Volume XV No. 11 | Friday, March 13, 2026
Weekly Highlights
BLACKROCK PRIVATE CREDIT FUND (NAV BDC)
3/6/2026 8-K
The Company estimates that approximately 2,957,040 of its common shares, or 4.486% of its outstanding common shares as of 12/31/25, were validly tendered and not withdrawn pursuant to the Company’s repurchase offer that expired on 2/27/26. The purchase price per share will be disclosed in May 2026 after the Company determines its NAV per share as of 3/31/26.
BLUE OWL CAPITAL CORP II (TRADITIONAL BDC)
3/6/2026 8-K Press Release
The Company previously reported it will be using a portion of the proceeds from the February loan asset sale to make a special cash return of capital distribution equivalent to 30% of NAV to shareholders. Shareholders of record as of 3/24/26 will receive this cash distribution in the amount of $2.50 per share on or before 3/31/26.
CNL HEALTHCARE PROPERTIES, INC. (LIFECYCLE REIT)
3/6/2026 8-K
The Company held its annual meeting of stockholders where voters approved the previously announced merger transactions contemplated by the merger agreement with Sonida Senior Living.
NORTH HAVEN PRIVATE INCOME FUND LLC (PRIVATE PLACEMENT BDC)
3/11/2026 8-K Letter SC TO-I/A
The Company provided a letter to investors regarding its Q1 2026 repurchase requests. The Company received requests representing approximately 10.9% of shares outstanding as of 12/31/25 and will fulfill repurchases up to the 5% quarterly cap, resulting in a proration of approximately 45.8%.
Current Reports
BDCs
APOLLO DEBT SOLUTIONS BDC
3/11/2026 8-K
A subsidiary of the Company entered into a credit agreement for a maximum principal amount of $500M.
BLUE OWL CAPITAL CORP II
3/6/2026 8-K Press Release
The Company is reviewing an unsolicited minority tender offer from unaffiliated third parties Cox Capital Partners and Saba Capital Management, L.P. to purchase up to 8,000,000 shares of the Company’s common stock, representing less than 7% of outstanding shares, at a price reflecting a discount of more than 30% to the Company’s NAV. The Board stated that it will evaluate the offer and provide shareholders with its recommendation in due course.
BLUE OWL CREDIT INCOME CORP.
3/9/2026 8-K
The Company completed a $800M term debt securitization and a subsidiary of the Company entered into a credit agreement for a maximum principal amount of $500M.
FIDELITY PRIVATE CREDIT FUND
3/9/2026 8-K Fact Sheet
The Company issued a fact sheet as of January 2026.
JOHN HANCOCK COMVEST PRIVATE INCOME FUND
3/12/2026 8-K
The Company reported its January 2026 NAV per share:
January December Class I: $25.33 $25.25
The Company declared February 2026 distributions, payable on or about 3/26/26:
February January Gross Dist: $0.2067 $0.2104 Record Date: 3/10/26
NEXPOINT CAPITAL, INC.
3/11/2026 8-K
The Company reported its new NAV per share:
2/28/26 1/31/26 All Classes: $4.40 $4.43
PROSPECT FLOATING RATE & ALTERNATIVE INCOME FUND, INC.
3/6/2026 8-K
The Company amended its charter to divide its authorized common stock into four classes including Class A, D, I, and S shares. The Company has the authority to issue 75,000,000 shares of common stock, consisting of 37,500,000 shares designated as Class A and 12,500,000 shares each designated as Class D, Class I, and Class S. In addition, the Company held a special meeting of stockholders where voters approved amendments to the Company’s charter and bylaws to conform with guidelines issued by the NASAA, including increasing the quorum requirement for stockholder meetings from one third to 50% of outstanding voting shares, permitting the Adviser or stockholders holding at least 10% of outstanding shares to call stockholder meetings, allowing stockholders holding a majority of outstanding voting shares to remove directors without cause, and changing the director election standard to a majority of outstanding voting shares.
