Volume XV No. 36 | Friday, September 4, 2026
Press Room
Stanger published its preliminary Non-Traded BDC Pricing Table for July 2026.
View the July 2026 BDC Pricing Table →
Weekly Highlights
BLACKSTONE PRIVATE CREDIT FUND (NAV BDC)
9/3/2026 SC TO-I/A Update
The Company reported Q3 2026 repurchase requests of approximately 10% of shares outstanding as of 6/30/26 and will be fulfilling up to the 5% quarterly cap, or 50% of requests.
FIRST EAGLE PRIVATE CREDIT FUND (NAV BDC)
9/1/2026 8-K Press Release
The Company reported that Victory Capital Holdings, Inc. entered into a definitive agreement to acquire First Eagle Holdings, Inc., the parent company of the Adviser and SubAdviser, for approximately $7.0B, consisting of approximately $4.4B in cash, $2.0B in newly issued Victory Capital equity, and the assumption of $575M of First Eagle’s existing senior secured notes. The transaction is expected to close by the end of Q1’27, after which First Eagle will operate on Victory Capital’s platform while retaining its brand and investment autonomy. The transaction will result in the automatic termination of the Company’s existing advisory agreements, and the Board is expected to consider new advisory agreements with Victory Capital Management Inc. and First Eagle Alternative Credit, LLC, subject to shareholder approval.
INVESCO REAL ESTATE INCOME TRUST INC. (NAV REIT)
9/2/2026 424B3
The Company launched an investor incentive program offering bonus shares equal to 5% of subscription amounts, excluding upfront selling commissions, for eligible Class T, S, D and I investors from 10/1/26 through 12/1/26 and 3% from 1/1/27 through 3/1/27. Investors whose subscriptions were accepted on 9/1/26 are also eligible for the 5% bonus. The Adviser or its affiliates will fund the bonus shares at no additional cost to investors and may amend, extend or terminate the program at any time. Bonus shares will have the same rights and repurchase terms as other shares, with Class T, S and D bonus shares subject to stockholder servicing fees but no upfront selling commissions or dealer manager fees.
KKR REAL ESTATE SELECT TRUST INC. (NAV REIT)
9/1/2026 424B3
The Company amended its shareholder priority plan to permit KKR Alternative Assets LLC to satisfy its support share obligation in one or more installments prior to 6/1/27. KKR Alternative Assets intends to contribute 25% of the committed Class I support shares on 9/16/26, resulting in an estimated NAV per share of approximately $23.31 based on the Company’s 8/31/26 NAV, while remaining obligated to contribute at least the same total number of support shares that would have been required absent the early contributions.
Current Reports
BDCs
BLACKROCK PRIVATE CREDIT FUND
9/4/2026 8-K 424B3
The Company reported that Philip Tseng resigned as Trustee, Board Chair, CEO and Co-Chief Investment Officer, effective 8/31/26, to pursue other business opportunities outside of BlackRock. Mr. Tseng’s resignation was not the result of any disagreement with the Company. In connection, the Board appointed Jason Mehring as Trustee, Board Chair and CEO and appointed Dan Worrell as President, both effective 9/2/26.
JOHN HANCOCK COMVEST PRIVATE INCOME FUND
9/2/2026 8-K
The Company reported its July 2026 NAV per share (table below):
July June Class I: $25.06 $25.09
The Company declared August 2026 distributions, payable on or about 9/24/26:
August July Gross Dist: $0.1871 $0.1864 Record Date: 8/28/26
MONROE CAPITAL ENHANCED CORPORATE LENDING FUND
8/28/2026 8-K 424B3
The Company provided a portfolio update as of 6/30/26.
NUVEEN CHURCHILL PRIVATE CAPITAL INCOME FUND
8/28/2026 8-K 8-K
The Company reported its July 2026 NAV per share (table below) and issued a Q2 2026 shareholder business update covering market and portfolio commentary.
