Volume XV No. 18 | Friday, May 1, 2026
Weekly Highlights
STARWOOD REAL ESTATE INCOME TRUST, INC. (NAV REIT)
4/29/2026 8-K 424B3 Letter
The Company is temporarily suspending its share repurchase plan beginning with requests submitted for April with the exception of accounts with balances below $5,000 and requests made in the case of death or disability. In connection, beginning with its April distribution, the Company is reducing its Class I annualized distribution rate to 4.7%, down from 6.3% as of 3/31/26.
STRATCAP DIGITAL INFRASTRUCTURE REIT, INC. (NAV REIT)
4/30/2026 8-K Letter
The Company distributed a letter to its stockholders communicating that the Board is directing the Company to initiate a formal process to review and evaluate strategic alternatives, such as the sale of the Company or its assets, a merger or other business combination transaction, recapitalization, an orderly liquidation, or the continuation of the Company’s current business plan, as well as other potential transactions or strategic actions. In connection, the Company is terminating its public offering, including its DRIP, does not intend to declare regular distributions during the review period, and is partially suspending its share repurchase plan beginning with the requests that would otherwise be processed in April, except in cases of death or disability, while continuing to pay previously authorized and declared distributions for April 2026. Additionally, the frequency of NAV determinations may change from monthly to either quarterly or annually, or remain unchanged, and the Adviser has agreed to defer all fees payable by the Company beginning 4/30/26, until such time as determined by the Adviser.
Current Reports
BDCs
ARES STRATEGIC INCOME FUND
4/28/2026 EFFECT 424B3
Type: BDC - Notes exchange
Primary: $2.9B aggregate principal amount
The fund is offering to exchange all of its outstanding and unregistered 5.450% Notes due 2028, 4.850% Notes due 2029, 5.800% Notes due 2030, 5.150% Notes due 2031, and 5.550% Notes due 2031 for an equal amount of its new Notes, respectively, that have been registered.
BAIN CAPITAL PRIVATE CREDIT
4/29/2026 8-K
The Company reported its March 2026 NAV per share:
March February Class I: $25.83 $25.88
The Company declared April 2026 distributions, payable on or about 5/29/26:
April March Gross Dist: $0.1875 $0.1875 Special Dist: n/a $0.0300 Record Date: 4/30/26
BLACKROCK PRIVATE CREDIT FUND
4/24/2026 8-K
The Company reported its March 2026 NAV per share (table below) and disclosed the sale of unregistered Institutional common shares to feeder vehicles pursuant to Regulation S for total consideration of $21.1M.
March February All Classes: $23.52 $23.53
BLACKSTONE PRIVATE CREDIT FUND
4/27/2026 8-K
The Company issued $850M aggregate principal amount of 5.950% notes due 2031. The notes will mature on 5/15/31.
4/29/2026 8-K
The Company provided a portfolio and performance update for Q1 2026.
CRESCENT PRIVATE CREDIT INCOME CORP
4/28/2026 8-K 424B3
The Company reported its March 2026 NAV per share:
March February All Classes: $26.27 $26.58
The Company declared April 2026 distributions, payable on or about 5/27/26:
April March Gross Dist: $0.1650 $0.1650 Special Dist: n/a $0.0700 Record Date: 4/30/26
FIDELITY PRIVATE CREDIT FUND
4/24/2026 8-K
The Company reported its March 2026 NAV per share:
March February Class I: $24.95 $25.12 Class S: $24.93 $25.09 Class D: $24.95 $25.11
The Company declared April 2026 distributions, payable on or about 5/29/26:
April March Gross Dist: $0.1750 $0.1750 Supp. Dist: $0.0160 $0.0160 Record Date: 4/30/26
4/30/2026 8-K Fact Sheet
The Company issued a fact sheet as of March 2026.
FIRST EAGLE PRIVATE CREDIT FUND
4/24/2026 424B3
The Company amended the “Suitability Standards” section of its prospectus and updated its subscription agreement.
