The vehicle is targeting interval fund deals, while also reviewing feeder fund portfolios, a source told SecondaryLink.
The collaboration with LODAS Markets will first provide an additional liquidity pathway to investors of Harrison Street AM semi-liquid evergreen funds.
The recently registered interval fund, sub-advised by GCM Grosvenor, will target real asset investments through secondary, primary, co-investment, and listed transactions.
The interval fund targets venture companies through primary and secondary investments, and currently holds stakes in Kalshi, SpaceX, Databricks, and Runway AI.
Cox Capital Retail Secondaries Fund I is currently running cash tender offers for five non-traded BDCs managed by Blue Owl, Ares, Apollo, and BlackRock.
The new interval fund, first reported by EvergreenLink last month, provides access to private market investments, including secondaries.
The ~$30 million transaction will provide liquidity to shareholders in private debt funds managed by BlackRock, Apollo, and Ares at 15-30% discounts.
We highlight the key features of the Cliffwater-managed interval fund, which will target capital-intensive private real assets through secondary, primary, and direct investments.
Sub-advised by Partners Group, the recently registered interval fund will offer multi-asset private markets exposure, mainly through direct and secondary investments.
The announcement comes as investors in Blue Owl's non-traded BDC shunned an earlier Saba and Cox Capital joint-offer to repurchase shares at a steep discount.