July June Class I: $23.88 $23.86 Class S: $23.81 $23.79 Class D: $23.88 $23.86
The Company declared August 2026 distributions, payable on 9/29/26:
August July Gross Dist: $0.170 $0.170 Record Date: 8/31/26
PGIM PRIVATE CREDIT FUND
8/31/2026 8-K
The Company reported its July 2026 NAV per share:
July June Class S: $24.89 $25.33 Class D: $24.80 $25.24 Class I: $24.32 $24.75
The Company declared August 2026 distributions, payable on or about 9/28/26:
August July Gross Dist: $0.18550 $0.21243 Record Date: 8/31/26
T. ROWE PRICE OHA SELECT PRIVATE CREDIT FUND
8/28/2026 8-K
The Company reported its July 2026 NAV per share:
July June All Classes: $25.97 $25.96
The Company declared August 2026 distributions, payable on or about 9/30/26:
August July Gross Dist: $0.2000 $0.2000 Record Date: 8/31/26
TPG TWIN BROOK CAPITAL INCOME FUND
8/28/2026 8-K
The Company reported its July 2026 NAV per share:
July June All Classes: $25.1986 $25.1993
The Company declared August 2026 distributions, payable on or about 9/28/26:
August July Gross Dist: $0.2000 $0.2000 Record Date: 8/31/26
NAV REITs
APOLLO REALTY INCOME SOLUTIONS, INC.
8/31/2026 8-K
The Company declared August 2026 distributions, payable on or about 9/21/26:
August July Gross Dist: $0.1124 $0.1124 Record Date: 8/31/26
BLACKSTONE REAL ESTATE INCOME TRUST, INC.
8/31/2026 8-K
The Company declared August 2026 distributions, payable on or about 9/21/26:
August July Gross Dist: $0.0557 $0.0557 Record Date: 8/31/26
9/3/2026 8-K
The Company disclosed the sale of unregistered Class S-2 shares for aggregate consideration of $26.5M.
CLARION PARTNERS REAL ESTATE INCOME FUND INC.
9/2/2026 424B3
The Company reported that effective 9/8/26, Ultimus Fund Solutions, LLC will replace SS&C Global Investor & Distribution Solutions, Inc., as transfer agent. In connection, the Company amended several sections of its prospectus to reflect the change.
COHEN & STEERS INCOME OPPORTUNITIES REIT, INC.
9/3/2026 8-K
The Company disclosed the sale of unregistered Class B, P, R-I, R-S, and M-I shares for an aggregate consideration of $9.5M.
COTTONWOOD COMMUNITIES, INC.
9/1/2026 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.
9/3/2026 8-K
The Company issued and sold shares of its 12/9/24 offering of Series 2025 preferred stock for aggregate proceeds of $2.9M.
EQT EXETER REAL ESTATE INCOME TRUST, INC.
8/31/2026 8-K
The Company declared August 2026 distributions, payable on or about 9/10/26:
August July Gross Dist: $0.04326 $0.04326 Record Date: 8/31/26
INVESCO REAL ESTATE INCOME TRUST INC.
8/31/2026 8-K
The Company declared August 2026 distributions, payable on or about 9/11/26:
August July Gross Dist: $0.1395 $0.1395 Record Date: 8/31/26
IPC ALTERNATIVE REAL ESTATE INCOME TRUST, INC.
8/28/2026 8-K
The Company declared August 2026 distributions, payable on or about 9/3/26:
August July Gross Dist: $0.1042 $0.1042 Record Date: 8/31/26
JLL INCOME PROPERTY TRUST, INC.
8/28/2026 8-K Press Release
The Company issued a press release announcing the acquisition of Midtown Village, a 345,000-square-foot retail shopping center in Tuscaloosa, Alabama, for a purchase price of approximately $94M.
9/1/2026 424B3
The Company reported its August 2026 daily NAV per share (table below), disclosed that is satisfied 100% of redemption requests in July and August for a total of ~$49.7M, and clarified that it acquired an 87.5% interest in Midtown Village for approximately $82M.
Aug. 31 Jul. 31 Class A: $11.25 $11.26 Class M: $11.27 $11.27 Class A-I: $11.28 $11.29 Class M-I: $11.26 $11.27
J.P. MORGAN REAL ESTATE INCOME TRUST, INC.
