Volume XV No. 42 | Friday, October 16, 2026
Breaking News
NEW MOUNTAIN NET LEASE TRUST (PRIVATE PLACEMENT REIT)
10/16/2026 8-K
The Company entered into a purchase agreement with New Mountain Net Lease Partners II, L.P. to acquire a portfolio of 180 industrial net-leased properties totaling over 18 million square feet for approximately $2.4B. The transaction is expected to be financed through cash on hand, the assumption of approximately $1.3B in existing mortgage debt, new borrowings, and the issuance of shares to certain NMNL II investors. The transaction is expected to close around 1/1/27, subject to customary closing conditions.
Press Room
Credit Interval Fund Redemptions Echo BDCs as PE/VC Strategies Lead Performance and Sales (10/15/2026)
Stanger has published its Q3 2026 edition of The Stanger Closed-End Fund Report. The issue points to a shift in where investor capital is flowing, with redemptions absorbing a growing share of credit fund sales while private equity and venture capital strategies are leading in both fundraising and performance. Non-listed closed-end funds reached $279 billion in aggregate net asset value in Q3 2026, a 6.7% quarter-over-quarter increase. Tender offer funds grew 9.7% to $136.6 billion, outpacing interval funds, which increased 3.9% to $142.0 billion. The gap reflects where capital is moving: private equity and venture capital funds account for 52.7% of tender offer fund NAV, while credit-focused funds represent 59.6% of interval fund NAV. The Q3 report also provides the first update to Stanger’s fund-level redemption data for the 25 largest credit interval funds. “Credit interval funds are showing some of the same liquidity pressures we have tracked in non-listed BDCs,” said Kevin T. Gannon, Chairman & CEO of Stanger. “Sponsors continue to return substantial capital, but with new fundraising slowing, redemptions are absorbing a much greater share of sales. Unlike NAV BDCs, however, the category remains positive in net sales.”
The above is an abbreviated version of an official Stanger press release. View the Full Press Release →
Weekly Highlights
EQT AB & STOCKBRIDGE (ALTERNATIVE ASSET MANAGERS)
10/15/2026 Article
The Companies entered into an agreement under which EQT AB will acquire Stockbridge for $375M in cash, with up to an additional $175M in potential earnout payments. Stockbridge has approximately $16.5B in fee-generating assets under management and will become part of EQT Real Estate following the acquisition. The transaction is expected to close in Q1’27, subject to customary closing conditions, including investor consents.
STEELE CREEK CAPITAL CORP (PRIVATE PLACEMENT BDC)
10/14/2026 8-K
The Company held a special meeting at which shareholders approved the liquidation and dissolution of the Company and authorized the Board to withdraw the Company’s election to be regulated as a BDC.
Current Reports
BDCs
BLUE OWL CREDIT INCOME CORP.
10/9/2026 424B3
The Company amended the "Suitability Standards" and "Risk Factors" sections of its prospectus.
CRESCENT PRIVATE CREDIT INCOME CORP
10/13/2026 8-K
The Company reported the resignation of Kirill Bouek as CFO and the appointment of Gerhard Lombard as interim CFO, effective 10/7/26. Mr. Bouek’s decision to resign was not the result of any disagreement with the Company.
NEXPOINT CAPITAL, INC.
10/13/2026 8-K
The Company reported its new NAV per share:
9/30/26 9/22/26 All Classes: $4.44 $4.64
The Company declared Q3 2026 distributions, payable on or about 10/13/26:
Q3 2026 Q2 2026 Gross Dist: $0.09 $0.09 Record Date: 9/30/26
T. ROWE PRICE OHA SELECT PRIVATE CREDIT FUND
10/13/2026 8-K
The Company held its annual meeting at which shareholders elected five trustees and ratified the selection of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending 12/31/26.
NAV REITs
BLACKSTONE REAL ESTATE INCOME TRUST, INC.
10/15/2026 8-K
The Company disclosed the sale of unregistered Class C shares for an aggregate consideration of $10.3M.
CANTOR FITZGERALD INCOME TRUST, INC.
10/15/2026 424B3
The Company reported its September 2026 NAV per share (table below) and announced it satisfied 27.0% of September 2026 repurchase requests (52.3% in August).
