from 7/1/26 to 8/1/27.
ARES PRIVATE MARKETS FUND (TENDER OFFER FUND)
6/4/2026 424B3
The Company reported that, effective 6/1/26, David Herbers has been added as a Portfolio Manager.
AXXES OPPORTUNISTIC CREDIT FUND (INTERVAL FUND)
6/1/2026 424B3
The Company reported that, effective immediately, Greywolf Capital Management LP no longer serves as an investment sub-adviser to the Company. Additionally, the Board approved an extension of the management fee waiver between the Company and its Adviser through 7/31/27, and amended the expense limitation and reimbursement agreement such that the expense cap applicable to Class A, C, and I Shares with respect to specified expenses is reduced from 2.50% to 1.75% per annum of the Company’s net assets attributable to each class.
CIBC PRIVATE LENDING STRATEGIES (INTERVAL FUND)
5/29/2026 N-2/A
Type: Interval Fund
Primary: Unlimited - Class I Shares
The Company filed an amended prospectus. The fund intends to focus mainly on strategies that invest in short term assets, prioritize capital structure seniority, produce high, stable cash distributions monthly or quarterly, and exhibit limited sensitivity to public equity and credit market volatility.
HARTFORD SCHRODERS PRIVATE OPPORTUNITIES FUND (TENDER OFFER FUND)
6/3/2026 424B3
The Company reported that The Hartford Insurance Group, Inc. and Wellington Management Company LLP entered into an agreement under which Wellington’s parent company, Wellington Investment Advisors Holdings, LLP, will acquire Hartford Funds Management Group, Inc. and certain affiliates, including Hartford Funds Management Company, LLC. Upon closing, Hartford Funds Management Group will be integrated into Wellington’s U.S. Wealth business and will operate under the Wellington name. The transaction is expected to close in the first quarter of 2027. Following the closing, Hartford Funds Management Company, LLC or an affiliate is expected to continue serving as the Investment Adviser or manager to the Company.
ISQ OPENINFRA INCOME FUND (TENDER OFFER FUND)
6/1/2026 N-2/A
Type: Tender Offer Fund
Primary: Unlimited - Class D, I, and S Shares
The Company filed an updated prospectus. The fund intends to primarily invest in credit securities, but may also invest in equity and equity-like securities.
KEY MULTI ALTERNATIVES SOLUTIONS FUND (TENDER OFFER FUND)
5/29/2026 N-2
Type: Tender Offer Fund
Primary: Unlimited - Class A and I Shares
The Company filed its initial prospectus. The fund intends to invest directly or indirectly, in a portfolio of alternative strategies across a variety of asset classes, strategies, geographies, and vintages.
MORGAN STANLEY PRIVATE MARKETS & ALTERNATIVES FUND - GROWTH (TENDER OFFER FUND)
6/4/2026 N-2/A
Type: Tender Offer Fund
Primary: Unlimited - Class A and I Shares
The Company filed an amended prospectus. The fund intends to invest in portfolio funds across private market asset classes such as private equity and real assets.
OCTAGON XAI CLO INCOME FUND (INTERVAL FUND)
6/2/2026 424B3
The Company reported that on 6/1/26, the Adviser and certain of its principals invested an aggregate of $4M in the Company through the purchase of 400,000 shares of 5.75% Series 2027 Term Preferred Shares, which carry a $10.00 per-share liquidation preference and pay monthly distributions. As of 6/1/26, the aggregate liquidation preference of the Preferred Shares represented 7.69% of the Company’s managed assets. Additionally, the Company reported that effective 6/8/26, the Company’s name will be changed to “XAI CLO & Income Opportunities Fund.”
RBC BLUEBAY ENHANCED INCOME FUND (INTERVAL FUND)
6/1/2026 424B3
The Company filed an amended prospectus for its offering of Class A, I, and T Shares.
6/2/2026 424B3
The Company filed its SAI.
ROCKEFELLER MULTI ALTERNATIVES PORTFOLIO (TENDER OFFER FUND)
5/29/2026 N-2
Type: Tender Offer Fund
Primary: Unlimited - Class A and I Shares
The Company filed its initial prospectus. The fund intends to invest directly or indirectly, in a portfolio of alternative strategies across a variety of asset classes, strategies, geographies, and vintages.
SAVVLY FUND #3 (TENDER OFFER FUND)
5/29/2026 N-2/A
Type: Tender Offer Fund
Primary: Unlimited - Class A and B Shares
The Company filed an amended prospectus. The fund intends to invest in S&P 500 ETFs, such as Vanguard’s VOO, or similar low-cost investment funds that track the S&P 500 index.
TCW PRIVATE ASSET INCOME FUND (INTERVAL FUND)
6/1/2026 424B3
The Company filed an amended prospectus for its offering of Class A, I, and I-3 Shares.
Lifecycle REITs
PACIFIC OAK STRATEGIC OPPORTUNITY REIT, INC.
6/2/2026 8-K
A subsidiary of the Company filed financial statements as of 3/31/26 in connection to its completed offerings of Series B and D bonds since February 2020.
Other Alts
FIDELITY PRIVATE CREDIT CO II LLC (PRIVATE PLACEMENT BDC)
5/29/2026 10-12G
Type: Private Placement BDC
Primary: Unlimited - Common Units
The Company filed its initial prospectus. The fund intends to invest in loans targeted at private U.S. operating companies whose securities are not listed on a national securities exchange or registered under the Exchange Act, and public U.S. operating companies having a market capitalization of less than $250M.
STONE POINT CREDIT INCOME FUND (PRIVATE PLACEMENT BDC)
6/2/2026 8-K
A subsidiary of the Company entered into a revolving credit and security agreement for a maximum principal amount of $200M, with an accordion provision that permits an increase up to $750M.
VISTA CREDIT STRATEGIC LENDING CORP. (PRIVATE PLACEMENT BDC)
6/2/2026 8-K
The Company held its annual meeting at which shareholders elected Stephen Riddick as a Class III director and ratified the selection of Deloitte & Touche LLP to serve as the Company’s independent registered public accounting firm for the fiscal year ending 12/31/26.
