Volume XV No. 41 | Friday, October 9, 2026
Weekly Highlights
BC PARTNERS LENDING CORP (PRIVATE PLACEMENT BDC)
10/2/2026 8-K Press Release
The Company completed its previously announced all-stock acquisition of Alternative Credit Income Fund (Interval Fund). The combined company has a net asset value in excess of $223M.
Current Reports
BDCs
ARES STRATEGIC INCOME FUND
10/2/2026 8-K 424B3
The Board recommended that shareholders reject an unsolicited mini-tender offer by Cox Capital Partners and certain affiliates to purchase up to 431,965 Class I shares at $23.15 per share, approximately 13% below the 8/31/26 NAV per share. The Company also amended the “Suitability Standards” section of its prospectus and its subscription agreement, including requirements for Washington investors.
BAIN CAPITAL PRIVATE CREDIT
10/8/2026 8-K
The Company entered into a supplemental indenture related to the issuance of $350M of its 7.600% notes due 2031. The transaction closed on 10/8/26 and the notes will mature on 10/8/31.
FIRST EAGLE PRIVATE CREDIT FUND
10/5/2026 8-K
A subsidiary of the Company amended its loan and servicing agreement with Morgan Stanley Senior Funding, Inc. to reduce revolving and amortization margins from 2.55% and 3.05% to 2.25% and 2.75%, respectively, extend the commitment termination date to 10/1/27 and maturity to 10/1/29, and reduce the unused fee from 0.60% to 0.50%.
JOHN HANCOCK COMVEST PRIVATE INCOME FUND
10/5/2026 8-K
The Company reported its August 2026 NAV per share (table below) and assumed Manulife Private Credit Fund’s obligations under its loan and security agreement with JPMorgan Chase Bank, National Association in connection with its acquisition of Manulife Private Credit Fund.
August July Class I: $25.11 $25.06
The Company declared September 2026 distributions, payable on or about 10/23/26:
September August Gross Dist: $0.1807 $0.1871 Record Date: 9/29/26
TPG TWIN BROOK CAPITAL INCOME FUND
10/2/2026 8-K
A subsidiary of the Company entered into a warehouse credit facility with Sumitomo Mitsui Banking Corporation providing $362.5M in initial senior loan commitments. The Company also amended its SMBC revolving credit facility to increase commitments from $975M to $1.075B, extend the commitment termination date from 10/1/29 to 9/27/30 and maturity from 10/1/30 to 9/29/31, and revise its net worth and minimum shareholders’ equity covenants.
NAV REITs
BLACKSTONE REAL ESTATE INCOME TRUST, INC.
10/5/2026 8-K
The Company disclosed the sale of unregistered Class S-2 shares for aggregate consideration of approximately $21.6M.
CANTOR FITZGERALD INCOME TRUST, INC.
10/2/2026 8-K
The Company declared a quarterly dividend on its 9.50% Series A Cumulative Redeemable Preferred Stock (NYSE: CFTR-PRA), payable on 11/2/26:
Q3 2026 Q2 2026 Series A: $0.59375 $0.73889 Record Date: 10/15/26
10/6/2026 8-K
The Company declared September 2026 distributions payable on or about 10/6/26:
September August Gross Dist: $0.083712 $0.086503 Record Date: 9/30/26
COHEN & STEERS INCOME OPPORTUNITIES REIT, INC.
10/6/2026 8-K
The Company disclosed the sale of unregistered Class B, R-I, R-S, and M-I common shares for aggregate consideration of $16.6M.
COTTONWOOD COMMUNITIES, INC.
10/6/2026 8-K
The Company issued and sold shares of its 9/19/23 offering of Series A convertible preferred stock for aggregate proceeds of $2.1M.
EQT EXETER REAL ESTATE INCOME TRUST, INC.
10/2/2026 8-K
The Company reported that J. Peter Lloyd resigned as CFO and a director, effective 9/30/26. Mr. Lloyd’s resignation is not a result of any disagreement with the Company. In connection, the Company appointed Danielle Domzalski as interim Principal Financial Officer and Jake Sauerteig as a director, effective 10/1/26.
10/7/2026 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 approximately $1.87M.
HINES GLOBAL INCOME TRUST, INC.