T. ROWE PRICE OHA SELECT PRIVATE CREDIT FUND
3/12/2026 8-K Press Release
The Company announced its financial results and total distributions declared for Q4 2025.
NAV REITs
BLACKSTONE REAL ESTATE INCOME TRUST, INC.
3/6/2026 8-K
The Company disclosed the sale of unregistered Class S-2 shares for an aggregate consideration of $60.4M.
CANTOR FITZGERALD INCOME TRUST, INC.
3/6/2026 8-K
The Company declared February 2026 distributions payable on or about 3/6/26:
February January Gross Dist: $0.07710 $0.08536 Record Date: 2/28/26
COHEN & STEERS INCOME OPPORTUNITIES REIT, INC.
3/12/2026 424B3
The Company reported its February 2026 NAV per share:
February January Class I: $11.41 $11.21 Class F-I: $11.23 $11.03 Class P: $11.76 $11.51 Class B: $11.43 $11.24 Class R-I: $11.44 $11.24 Class R-S: $11.41 n/a
COTTONWOOD COMMUNITIES, INC.
3/6/2026 8-K/A
The Company provided historical financial statements and pro forma financial information to supplement its 8-K filed on 12/19/25 in connection with its previously completed merger with RealSource Properties, Inc.
3/11/2026 8-K
The Company issued and sold shares of its 9/19/23 offering of Series A convertible preferred stock for aggregate proceeds of $2.6M.
EQT EXETER REAL ESTATE INCOME TRUST, INC.
3/6/2026 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 $0.9M.
RREEF PROPERTY TRUST, INC.
3/9/2026 8-K 424B3
The Company engaged Forvis Mazars, LLP as its independent registered public accounting firm for the year ended 12/31/26.
3/12/2026 424B3
The Company reported a $466.3M estimated value of its investments in real estate as of 12/31/25, updated the experts section of its prospectus, and attached its annual 10-K report.
Private Placement REITs
ARES INDUSTRIAL REAL ESTATE INCOME TRUST INC.
3/6/2026 8-K
The Company disclosed the sale of unregistered Class S-PR, D-PR, and I-PR shares from 1/2/26 - 3/2/26 for gross proceeds of approximately $56.2M.
ARES REAL ESTATE INCOME TRUST INC.
3/6/2026 8-K
The Company disclosed the sale of unregistered Class S-PR and I-PR shares on 3/2/26 for gross proceeds of approximately $26M and unregistered Class D-PR shares from 1/2/26 through 3/2/26 for gross proceeds of $0.8M.
CNL STRATEGIC RESIDENTIAL CREDIT, INC.
3/12/2026 8-K
The Company amended its advisory agreement to change the accrual frequency of the total return incentive fee from a quarterly to monthly basis to the extent that it is earned on an annual basis.
EXCHANGERIGHT INCOME FUND
3/12/2026 8-K
The Company declared February 2026 distributions, payable on or about 3/13/26:
February January Gross Dist: $0.1449 $0.1449 Record Date: 2/28/26
FORTRESS CREDIT REALTY INCOME TRUST
3/6/2026 8-K
The Company declared February 2026 distributions (table below), payable on or about 3/3/26, and disclosed the sale of unregistered common shares for gross proceeds of $29.2M.
February January Gross Dist: $0.1546 $0.1547 Record Date: 2/27/26
FORTRESS NET LEASE REIT
3/6/2026 8-K
The Company declared February 2026 distributions (table below), payable on or about 3/3/26, and disclosed the sale of unregistered common shares for gross proceeds of $81.3M.
February January Gross Dist: $0.0715 $0.0712 Record Date: 2/27/26
GOLDMAN SACHS REAL ESTATE FINANCE TRUST INC
3/6/2026 8-K
The Company declared February 2026 distributions (table below), payable on or about 3/10/26, and disclosed the sale of unregistered Class I, S, NV-2, and F-II common shares for gross proceeds of $71.8M.
February January Gross Dist: $0.1660 $0.1660 Record Date: 2/28/26
INVESCO COMMERCIAL REAL ESTATE FINANCE TRUST, INC.