September August Class AX: $21.02 $20.78 Class IX: $21.02 $20.78 Class I: $21.02 $20.78 Class TX: $21.00 $20.76 Class T: $21.00 $20.77 Class D: $21.01 $20.78 Class S: $21.00 $20.77 Class I OP Units: $21.02 $20.78 Class T OP Units: $21.01 $20.77
COHEN & STEERS INCOME OPPORTUNITIES REIT, INC.
10/13/2026 8-K Press Release 424B3
The Company reported its September 2026 NAV per share (table below) and issued a press release regarding the acquisition of a community shopping center in the Rock Hill, South Carolina submarket of Charlotte, North Carolina.
September August Class I: $12.24 $12.23 Class F-I: $12.08 $12.03 Class P: $12.84 $12.77 Class B: $12.23 $12.17 Class R-I: $12.23 $12.17 Class R-S: $12.17 $12.13 Class M-I: $12.11 $12.06
IPC ALTERNATIVE REAL ESTATE INCOME TRUST, INC.
10/15/2026 424B3
The Company reported its September 2026 NAV per share (table below) and provided a portfolio overview as of 9/30/26.
September August Class T: $23.7752 $23.4153 Class D: $23.7455 $23.3851 Class I: $23.7121 $23.3520 Class A: $24.0665 $23.6863 Class X-1: $23.6346 $23.2727
JLL INCOME PROPERTY TRUST, INC.
10/13/2026 8-K Press Release
The Company issued a press release declaring October 2026 distributions, payable on or around 10/27/26:
October September Gross Dist: $0.0525 $0.0525 Record Date: 10/22/26
J.P. MORGAN REAL ESTATE INCOME TRUST, INC.
10/14/2026 424B3
The Company reported its September 2026 NAV per share (table below) and reported its acquisition of a 257,779 square foot grocery-anchored neighborhood retail center in the Philadelphia, Pennsylvania Metropolitan Statistical Area for $60M, excluding closing costs.
September August Class D: $10.56 $10.56 Class I: $10.61 $10.61 Class E: $11.56 $11.56 Class Y: $11.32 $11.32 Class T: $11.50 $11.51 OP Units: $11.56 $11.56
Private Placement REITs
ARES INDUSTRIAL REAL ESTATE INCOME TRUST INC.
10/15/2026 8-K
The Company reported its September 2026 NAV per share:
September August All Classes: $13.3993 $13.3703
The Company declared September 2026 distributions:
September August Gross Dist: $0.0550 $0.0550 Record Date: 9/30/26
ARES REAL ESTATE INCOME TRUST INC.
10/15/2026 8-K
The Company reported its September 2026 NAV per share:
September August All Classes: $8.2841 $8.2769
The Company declared September 2026 distributions:
September August Gross Dist: $0.03583 $0.03583 Record Date: 9/30/26
EXCHANGERIGHT INCOME FUND
10/14/2026 8-K
The Company reported that ExchangeRight has appointed Timothy Williams to serve as Chief Administrative Officer, effective 10/7/26.
FORTRESS NET LEASE REIT
10/13/2026 8-K
The Company exercised its second extension option under its credit agreement, extending the maturity date of its term loan and revolving credit facilities from 10/16/26 to 10/15/27.
FRANKLIN BSP REAL ESTATE DEBT, INC.
10/15/2026 8-K
The Company declared September 2026 distributions, paid on 10/14/26:
September August Gross Dist: $0.1900 $0.1900 Record Date: 9/29/26
RITHM PERPETUAL LIFE RESIDENTIAL TRUST
10/15/2026 8-K
The Company reported its September 2026 NAV per share:
September August Class J: $20.1472 $20.1448 Class E: $20.3299 $20.3053
SCULPTOR DIVERSIFIED REAL ESTATE INCOME TRUST, INC.
10/9/2026 8-K
The Company declared September 2026 distributions, payable on or about 10/12/26 (table below), and disclosed the sale of unregistered Class E, AA, and I-S shares for gross proceeds of approximately $55.5M.
September August Gross Dist: $0.0664 $0.0671 Record Date: 9/30/26
10/15/2026 8-K
The Company reported its September 2026 NAV per share:
September August Class E: $11.7443 $11.6694 Class F: $11.4159 $11.3487 Class FF: $11.2669 $11.2021 Class AA: $11.1555 $11.0903 Class A: $11.0471 $10.9872 Class I-S: $11.0166 $10.9170 OP Units: $11.7443 $11.6694
Closed-End Funds
CANTOR FITZGERALD ENERGY FUND (INTERVAL FUND)
10/15/2026 N-2/A
Type: Interval Fund
Primary: Unlimited - Class A, C, I, and S Shares
The Company filed an amended prospectus. The fund intends to invest in energy-related assets located in the continental United States.