10/2/2026 8-K Press Release
The Company reported that Jeffrey C. Hines will resign as CEO, Board Chair, and a director, with Laura Hines-Pierce succeeding him as CEO and Board Chair and Adam Hines joining the Board, effective 1/1/27. At the Sponsor, Adam Hines will become Co-CEO alongside Laura Hines-Pierce, David Steinbach will become President, Alfonso Munk will become Global CIO, and Jeff Hines will become Chairman. Effective the same date, Jeff, Laura, and Adam will share control of the Adviser.
10/6/2026 8-K Press Release
The Company issued a press release announcing its acquisitions of Castings Commerce Center, an 862,000-square-foot industrial property in Columbus, Ohio, for $117.0M; 99 West Paces, a 380,700-square-foot residential property in Atlanta, Georgia, for $237.8M; and Bishop Arts Portfolio, a 487,000-square-foot residential and retail property in Dallas, Texas, for $170.5M.
IPC ALTERNATIVE REAL ESTATE INCOME TRUST, INC.
10/2/2026 424B3
The Company’s Operating Partnership acquired two self-storage properties in Pleasant Prairie and West Bend, Wisconsin for approximately $34.3M, comprising 1,492 climate-controlled storage units and 175,725 square feet.
JLL INCOME PROPERTY TRUST, INC.
10/2/2026 424B3
The Company reported its September 2026 daily NAV per share (table below) and disclosed that is satisfied 100% of redemption requests in Q3 2026 for a total of ~$75M.
Sep. 30 Aug. 31 Class A: $11.27 $11.25 Class M: $11.28 $11.27 Class A-I: $11.30 $11.28 Class M-I: $11.28 $11.26
10/8/2026 8-K Press Release
The Company issued a press release announcing that it closed a $68.5M mortgage loan secured by Whitestown Distribution Center IV, a Class A distribution center totaling approximately 1.1 million square feet in the Northwest submarket of Indianapolis in Whitestown, IN. The loan has a seven-year term with an interest rate of 5.54%.
Private Placement REITs
ARES INDUSTRIAL REAL ESTATE INCOME TRUST INC.
10/7/2026 8-K
The Company disclosed the sale of unregistered Class D-PR, I-PR, and S-PR shares from 8/3/26 - 10/1/26 for gross proceeds of approximately $39.1M.
ARES REAL ESTATE INCOME TRUST INC.
10/7/2026 8-K
The Company disclosed the sale of unregistered Class I-PR and S-PR shares for gross proceeds of approximately $23.4M.
BLACKROCK MONTICELLO DEBT REAL ESTATE INVESTMENT TRUST
10/5/2026 8-K
The Company disclosed the sale of unregistered Class F-I and F-S shares for aggregate consideration of $35.7M.
BLUE OWL REAL ESTATE NET LEASE TRUST
10/5/2026 8-K
The Company declared September 2026 distributions, payable on or about 10/19/26 (table below), and disclosed the sale of unregistered Class S, N, and I common shares for gross proceeds of approximately $152.9M.
September August Gross Dist: $0.0625 $0.0625 Record Date: 9/30/26
EXCHANGERIGHT INCOME FUND
10/6/2026 8-K 8-K
The Company amended its Operating Partnership agreement to create new Class T Common Units to facilitate the acquisition of a net-leased property. The Class T Common Units provide for fixed annual distributions of $1.650691 per unit, paid monthly, and generally convert 1:1 into Class D Common Units upon certain liquidity events. Additionally, the Company disclosed the sale of unregistered Class D common shares for gross proceeds of $0.5M.
10/7/2026 8-K
The Company amended its Operating Partnership agreement to create two new series of NLP Common Units, designated NLP 51 and NLP 53, to facilitate the acquisition of net-leased DST portfolios through the issuance of units as consideration. The new series have discretionary distribution rights but no conversion or redemption rights, unless redemption rights are subsequently granted by the Company.
FIDELITY CORE REAL ESTATE FUND
10/6/2026 8-K
The Company disclosed the sale of unregistered Class I common shares for aggregate purchase prices of $9.8M and $14.6M on 9/1/26 and 10/1/26, respectively.