8/31/2026 8-K
The Company declared August 2026 distributions, payable on or about 9/3/26:
August July Gross Dist: $0.0438 $0.0423 Record Date: 8/31/26
9/1/2026 8-K 424B3
The Company amended its credit agreement with Truist Bank to increase the facility amount from $325M to $550M.
KKR REAL ESTATE SELECT TRUST INC.
9/1/2026 424B3
The Company will impose a 2.0% early repurchase fee on shares purchased on or after 10/1/26 and repurchased within one year.
RREEF PROPERTY TRUST, INC.
9/1/2026 8-K 424B3
The Company reported its August 2026 daily NAV per share (table below), and disclosed that it received August 2026 redemption requests below its 2.0% monthly limit, resulting in 100% of all redemptions requests being honored (100% in July).
Aug. 31 Jul. 31 Class A: $13.21 $13.15 Class I: $13.31 $13.24 Class T: $13.36 $13.29 Class D: $13.34 $13.27 Class M-I: $13.18 $13.12 Class T2: $13.12 $13.06 Class N: $13.21 $13.15
The Company declared August 2026 distributions, payable on 9/2/26:
August July Gross Dist: $0.07495 $0.07495 Record Date: 9/1/26
STARWOOD REAL ESTATE INCOME TRUST, INC.
8/31/2026 8-K
The Company declared August 2026 distributions, payable on or about 9/3/26:
August July Gross Dist: $0.0770 $0.0770 Record Date: 8/31/26
Private Placement REITs
AB COMMERCIAL REAL ESTATE PRIVATE DEBT FUND, LLC
9/1/2026 8-K
The Company reported that the management agreement proposal, involving the deemed assignment of its investment management agreement with AllianceBernstein L.P. in connection with the planned merger of Equitable Holdings, Inc. and Corebridge Financial, Inc., was approved by the Company’s members after no written objections were received during the 45-day negative consent period, in accordance with the Company’s operating agreement.
BLACKROCK MONTICELLO DEBT REAL ESTATE INVESTMENT TRUST
8/31/2026 8-K
The Company declared August 2026 distributions, payable on or about 9/21/26:
August July Gross Dist: $0.1927 $0.1927 Record Date: 8/31/26
9/3/2026 8-K
The Company disclosed the sale of unregistered Class F-I, F-S, and E shares for gross proceeds of approximately $34M.
BLUE OWL REAL ESTATE NET LEASE TRUST
9/3/2026 8-K
The Company declared August 2026 distributions, payable on or about 9/17/26 (table below), and disclosed the sale of unregistered Class S, N, D, and I common shares for gross proceeds of approximately $178.6M.
August July Gross Dist: $0.0625 $0.0625 Record Date: 8/31/26
CNL STRATEGIC RESIDENTIAL CREDIT, INC.
9/1/2026 8-K
The Company reported aggregate proceeds of $3.1M in its private offering for the period 8/1/26 - 8/31/26.
FIDELITY CORE REAL ESTATE FUND
8/28/2026 8-K 8-K/A Fact Sheet
The Company declared August 2026 distributions, payable on or about 9/22/26 (table below) and issued an amended fact sheet as of 7/31/26.
August June Gross Dist: $0.0864 $0.1361 Record Date: 8/31/26
FORTRESS CREDIT REALTY INCOME TRUST
9/3/2026 8-K
The Company entered into a $900M CRE CLO through its subsidiaries on 8/28/26, issuing nine classes of notes backed by commercial real estate loans and related interests. The notes mature in August 2043 and the CRE CLO includes a 24-month reinvestment period. Proceeds were primarily used to acquire the initial collateral portfolio and repay certain pre-closing financings.
INVESCO COMMERCIAL REAL ESTATE FINANCE TRUST, INC.
