News & Press
The latest from Sekond and the alternatives industry.
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Ares Holds Distribution Rate Steady
Jefferies closed a new $404M CLO, JPMREIT upsized its repurchase facility by $150M, and Ares maintained its distribution rate through year-end with substantial cash and undrawn credit capacity.
Nuveen Expands and Restructures Credit
This week’s filings offered a few examples: Apollo completed its third CLO, Nuveen Churchill refinanced and expanded its credit facilities, and T. Rowe Price OHA Select saw Q2 redemption demand remain below its 5% cap.
Starwood Receives Investment from Apollo
SREIT announced a $1.02B Apollo joint venture amid continued liquidity pressure. Antares exceeded its redemption cap, while Golub improved to just under its 5% cap.
HPS and Ares Both Report on Cox Tender Offer
Third-party tender offers are becoming an increasingly visible part of the evergreen fund market, with HPS Corporate Lending Fund and Ares Strategic Income Fund both formally responding to Cox Capital Partners’ latest offers.
BREIT and AREIT Report Strong Results
BREIT's stronger performance in four years, AREIT's momentum recent tender results, and the latest liquidity developments across evergreen funds.
J.P. Morgan REIT Continues to Deploy Capital
J.P. Morgan Real Estate Income Trust deployed approximately $227M across four transactions in recent weeks as the early-stage non-traded REIT continues to build out its portfolio.
Blue Owl Reduces Debt Capacity
This week's filings contained examples of managers actively reshaping their balance sheets in response to the elevated redemption environment.
Blue Owl Redemptions Persist as Goldman Pressure Eases
The divergence within private credit funds continues as some funds face persistent redemption pressure, while others report undersubscribed tender offers. At one extreme, Blue Owl’s Technology Income
Private Credit Redemption Pressure Persists in 2Q
Redemption pressure remained elevated across several large non-traded BDCs this week, with Ares Strategic Income Fundhttps://sekond.co/communityfund=ares-strategic-income-fund receiving requests for 1