FORTRESS CREDIT REALTY INCOME TRUST
10/6/2026 8-K 8-K
The Company declared September 2026 distributions, payable on or about 10/1/26 (table below), and disclosed the sale of unregistered common shares for gross proceeds of approximately $16.1M. Additionally, a subsidiary of the Company entered into a master repurchase agreement with Capital One, National Association, providing $400M of initial financing capacity and an additional $350M subject to approval and other conditions.
September August Gross Dist: $0.1540 $0.1542 Record Date: 9/30/26
FORTRESS NET LEASE REIT
10/2/2026 8-K
The Company and its Operating Partnership entered into a joinder agreement adding Associated Bank, National Association as a lender and increasing aggregate credit facilities from $1.95B to $1.98B, comprising an increase in the revolving facility from $1.585B to $1.6B and the term loan facility from $365M to $380M, effective 9/29/26.
10/6/2026 8-K
The Company declared September 2026 distributions, payable on or about 10/1/26 (table below), and disclosed the sale of unregistered common shares for gross proceeds of approximately $94.8M.
September August Gross Dist: $0.0743 $0.0739 Record Date: 9/30/26
FRANKLIN BSP REAL ESTATE DEBT, INC.
10/5/2026 8-K
The Company disclosed the sale of unregistered Class G, G-S, E, and I common stock for aggregate consideration of $9.2M.
GOLDMAN SACHS REAL ESTATE FINANCE TRUST INC
10/7/2026 8-K
The Company declared September 2026 distributions (table below), payable on or about 10/10/26, and disclosed the sale of unregistered Class I and S common shares for gross proceeds of $5.3M.
September August Gross Dist: $0.1660 $0.1660 Record Date: 9/30/26
INVESCO COMMERCIAL REAL ESTATE FINANCE TRUST, INC.
10/7/2026 8-K
The Company disclosed the sale of unregistered Class S-1 and I common stock for aggregate consideration of $28.7M.
NEW MOUNTAIN NET LEASE TRUST
10/7/2026 8-K
The Company disclosed the sale of unregistered Class F and I common shares for aggregate consideration of approximately $29.3M.
NORTH HAVEN NET REIT
10/7/2026 8-K
The Company disclosed the sale of unregistered Class S, F-I, I, and E common shares for aggregate consideration of approximately $59.6M.
PRINCIPAL CREDIT REAL ESTATE INCOME TRUST
10/6/2026 8-K
The Company disclosed the sale of unregistered Class A shares to anchor investors and an unaffiliated life insurance company for an aggregate purchase price of $7M and disclosed the sale of unregistered Class I, F-S, F-I, and E shares for an aggregate purchase price of $5.9M.
RITHM PERPETUAL LIFE RESIDENTIAL TRUST
10/6/2026 8-K
The Company declared September 2026 distributions, payable on or about 10/20/26 (table below), and disclosed the sale of unregistered Class J common shares for aggregate consideration of approximately $1.5M.
September August Gross Dist: $0.1700 $0.1700 Record Date: 9/30/26
Closed-End Funds
ARDIAN ACCESS LLC (TENDER OFFER FUND)
10/2/2026 424B3
The Company entered into a $100M secured revolving credit facility with Investec Bank PLC and Canadian Imperial Bank of Commerce, effective 10/1/26.
ARES PRIVATE MARKETS FUND (TENDER OFFER FUND)
10/2/2026 424B3
The Company filed an updated prospectus for its offering of Class A, D, and I shares.
CALAMOS AKSIA PRIVATE EQUITY & ALTERNATIVES FUND (INTERVAL FUND)
10/6/2026 424B3
The Company updated the “Calamos Aksia Private Equity LP’s Performance” table in its prospectus to reflect returns through 8/31/26.
CION ARES DIVERSIFIED CREDIT FUND (INTERVAL FUND)
10/2/2026 424B3
The Company entered into an agreement to issue 4,000,000 Series M and 2,000,000 Series N mandatory redeemable preferred shares with a $25.00 liquidation preference per share, and closed the Series M issuance on 10/2/26 for $100M in gross proceeds. The Series N closing is expected no later than 12/2/26, subject to customary closing conditions, bringing anticipated total gross proceeds to $150M.
CLEARLAKE PRIVATE MARKETS FUND (INTERVAL FUND)
10/2/2026 N-2/A
Type: Interval Fund
Primary: Unlimited - Class A, I, and S Shares
The Company filed an amended prospectus. The fund intends to invest in private equity funds and continuation vehicles through bespoke, privately negotiated transactions.