3/9/2026 8-K
The Company disclosed the sale of unregistered shares of common stock at January NAV per share plus upfront selling commissions for aggregate consideration of $50.5M and issued common shares under its distribution reinvestment plan. Price per share as follows:
January December Class S-1: $25.0017 $25.0342 Class I: $24.9650 $24.9979 Class S: $24.8944 $24.9275 Class E: $25.7799 n/a
PRINCIPAL CREDIT REAL ESTATE INCOME TRUST
3/6/2026 8-K
The Company disclosed the sale of Class I, F-S, F-I, and E shares in connection with their private offering for an aggregate purchase price of $1.5M.
TERRA PROPERTY TRUST, INC.
3/12/2026 8-K Press Release
The Company issued a press release providing certain financial information as of 12/31/25 and additional information relating to the Company’s previously announced offers to exchange its 6.00% Senior Notes due 6/30/26 and 7.00% Senior Notes due 3/31/26 for newly issued 7.00% Senior Secured Notes due 2029.
Closed-End Funds
AIP ALTERNATIVE LENDING FUND A (TENDER OFFER FUND)
3/12/2026 424B3
The Company amended the “Control Persons and Principal Holders of Securities” section of its prospectus.
BOOSTER INCOME OPPORTUNITIES FUND (INTERVAL FUND)
3/12/2026 424B3
The Company amended the “U.S. Federal Income Tax Matters” section of its prospectus.
CARLYLE TACTICAL PRIVATE CREDIT FUND (INTERVAL FUND)
3/11/2026 424B3
The Company closed on the sale of 4,000,000 Series L Mandatory Redeemable Preferred Shares to five accredited investors for gross proceeds of $100M.
CAZ GP STAKES FUND (INTERVAL FUND)
3/6/2026 424B3
The Company filed an updated prospectus for its offering of Class A, C, E, I, and R shares.
FIRST TRUST PRIVATE CREDIT FUND (INTERVAL FUND)
3/9/2026 424B3
The Board approved a decrease in the monthly distributions that the Company intends to make to shareholders from 10% to 8.50% annually of the Company’s NAV per share, effective 5/1/26.
HARBOURVEST PRIVATE INVESTMENTS FUND (TENDER OFFER FUND)
3/6/2026 424B3
The Company filed an updated prospectus for its offering of Class A, D, and I shares.
NB PRIVATE MARKETS ACCESS FUND LLC (TENDER OFFER FUND)
3/9/2026 424B3
The Company reported that Brien Smith has stepped down as a member of the Neuberger Berman Private Investment Portfolios and Co-Investments Investment Committee and retired from his role as a Senior Adviser to the Neuberger Berman Private Equity Division.
Lifecycle REITs
CNL HEALTHCARE PROPERTIES, INC.
3/6/2026 8-K
The Company held its annual meeting of stockholders where voters elected five nominees to serve on the Board and ratified the selection of PricewaterhouseCoopers LLP as the Company’s independent registered certified public accounting firm for the fiscal year ending 12/31/25.
3/9/2026 8-K
The Company reported that PricewaterhouseCoopers LLP completed its audit of the consolidated financial statements of the Company and its subsidiaries for each of the three years in the period ended 12/31/25.
Other Alts
CREATIVE MEDIA & COMMUNITY TRUST CORP (NON-TRADED PREFERRED)
3/9/2026 8-K Press Release Presentation
The Company filed a press release announcing its financial results for the fourth quarter ended 12/31/25, as well as a Q4 investor presentation. Additionally, the Company expects to satisfy all redemptions of preferred stock initiated by holders prior to 3/5/26 on 3/12/26, which will result in the redemption of approximately 210,858 shares of Series A1 Preferred Stock. The Company also provided notice of the redemption of 7,556,751 additional shares of Series A1 Preferred Stock, which will be redeemed in shares of common stock.