GOLUB CAPITAL PRIVATE CREDIT FUND
4/27/2026 8-K 8-K
The Company reported its March 2026 NAV per share (table below) and amended its senior secured revolving credit facility to increase aggregate commitments from $2.6B to $3.1B, increase the accordion feature to increase the maximum size of the facility from $3B to $4.5B, reduce the applicable margin on borrowings, and extend the revolving period and maturity dates.
March February All Classes: $24.14 $24.59
The Company declared previously reported April 2026 distributions, payable on or about 5/28/26:
April March Gross Dist: $0.1875 $0.1875 Record Date: 4/30/26
HPS CORPORATE LENDING FUND
4/27/2026 8-K
The Company reported its March 2026 NAV per share:
March February All Classes: $24.79 $24.92
The Company declared April 2026 distributions, payable on or about 5/29/26:
April March Gross Dist: $0.1600 $0.1600 Supp. Dist: $0.0470 $0.0500 Record Date: 4/30/26
NUVEEN CHURCHILL PRIVATE CAPITAL INCOME FUND
4/29/2026 8-K
The Company reported its March 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 3/1/26 through 3/31/26.
March February Class I: $24.02 $24.16 Class S: $23.94 $24.09 Class D: $24.02 $24.16
The Company declared April 2026 distributions, payable on 5/28/26:
April March Gross Dist: $0.170 $0.170 Record Date: 4/30/26
OAKTREE STRATEGIC CREDIT FUND
4/24/2026 8-K
The Company reported its March 2026 NAV per share:
March February All Classes: $22.38 $22.64
The Company declared April 2026 distributions, payable on or about 5/27/26:
April March Gross Dist: $0.1600 $0.1600 Record Date: 4/28/26
PGIM PRIVATE CREDIT FUND
4/28/2026 8-K
The Company reported its March 2026 NAV per share:
March February Class S: $25.39 $25.33 Class D: $25.31 $25.26 Class I: $24.82 $24.77
The Company declared April 2026 distributions, payable on or about 5/27/26:
April March Gross Dist: $0.21243 $0.21243 Record Date: 4/30/26
T. ROWE PRICE OHA SELECT PRIVATE CREDIT FUND
4/28/2026 8-K
The Company reported its March 2026 NAV per share:
March February All Classes: $26.15 $26.33
The Company declared April 2026 distributions, payable on or about 5/29/26:
April March Gross Dist: $0.2000 $0.2000 Special Dist: n/a $0.0300 Record Date: 4/30/26
TPG TWIN BROOK CAPITAL INCOME FUND
4/29/2026 8-K
The Company reported its March 2026 NAV per share:
March February All Classes: $25.2181 $25.1850
The Company declared April 2026 distributions, payable on or about 5/27/26:
April March Gross Dist: $0.2000 $0.2000 Record Date: 4/30/26
NAV REITs
APOLLO REALTY INCOME SOLUTIONS, INC.
4/30/2026 8-K
The Company declared April 2026 distributions, payable on or about 5/20/26:
April March Gross Dist: $0.1123 $0.1123 Record Date: 4/30/26
BLACKSTONE REAL ESTATE INCOME TRUST, INC.
4/30/2026 8-K
The Company declared April 2026 distributions, payable on or about 5/20/26:
April March Gross Dist: $0.0551 $0.0554 Record Date: 4/30/26
BROOKFIELD REAL ESTATE INCOME TRUST INC.
4/30/2026 8-K
The Company declared April 2026 distributions, payable on or about 5/20/26:
April March Gross Dist: $0.0722 $0.0721 Record Date: 4/29/26
CANTOR FITZGERALD INCOME TRUST, INC.
4/28/2026 424B3
The Company filed an updated prospectus for its offering of Class D, I, S, and T Shares.
COHEN & STEERS INCOME OPPORTUNITIES REIT, INC.
4/30/2026 8-K
The Company declared April 2026 distributions, payable on or about 5/22/26:
April March Gross Dist: $0.0435 $0.0435 Record Date: 4/30/26
COTTONWOOD COMMUNITIES, INC.
4/29/2026 8-K
The Company issued and sold shares of its 9/19/23 offering of Series A convertible preferred stock for aggregate proceeds of $2.7M.
