This week's updates show the continued trend of redemption stress varying widely across semi-liquid vehicles. Blue Owl Credit Income Corp received preliminary Q3 requests of 16.8% of shares, more than three times its 5% cap, and will prorate at roughly 30% of tendered shares. By contrast, Ares Core Infrastructure Fund and JLL Income Property Trust each honored 100% of redemption requests. We also saw Ardian Access LLC put a new $100 million secured revolving credit facility in place, which it intends to use to fund repurchases. Redemption pressure is easing at some funds, though still elevated, and many are managing liquidity more proactively, both trends we will continue to monitor as Q3 results come in.

Weekly Liquidity Roundup

 

Blue Owl Credit Income Corp (OCIC) Q3 Tender Requests Reach 16.8%

Blue Owl Credit Income Corp reported preliminary Q3 repurchase requests of an estimated $3.1 billion, or 16.8% of shares outstanding as of June 30, 2026, more than three times its 5% quarterly cap. Requests were down from 18.8% in Q2 and 21.9% in Q1. The Fund will fulfill its 5% tender on a pro rata basis, roughly 30% of shares tendered, bringing total liquidity provided since the first quarter to $2.8 billion, or about 60% of original requests. The fund noted that most Q3 requests were re-submissions of earlier unfulfilled tenders. OCIC also reported a 4.0% year-to-date Class I return, an unchanged $0.0701 monthly distribution, and non-accruals of 0.2% of fair value.

Ares Core Infrastructure Fund Fulfills 100% of 3Q26 Tender Offer

Ares Core Infrastructure Fund reported that shareholders tendered 480,845 shares with an aggregate NAV of ~$11.9M, and 100% were accepted with no proration and paid in cash.

The Fund also declared a September distribution of $0.2083 per share and left it unchanged for October, November and December 2026, about a 10.1% annualized rate.

JLL Income Property Trust Honors 100% of 3Q26 Redemption Requests

JLL Income Property Trust reported in an October 2, 2026 supplement that it redeemed 6,661,687 shares for about $75.0 million during the quarter ended September 30, 2026, honoring 100% of redemption requests received. Over the same period, the Trust raised approximately $186.2 million across its offerings. Repurchases for October 1 through December 31, 2026 are limited to about $113.7 million, or 5% of NAV, and total NAV was approximately $2.27 billion as of September 30, 2026.

Ardian Access LLC Enters $100 Million Revolving Credit Facility

In a prospectus supplement dated October 2, 2026, Ardian Access LLC disclosed that it entered into a new committed, secured revolving credit facility effective October 1, 2026. The facility has a $100 million commitment, which can be increased subject to certain conditions. It is secured by the Fund's cash accounts and liquid assets, and the Fund intends to use it, where appropriate, to fund accepted repurchase offers.

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Recent Redemption Results

  • Crescent Private Credit Income Corp | $3.04M tendered, $3.00M repurchased (0.54% of NAV vs 5% cap)

Sekond's Liquidity Roundup keeps you current on liquidity events across evergreen funds. For full details on deadlines, caps, and more, sign into your Sekond account.