EVERGREEN FIXED INCOME FUND (INTERVAL FUND)
10/6/2026 N-2
Type: Interval Fund
Primary: Unlimited - Class I Shares
The Company filed its initial prospectus. The fund intends to invest in subordinated notes backed by commercial real estate loans, short duration bond funds and exchanged traded funds, investment-grade corporate bonds, and money market funds.
FLAT ROCK OPPORTUNITY FUND (INTERVAL FUND)
10/6/2026 424B3
The Company amended its prospectus to disclose a $100M repurchase financing facility with Nomura Securities International, Inc., with an initial 24-month term and interest at three-month Term SOFR, subject to a zero floor, plus 3.05%.
G-X VENTURE CAPITAL & GROWTH (TENDER OFFER FUND)
10/8/2026 N-2
Type: Tender Offer Fund
Primary: Unlimited - Class D, I, and S Shares
The Company filed its initial prospectus. The fund intends to invest in venture capital assets and growth investments across secondary investments, continuation vehicles, and co-investments.
INSTITUTIONAL INVESTMENT STRATEGY FUND (INTERVAL FUND)
10/2/2026 424B3
The Company increased the minimum initial investment for Founder Class shares from $10,000 to $25,000, effective 11/1/26.
SEI CARLYLE PRIVATE MARKETS FUND (INTERVAL FUND)
10/7/2026 N-2/A
Type: Interval Fund
Primary: Unlimited - Class I Shares
The Company filed an amended prospectus. The fund intends to invest primarily in private market instruments through underlying funds managed, sponsored, or advised by Carlyle and SEI, along with select direct and co-investments.
VARIANT IMPACT FUND (INTERVAL FUND)
10/2/2026 424B3
The Company amended its prospectus and SAI to increase the Institutional Class expense limit from 1.75% to 2.00% of average daily net assets, subject to specified exclusions, effective 10/2/26, under an agreement continuing through 10/1/27 with automatic annual renewals and a three-year recoupment period subject to the applicable limits. The supplement also set the Institutional Class minimum initial investment at $1,000.
Lifecycle REITs
STRATCAP DIGITAL INFRASTRUCTURE REIT, INC.
10/2/2026 8-K
The Company reported that Chris Flynn resigned as Chief Investment Officer – Data Centers of its Adviser and Sponsor and as a member of the Sponsor’s investment committee, effective 9/30/26. Mr. Flynn's resignation is not the result of any disagreement with the Company and he will provide transaction-related advisory services for specified assets under a consulting agreement with StratCap, LLC from 10/1/26 through 6/30/27, unless terminated earlier.
Other Alts
BC PARTNERS LENDING CORP (PRIVATE PLACEMENT BDC)
10/2/2026 8-K
A subsidiary of the Company amended its revolving credit facility with Deutsche Bank AG, New York Branch to increase commitments from $125M to $200M, increase the accordion to $400M, and extend the revolving period from 2/14/28 to 9/29/29 and maturity from 2/14/30 to 9/29/31.
CNL STRATEGIC CAPITAL, LLC (OTHER)
10/7/2026 8-K 424B3
The Company realized its approximately 7.8% indirect equity interest in Resolution Economics for net cash proceeds of approximately $29.2M and received repayment of its approximately $2.8M debt investment in connection with a recapitalization. The equity interest was acquired by an entity affiliated with the Company’s Sub-Manager in a related-party transaction approved by the Board following receipt of an independent fairness opinion.
CRESTLINE LENDING SOLUTIONS, LLC (PRIVATE PLACEMENT BDC)
10/8/2026 8-K
The Company entered into an amended advisory agreement reducing its base management fee to an annualized rate of 0.85% of net assets, effective 10/1/26.
HANCOCK PARK CORPORATE INCOME, INC. (PRIVATE PLACEMENT BDC)
10/6/2026 8-K
The Company held its annual meeting where stockholders approved the Plan of Sale and Dissolution and the withdrawal of the Company’s election to be regulated as a BDC.
MSD INVESTMENT CORP. (PRIVATE PLACEMENT BDC)
10/7/2026 8-K
The Company priced a $350M private placement offering of its 6.875% notes due 2029, which will mature on 10/15/29. The offering is expected to close on 10/15/26.