EQT EXETER REAL ESTATE INCOME TRUST, INC.
4/24/2026 424B3
The Company filed an updated prospectus for its offering of Class D, I, S, and T shares.
4/30/2026 8-K
The Company declared April 2026 distributions, payable on or about 5/11/26:
April March Gross Dist: $0.04326 $0.04326 Record Date: 4/30/26
FS CREDIT REAL ESTATE INCOME TRUST, INC.
4/30/2026 8-K
A subsidiary of the Company amended its master repurchase agreement to extend the availability period from 4/16/27 to 4/17/28.
INVESCO REAL ESTATE INCOME TRUST INC.
4/30/2026 8-K
The Company declared April 2026 distributions, payable on or about 5/11/26:
April March Gross Dist: $0.1380 $0.1395 Record Date: 4/30/26
IPC ALTERNATIVE REAL ESTATE INCOME TRUST, INC.
4/24/2026 424B3
The Company filed a prospectus supplement to disclose the pending consolidation of its Operating Partnership, expected to be effective 5/1/26, and to provide pro forma financial information reflecting the impact of such consolidation on the Company’s financial statements.
4/29/2026 8-K
The Company declared April 2026 distributions, payable on or about 5/5/26:
April March Gross Dist: $0.1042 $0.1042 Record Date: 4/30/26
J.P. MORGAN REAL ESTATE INCOME TRUST, INC.
4/30/2026 8-K
The Company declared April 2026 distributions, payable on or about 5/5/26:
April March Gross Dist: $0.0423 $0.0422 Record Date: 4/30/26
STARWOOD REAL ESTATE INCOME TRUST, INC.
4/30/2026 8-K
The Company declared April 2026 distributions, payable on or about 5/5/26:
April March Gross Dist: $0.0770 $0.1035 Record Date: 4/30/26
STRATCAP DIGITAL INFRASTRUCTURE REIT, INC.
4/30/2026 424B3
The Company reported its March 2026 NAV per share:
March February Class A: $9.7588 $9.8825 Class AX: $9.7442 $9.8677 Class I: $9.7882 $9.9110 Class IX: $9.7501 $9.8774 Class T: $9.8285 $9.9443 Class P Units: $9.8437 $9.9636 Class PX Units: $9.8409 $9.9598
Private Placement REITs
BLACKROCK MONTICELLO DEBT REAL ESTATE INVESTMENT TRUST
4/30/2026 8-K
The Company declared April 2026 distributions, payable on or about 5/20/26:
April March Gross Dist: $0.1927 $0.1927 Record Date: 4/30/26
CNL STRATEGIC RESIDENTIAL CREDIT, INC.
4/28/2026 8-K
The Company reported its March 2026 NAV per share:
March February Class FA: $24.76 $24.62 Class E: $24.94 $24.72
The Company declared May 2026 distributions, payable on or about 5/27/26:
May April Gross Dist: $0.166667 $0.166667 Record Date: 5/26/26
EXCHANGERIGHT INCOME FUND
4/28/2026 8-K
The Company reported its March 2026 NAV per share:
March 2026 December 2025 All Classes: $27.58 $27.46
The Company declared March 2026 distributions, payable on or about 4/15/26:
March February Gross Dist: $0.1449 $0.1449 Record Date: 3/31/26
FIDELITY CORE REAL ESTATE FUND
4/28/2026 10-12G
Type: Private Placement REIT
Primary: $750M - Common Shares
The Company filed its initial prospectus. The fund intends to invest in a diversified range of stabilized, income-generating real estate assets, with a focus on industrial, residential, office, and retail properties.
INVESCO COMMERCIAL REAL ESTATE FINANCE TRUST, INC.
4/30/2026 8-K
The Company declared April 2026 distributions, payable on or about 5/13/26:
April March Gross Dist: $0.1600 $0.1600 Record Date: 4/30/26
LODGING FUND REIT III, INC.
4/28/2026 8-K Press Release
The Company issued a press release announcing that the Special Committee of its Board has retained Piper Sandler & Co. to serve as its financial advisor in connection with the Special Committee’s exploration and evaluation of potential strategic alternatives available to the Company.
