First Trust seeks vote-free sub-adviser swaps at 22 funds
The Oct. 22 filing would require 60 days' notice and a tender or repurchase offer at NAV before a sub-adviser change.
Partners Group proposes 25 bps Global Value fee cut ahead of vote
Distributing-fund investors would pay at least 25 basis points less for three years if the umbrella restructuring is approved.
KREST tender draws 3.67% of NAV, first below cap in a year
The private REIT paid $22.75 a share with no overflow used, while Ares Strategic Income Fund filled 38.2% of third-quarter requests.
Blackstone Private Credit Fund posts $1.4B Q3 outflows
Repurchase requests equaled 10% of NAV against a 5% quarterly cap; the fund filled roughly half.
Cottonwood Communities cuts monthly payout 8.8% to $0.0517
The NAV REIT's new rate annualizes to about 5.5% of Sept. 30 NAV, a $0.06-a-share annual cut.
Private-credit exit requests near $16B as managers court advisers
Fund sponsors pitch festival-style events and sports sponsorships while repurchase queues test client liquidity.