8/31/2026 8-K
The Company declared August 2026 distributions, payable on or about 9/15/26:
August July Gross Dist: $0.1600 $0.1600 Special Dist: $0.0200 n/a Record Date: 8/31/26
NEW MOUNTAIN NET LEASE TRUST
8/31/2026 8-K
The Company declared August 2026 distributions, payable on or about 9/9/26:
August July Gross Dist: $0.1546 $0.1546 Record Date: 8/31/26
NORTH HAVEN NET REIT
9/2/2026 8-K
The Company declared August 2026 distributions, payable on or about 9/21/26:
August July Gross Dist: $0.1171 $0.1169 Record Date: 8/31/26
PRINCIPAL CREDIT REAL ESTATE INCOME TRUST
8/31/2026 8-K
The Company declared August 2026 distributions, payable on or about 9/18/26:
August July Gross Dist: $0.1350 $0.1350 Special Dist: $0.0900 $0.0350 Record Date: 8/31/26
9/3/2026 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 $10M and disclosed the sale of unregistered Class I, F-S, and F-I shares for an aggregate purchase price of $0.9M.
STARWOOD CREDIT REAL ESTATE INCOME TRUST
8/31/2026 8-K
The Company declared August 2026 distributions, payable on or about 9/3/26:
August July Gross Dist: $0.1300 $0.1300 Record Date: 8/31/26
9/2/2026 8-K
The Company disclosed the sale of unregistered Class I and S common shares for aggregate consideration of approximately $11.8M.
Closed-End Funds
CALLODINE SPECIALTY INCOME FUND (INTERVAL FUND)
8/28/2026 424B3
The Company reported that effective immediately, Kevin Miller no longer serves as a a portfolio manager of the Company’s real estate lending sub-strategy. Additionally, the Company updated the address of its Adviser.
CAPITAL GROUP KKR CORE PLUS (PLUS) (INTERVAL FUND)
8/31/2026 424B3
The Company amended its distribution plan disclosures for Class A and A-2 shares to clarify the recovery period for certain unreimbursed dealer commissions and updated the timing of service fee accruals for Class A, A-2 and A-3 shares.
CAPITAL GROUP KKR MULTI-SECTOR (PLUS) (INTERVAL FUND)
8/31/2026 424B3
The Company amended its distribution plan disclosures for Class A and A-2 shares to clarify the recovery period for certain unreimbursed dealer commissions and updated the timing of service fee accruals for Class A, A-2 and A-3 shares.
CAPITAL GROUP KKR U.S. EQUITY (PLUS) (INTERVAL FUND)
8/31/2026 424B3
The Company amended its distribution plan disclosures for Class A and A-2 shares to clarify the recovery period for certain unreimbursed dealer commissions and updated the timing of service fee accruals for Class A, A-2 and A-3 shares.
CARLYLE ALPINVEST PRIVATE MARKETS FUND (TENDER OFFER FUND)
9/1/2026 424B3
The Company filed an updated prospectus for its offering of Class A, I, W, and X shares.
CASCADE REAL ASSETS FUND (INTERVAL FUND)
8/28/2026 EFFECT 8/26/2026 N-2/A
Type: Interval Fund
Primary: Unlimited - Class I Shares
The Company’s offering went effective. The fund intends to invest in equity or debt interests in physical assets, companies that own or operate real assets, or pooled investment vehicles such as private funds, special purpose vehicles, or joint ventures that invest in real estate, infrastructure, or other tangible or resource-based sectors.
FRANKLIN BSP LENDING FUND (INTERVAL FUND)
9/2/2026 424B3
The Company reported that effective 9/8/26, Ultimus Fund Solutions, LLC will replace SS&C Global Investor & Distribution Solutions, Inc., as transfer agent. In connection, the Company amended several sections of its prospectus to reflect the change.
FRANKLIN INFRASTRUCTURE SOLUTIONS FUND (TENDER OFFER FUND)
9/3/2026 N-2/A
Type: Tender Offer Fund
Primary: Unlimited - Class D, I, M, and S Shares
The fund intends to invest in a range of infrastructure-related assets, including debt and equity interests through direct investments and co-investments in specific infrastructure assets and as well as through acquiring primary funds and secondary funds that invest primarily in infrastructure assets.