NEW MOUNTAIN NET LEASE TRUST
4/30/2026 8-K
The Company declared April 2026 distributions, payable on or about 5/8/26:
April March Gross Dist: $0.1546 $0.1546 Record Date: 4/30/26
PRINCIPAL CREDIT REAL ESTATE INCOME TRUST
4/30/2026 8-K
The Company declared April 2026 distributions, payable on or about 5/20/26:
April March Gross Dist: $0.1350 $0.1350 Record Date: 4/30/26
STARWOOD CREDIT REAL ESTATE INCOME TRUST
4/30/2026 8-K
The Company declared April 2026 distributions, payable on or about 5/5/26:
April March Gross Dist: $0.1560 $0.1560 Record Date: 4/30/26
Closed-End Funds
A&Q LONG/SHORT STRATEGIES FUND LLC (TENDER OFFER FUND)
4/30/2026 N-2
Type: Tender Offer Fund
Primary: Unlimited - LLC Interests
The Company filed an updated prospectus. The fund invests in a portfolio of investment funds that primarily employ equity hedged strategies.
AIP ALTERNATIVE LENDING FUND A (TENDER OFFER FUND)
4/29/2026 424B3
The Company temporarily suspended its offering following a decline in NAV from approximately $1.15B on 1/28/26 to approximately $1.01B as of 4/27/26, exceeding the 10% threshold under Form N-2, primarily due to share repurchases, and recommenced the offering on 4/28/26, allowing subscriptions to resume as normal.
AOG INSTITUTIONAL FUND (INTERVAL FUND)
4/30/2026 424B3
The Company amended the sections of its SAI regarding trustees and officers of the Company.
COATUE INNOVATIVE STRATEGIES FUND (TENDER OFFER FUND)
4/30/2026 N-2
Type: Tender Offer Fund
Primary: Unlimited - Class D, I, and S Shares
The Company filed an updated prospectus. The fund invests in companies operating and investing in the technology, media and telecommunications sectors and/or other sectors disrupted by innovation.
COLLER SECONDARIES PRIVATE EQUITY OPPORTUNITIES FUND (TENDER OFFER FUND)
4/29/2026 424B3
The Company reported that effective 5/1/26, François Aguerre will no longer serve as a portfolio manager of the Fund.
DIAMETER DYNAMIC CREDIT FUND (INTERVAL FUND)
4/27/2026 424B3
The Company filed an updated prospectus for its offering of Class A and I Shares.
DIAMOND HILL SECURITIZED CREDIT FUND (INTERVAL FUND)
4/24/2026 424B3
The Company reported that on 4/22/26, First Eagle Investment Management, LLC completed its previously announced acquisition of Diamond Hill Investment Group, Inc., the parent of the Adviser. In connection, at a special meeting of shareholders of the Fund held on 4/17/26, shareholders approved a new investment management agreement and elected nine new trustees to serve on the Board.
FLAT ROCK CORE INCOME FUND (INTERVAL FUND)
4/29/2026 424B3
The Company filed an updated prospectus for its offering of Common Shares.
FLAT ROCK OPPORTUNITY FUND (INTERVAL FUND)
4/29/2026 424B3
The Company filed an updated prospectus for its offering of Common Shares.
GLOBAL X VENTURE & INNOVATION FUND (INTERVAL FUND)
4/28/2026 N-2/A
Type: Interval Fund
Primary: Unlimited - Class A, S, U, and I Shares
The Company filed an amended prospectus. The fund intends to invest primarily in domestic and foreign equity securities, including common stocks, preferred stocks, partnership interests, securities convertible into any of the foregoing, and other equity investments or ownership interests in private companies that the Advisers believe are poised to experience high growth.
JPMORGAN TAX AWARE OPPORTUNITIES FUND (INTERVAL FUND)
4/29/2026 N-2
Type: Interval Fund
Primary: Unlimited - Class A, I, and S Shares
The Company filed its initial prospectus. The fund intends to invest in municipal securities.
