We examine the capital flows, investment activity, and performance of the tender offer fund, leveraging EvergreenLink Data.
The recently registered interval fund, sub-advised by Barings, will target private asset-based credit investments through direct and secondary transactions.
The tender offer fund targets private credit investments through primaries, secondaries, co-investments, and directs.
One of which, Hamilton Lane Private Secondary Fund, raised its investment capacity by $500 million and saw its NAV climb 1.6x QoQ to $409 million as of March.
The fund has already secured a $125 million anchor commitment from Beedie Capital following its acquisition of a 50% stake in Vistara.
Cox Capital currently has outstanding cash offers for five private debt vehicles, with discounts to NAV ranging from 14% to 37%.
The Philadelphia-based investment manager has expanded its recurring liquidity program to now include five non-traded BDCs.
The unsolicited bid priced shares at 85% of NAV, the smallest discount of the three Cox offers targeting BDCs managed by Ares, BlackRock, and Apollo.
We examine the capital flows, investment activity, and performance of the secondaries-focused tender offer fund, leveraging EvergreenLink Data.
We examine the Q4 capital flows, investment activity, and performance of the secondaries-focused interval fund, leveraging EvergreenLink Data.