CAPITAL GROUP KKR U.S. EQUITY (PLUS) (INTERVAL FUND)
10/15/2026 424B3
The Company amended its SAI to clarify when service fees to investment dealers begin accruing for Class A, A-2, and A-3 shares, including provisions for certain purchases at NAV.
CHURCHILL DIRECT LENDING FUND (TENDER OFFER FUND)
10/14/2026 N-2
Type: Tender Offer Fund
Primary: Unlimited - Class I Shares
The Company filed its initial prospectus. The fund intends to invest in first-lien senior secured debt and first-out positions in unitranche loans, as well as junior debt investments, such as second-lien loans, unsecured debt, subordinated debt and last-out positions in unitranche loans.
ELLINGTON INCOME OPPORTUNITIES FUND (INTERVAL FUND)
10/13/2026 424B3
The Company reported that Ellington Global Asset Management LLC ceased serving as Sub-Adviser and Laurence E. Penn resigned from the Board, effective 10/9/26. Princeton Fund Advisors, LLC will continue serving as Adviser throughout the remainder of the Company’s liquidation.
FUNDRISE INNOVATION FUND II, LLC (TENDER OFFER FUND)
10/13/2026 N-2/A
Type: Tender Offer Fund
Primary: $1B - Common Shares
The Company filed an amended prospectus. The fund intends to invest in private and public innovation 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 innovation companies.
INVESCO PRIVATE ASSET-BASED CREDIT FUND (INTERVAL FUND)
10/14/2026 POS AMI
Type: Interval Fund
Primary: Unlimited - Class P-X and P-F Shares
The Company's offering went effective. The fund intends to invest in private asset-based finance investments and derivatives that provide investment exposure to such asset-based finance investments and/or to one or more of the market risk factors associated with such asset-based finance investments.
NUVEEN ENHANCED CREDIT INCOME FUND (INTERVAL FUND)
10/14/2026 N-2
Type: Interval Fund
Primary: Unlimited - Class A1, A2, and I Shares
The Company filed its initial prospectus. The fund intends to invest in public and private credit and credit-related instruments across multiple credit sectors.
NUVEEN ENHANCED STRATEGIC INCOME FUND (INTERVAL FUND)
10/14/2026 N-2
Type: Interval Fund
Primary: Unlimited - Class A1, A2, and I Shares
The Company filed its initial prospectus. The fund intends to invest in public and private credit and credit-related instruments across multiple credit sectors.
VANECK PRIVATE GROWTH FUND (TENDER OFFER FUND)
10/9/2026 N-2
Type: Tender Offer Fund
Primary: Unlimited - Class I and S Shares
The Company filed its initial prospectus. The fund intends to invest either directly or indirectly, in securities of companies considered to be growth companies.
Lifecycle REITs
INPOINT COMMERCIAL REAL ESTATE INCOME, INC.
10/15/2026 8-K
The Company reported its September 2026 NAV per share:
September August Class P: $13.4722 $13.6758 Class A: $13.5207 $13.7250 Class T: $13.6719 $13.8766 Class D: $13.5597 $13.7632 Class I: $13.5226 $13.7269
Other Alts
MSD INVESTMENT CORP. (PRIVATE PLACEMENT BDC)
10/15/2026 8-K
The Company entered into a supplemental indenture related to the issuance of $350M of its 6.875% notes due 2029. The transaction closed on 10/15/26 and the notes will mature on 10/15/29.
SILVER POINT PRIVATE CREDIT FUND (PRIVATE PLACEMENT BDC)
10/15/2026 8-K
The Company entered into a new sub-administration agreement with HS Financial Technologies Corporation, effective 1/1/27, replacing U.S. Bancorp Fund Services, LLC, whose agreement will terminate on 12/31/26.
SILVER POINT SPECIALTY LENDING FUND (PRIVATE PLACEMENT BDC)
10/15/2026 8-K
The Company entered into a new sub-administration agreement with HS Financial Technologies Corporation, effective 1/1/27, replacing U.S. Bancorp Fund Services, LLC, whose agreement will terminate on 12/31/26.