HPS CORPORATE CAPITAL SOLUTIONS FUND (PRIVATE PLACEMENT BDC)
3/6/2026 8-K
The Company reported repurchases of 2.34% of its outstanding common shares as of 12/31/25, pursuant to the repurchase offer that expired on 3/6/26.
NORTH HAVEN PRIVATE INCOME FUND A LLC (PRIVATE PLACEMENT BDC)
3/11/2026 8-K Letter SC TO-I/A
The Company provided a letter to investors regarding its Q1 2026 repurchase requests. The Company received requests representing approximately 6.8% of shares outstanding as of 12/31/25 and will fulfill repurchases up to the 5% quarterly cap, resulting in a pro-rata fulfillment of approximately 73.3%.
PARTNERS GROUP LENDING FUND, LLC (PRIVATE PLACEMENT BDC)
3/9/2026 8-K
The Company appointed Ruth E. Goodstein to serve as an independent member of the Board.
Registrations
ALGER NEXT GEN GROWTH FUND
3/10/2026 N-2/A
Type: Interval Fund - IPO
Primary: Unlimited - Class A and Z Shares
The fund intends to invest primarily in domestic and foreign equity securities of growth companies.
ARISTOTLE PACIFIC ENHANCED CLO INCOME FUND
3/12/2026 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.
CARLYLE ALPINVEST PRIVATE MARKETS FUND
3/9/2026 N-2
Type: Tender Offer Fund
Primary: Unlimited - Class A, I, W, and X Shares
The fund invests primarily in private market investments, including direct and secondary investments in private equity funds, direct subscriptions for interests in underlying funds, and investments in privately placed bank loans and other debt instruments and loans to private companies.
CHAMPION FUND
3/10/2026 N-2/A
Type: Interval Fund - IPO
Primary: Unlimited - Common Shares
The fund intends to invest in equity securities (e.g., common stock, preferred stock, and equity-linked securities convertible into equity securities) of private operating companies, which are expected to include mid- and late-stage venture-backed companies and middle-market private equity-backed companies.
FIRST TRUST ENHANCED PRIVATE CREDIT FUND
3/11/2026 N-2/A
Type: Interval Fund - IPO
Primary: Unlimited - Class A and I Shares
The fund invests in private credit investments, including privately negotiated and broadly syndicated corporate loans, CLOs, SRTs, CLNs, and other types of asset-backed fixed income securities.
FT VEST TOTAL RETURN INCOME FUND: SERIES A2
3/10/2026 N-2
Type: Tender Offer Fund
Primary: Unlimited - Class A and I Shares
The fund intends to invest primarily in U.S. exchange-traded equity securities contained in the S&P 500 Index.
HPS CORPORATE LENDING FUND
3/6/2026 EFFECT 3/9/2026 424B3
Type: BDC - Notes exchange
Primary: $2B aggregate principal amount
The fund is offering to exchange all of its outstanding and unregistered 5.300% Notes due 2027, 5.850% Notes due 2030, 4.900% Notes due 2028, and 5.450% Notes due 2030 for an equal amount of its new Notes, respectively, that have been registered.
LIBREMAX ASSET-BACKED INCOME FUND
3/13/2026 N-2/A
Type: Interval Fund - IPO
Primary: Unlimited - Class A, I, and L shares
The fund intends to invest in private asset-backed finance products, traded credit products, and other credit related investments that provide exposure to asset backed investments.
LOOMIS SAYLES CREDIT INCOME OPPORTUNITIES FUND
3/10/2026 N-2/A
Type: Interval Fund - IPO
Primary: Unlimited - Institutional Class and Class A Shares
The fund intends to invest in credit focused investments including corporate issues, mortgage backed and asset backed securities, structured notes, credit default swaps, preferred equity, debt securities, and more.
SOUND POINT ALTERNATIVE INCOME FUND
3/12/2026 N-2/A
Type: Interval Fund - IPO
Primary: Unlimited - Class I, Y, and A Shares
The fund intends to invest in a portfolio of liquid, private, and structured credit strategies.