LOOMIS SAYLES CREDIT INCOME OPPORTUNITIES FUND (INTERVAL FUND)
4/28/2026 N-2/A
Type: Interval Fund
Primary: Unlimited - Institutional Class and Class A Shares
The Company filed an amended prospectus. 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.
MEGACORN FUND (INTERVAL FUND)
4/29/2026 N-2/A
Type: Interval Fund
Primary: Unlimited - Institutional and Advisor Shares
The Company filed an amended prospectus. The fund intends to invest in portfolio companies and SPVs or forward contracts that seek to provide exposure to private growth companies primarily comprising of the Forge Accuidity Private Market Index.
MORGAN STANLEY PRIVATE MARKETS & ALTERNATIVES FUND (TENDER OFFER FUND)
4/24/2026 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 including private equity, private credit, and real assets.
RBC BLUEBAY ENHANCED INCOME FUND (INTERVAL FUND)
4/28/2026 N-2/A
Type: Interval Fund
Primary: Unlimited - Class A, I, and T Shares
The Company filed an amended prospectus. The fund intends to invest primarily in equity and debt tranches of CLOs issued in the U.S. or European markets that are collateralized by a portfolio consisting primarily of below investment grade senior secured loans with a large number of distinct underlying borrowers across various industry sectors.
SAVVLY FUND #3 (TENDER OFFER FUND)
4/27/2026 N-2/A
Type: Tender Offer Fund
Primary: Unlimited - Class S, D, and I 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.
VARIANT ALTERNATIVE INCOME FUND (INTERVAL FUND)
4/29/2026 424B3
The Company amended the “Conflicts Of Interest” sections of its prospectus.
VARIANT ALTERNATIVE LENDING FUND (TENDER OFFER FUND)
4/29/2026 424B3
The Company amended the “Conflicts Of Interest” sections of its prospectus.
VARIANT IMPACT FUND (INTERVAL FUND)
4/29/2026 424B3
The Company amended the “Conflicts Of Interest” sections of its prospectus.
Lifecycle REITs
INPOINT COMMERCIAL REAL ESTATE INCOME, INC.
4/29/2026 8-K
The Company declared April 2026 distributions, payable on or about 5/19/26:
April March Gross Dist: $0.1042 $0.1042 Record Date: 4/30/26
PROCACCIANTI HOTEL REIT, INC.
4/28/2026 8-K
The Company authorized the payment of Q1 2026 distributions for Class K and K-I shares and Class K OP Units reflecting accrual rates of 7% per annum (same as Q4 2025).
Other Alts
AB PRIVATE CREDIT INVESTORS CORP (PRIVATE PLACEMENT BDC)
4/27/2026 8-K
The Company amended its revolving credit facility to increase facility sublimit from $35M to $42M.
BLACKSTONE PRIVATE REAL ESTATE CREDIT & INCOME FUND (PRIVATE PLACEMENT BDC)
4/28/2026 8-K
The Company entered into a revolving credit facility with Wells Fargo Bank, N.A. for an initial aggregate principal amount of up to $150M, with an accordion feature that provides the ability to increase total aggregate commitments to an amount not to exceed the greater of $160M and 20% of NAV.
CNL STRATEGIC CAPITAL, LLC (OTHER)
4/24/2026 8-K 424B3
The Company reported its March 2026 NAV per share:
March February Class FA: $43.58 $43.20 Class A: $38.61 $38.37 Class T: $38.54 $38.29 Class D: $38.33 $38.09 Class I: $39.03 $38.79 Class S: $44.07 $43.71
The Company declared May 2026 distributions, payable on 5/27/26:
May April Gross Dist: $0.104167 $0.104167 Record Date: 5/26/26
DIAMETER CREDIT CO (PRIVATE PLACEMENT BDC)
4/30/2026 8-K
The Company completed a $412.6M term debt securitization.
PHILLIP STREET BDC LLC (PRIVATE PLACEMENT BDC)
4/30/2026 8-K
The Company changed its name from “Phillip Street Middle Market Lending Fund LLC” to “Phillip Street BDC LLC”.