FRANKLIN LEXINGTON PRIVATE MARKETS FUND (TENDER OFFER FUND)
9/2/2026 424B3
The Company reported that effective 9/8/26, Ultimus Fund Solutions, LLC will replace SS&C Global Investor & Distribution Solutions, Inc., as transfer agent. In connection, the Company amended several sections of its prospectus to reflect the change.
FRANKLIN LEXINGTON VENTURE & GROWTH FUND (TENDER OFFER FUND)
9/4/2026 N-2/A
Type: Tender Offer Fund
Primary: Unlimited - Class D, I, M, and S Shares
The Company filed an amended prospectus. The fund intends to invest directly or indirectly in companies that are primarily in their venture capital or growth stages of development.
G-X PRIVATE MARKETS (TENDER OFFER FUND)
8/28/2026 N-2/A
Type: Tender Offer Fund
Primary: Unlimited - Class S, D, I and E Shares
The Company filed an amended prospectus. The fund intends to invest in private market investments across secondary investments, co-investments, and GP stake investments.
NEXPOINT REAL ESTATE STRATEGIES FUND (INTERVAL FUND)
8/28/2026 424B3
The Company amended the “Fees and Fund Expenses” section of its prospectus.
T. ROWE PRICE GOLDMAN SACHS ALL EQUITY ACCESS FUND (INTERVAL FUND)
8/28/2026 EFFECT 8/27/2026 N-2/A
Type: Interval Fund
Primary: Unlimited - Class A, D, and I Shares
The Company’s offering went effective. The fund intends to invest in equity securities and equity-related investments, or underlying funds that invest predominantly in equity.
THIRD LAKE PARTNERS ALTERNATIVE YIELD STRATEGY FUND (INTERVAL FUND)
8/28/2026 EFFECT 8/26/2026 N-2/A
Type: Interval Fund
Primary: Unlimited - Class F Shares
The Company’s offering went effective. The fund intends to invest in equity-linked structured notes.
Lifecycle REITs
HIGHLANDS REIT, INC.
9/1/2026 8-K
The Company announced that it is commencing a self-tender offer to purchase up to 125,000,000 shares of its common stock at $0.20 per share for an aggregate purchase price of up to $25.0M. The offer is expected to expire on 9/29/26 and will be funded with cash on hand.
INPOINT COMMERCIAL REAL ESTATE INCOME, INC.
8/28/2026 8-K
The Company declared August 2026 distributions, payable on or about 9/17/26:
August July Gross Dist: $0.1042 $0.1042 Record Date: 8/31/26
PACIFIC OAK STRATEGIC OPPORTUNITY REIT, INC.
9/3/2026 8-K
A subsidiary of the Company filed financial statements as of 6/30/26 in connection to its completed offerings of Series B and D bonds since February 2020.
Other Alts
ANTARES STRATEGIC CREDIT FUND II LLC (PRIVATE PLACEMENT BDC)
9/2/2026 8-K
The Company and its Adviser entered into an agreement to further extend the waiver of the base management fee and incentive fee payable to the Adviser through 8/31/27.
BLACKROCK DIRECT LENDING CORP. (PRIVATE PLACEMENT BDC)
9/4/2026 8-K
The Company reported that Philip Tseng resigned as Director, Board Chair, CEO and Co-Chief Investment Officer, effective 8/31/26, to pursue other business opportunities outside of BlackRock. Mr. Tseng’s resignation was not the result of any disagreement with the Company. In connection, the Board appointed Jason Mehring as Director, Board Chair and CEO and appointed Dan Worrell as President, both effective 9/2/26.
WILLOW TREE CAPITAL CORP (PRIVATE PLACEMENT BDC)
9/1/2026 8-K
The Company reported that Mark Klingensmith resigned as CFO and Treasurer, effective 9/1/26. Mr. Klingensmith’s departure was not the result of any disagreement with the Company. In connection, the Board appointed Siddhartha Chowdhury as CFO and Treasurer of the Company, effective the same date.
