AltsWire

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Fidelity Private Credit Fund has accepted every share tendered for three straight quarters, even as redemption demand has more than tripled since Q4 as NAV per share has ticked down.

Further, the fund reports a 3.11% year-to-date return beating leveraged loans and high-yield bonds.

Read more at AltsWire: https://t.co/e0mLLREO9y

#NontradedBDC #Fidelity #PrivateCredit #Redemptions

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BCRED's Q2 numbers show a fund stabilizing on some fronts while still under pressure on others.

Blackstone's flagship nontraded BDC posted a narrow 0.3% total net return for Class I shares, even as NAV per share slid to $23.65 – its fourth straight quarterly decline. Class S and Class D shares returned 0.1% and 0.2% before sales charges, but -3.4% and -1.3% for investors who paid the maximum upfront placement fee. Non-accruals improved to 2.2% at cost, down from 2.4% in Q1, payment-in-kind income fell to 5.6% of investment income, and available liquidity grew to more than $17 billion.

The update lands weeks after both BCRED's co-CEO and chief operating officer departed, and amid second-quarter redemption requests that reached roughly 10% of shares outstanding.

Full breakdown at AltsWire: https://t.co/8KgbFoV0z0

#NontradedBDC #BCRED #Blackstone #CreditQuality

[AltsWire @AltsWire]

Vista Credit Strategic Lending Corp. accepted every share tendered in its second-quarter repurchase offer – just 1.8% of shares outstanding, with no proration needed.

That's a sharp turn from three months earlier, when the nontraded BDC was oversubscribed for the first time and prorated at its standard 5% cap, accepting roughly 50% of the shares tendered.

Read the full breakdown at AltsWire: https://t.co/q7colasrce

#PrivateCredit #BDC #Redemptions #NontradedBDC

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Private placement compliance just got a little lighter.

The SEC approved FINRA rule changes that expand who counts as an exempt accredited investor under Rule 5123 – adding larger family offices and high-net-worth entities to the list – while also clearing a path for underwriter affiliates to invest in nontraded REIT and direct participation program capital raises without requesting a one-off exemption.

It's part of FINRA's broader push to cut capital-formation costs without loosening investor protections.

Read the full breakdown at AltsWire: https://t.co/f8KnSi2wlA

#SecuritiesAndExchangeCommission #FINRA #SEC #Modernization #PrivatePlacement #UnderwritingCompensation #Compliance #Administration #Fundraising #CapitalRaising #Rule5123 #Rule5110 #AccreditedInvestor

[AltsWire @AltsWire]

Nontraded REITs raised $3.4 billion in the first half of 2026, up 20.6% year-over-year, according to Robert A. Stanger & Co.

Performance is backing it up: the Stanger Public NAV REIT Total Return Index rose 2.4% in Q2, its strongest quarter in more than four years and sixth straight quarterly gain. All 19 NAV REITs tracked posted positive returns. Listed REITs outpaced NAV REITs over the quarter and trailing year, but NAV REITs still hold the edge over five years — a 33.4% cumulative return versus 28.6% for public benchmarks.

Full breakdown at AltsWire: https://t.co/inj6IjGnsG

#AlternativeInvestments #Fundraising #NontradedREITs

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LPL Financial has invested nearly $2 billion during the last three years building LPL Latitude, a unified technology platform consolidating the firm's data architecture, cybersecurity, AI, and adviser workflow tools into a single system.

The platform's AI centerpiece, an agent called Cyan, is designed to operate across adviser workflows with real-time, contextual support: automating account maintenance, surfacing practice-growth recommendations, and generating financial planning summaries.

LPL plans to roll out more than 35 technology enhancements within Latitude in 2026, which the firm calls its largest set of new features to date.
Read more on AltsWire: https://t.co/GZEBvwNRa6

#WealthManagement #FinTech #Latitude #LPLFinancial

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Inspired Healthcare Capital's Chapter 11 case keeps moving on multiple fronts simultaneously.

The debtors have filed a motion to sell the Salterra at Hanover (MN) community to 10875 Settlers LLC – not for cash, but through an assumption of the ~$6.9M loan owed to Union Bank and Trust. The community has been running a ~$110K monthly operating deficit, and the deal caps 21+ months of marketing by Senior Living Investment Brokerage. Hearing: Aug. 27.

Same day, same courtroom: a hearing on the debtors' second motion to extend plan exclusivity.

Separately, the court authorized a $2.155M DIP facility increase (to ~$47.16M) to fund the "Banterra Buyout" tied to the Silverleaf property – with Silverleaf now pledged as additional DIP collateral
The auction is set for Aug. 12, sale objection deadline Aug. 13, sale hearing Aug. 18 – with the general bar date (Aug. 14) landing right in the middle.

Full story at AltsWire: https://t.co/7n6GH7Z7Qd

#Bankruptcy #Chapter11 #SeniorLiving #InspiredHealthcareCapital #IHC

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The SEC has filed a fraud complaint against RAD Diversified REIT and founders Brandon "Dutch" Mendenhall and Amy Vaughn, alleging they raised at least $152 million from more than 5,500 retail investors through an unregistered offering between 2019 and 2024.

The complaint alleges the pair misrepresented the nontraded REIT's profitability and stock valuation while diverting investor funds to an affiliated entity and personal expenses. RADD filed for Chapter 11 bankruptcy in March 2026.

Read the full story at AltsWire: https://t.co/9yUijxUcna

#FraudComplaint #SEC #RADDiversifiedREIT #NontradedREIT #InvestorFunds

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"Carson brings the scale, planning capabilities and long-term vision we were looking for in a partner." – Brian Doyle on why Doyle and Loughman Wealth Management, a $1.76 billion New Hampshire practice, is joining Carson Group from Wells Fargo Advisors Financial Network.

Read the news at AltsWire: https://t.co/lfVzLerqP8

#CarsonGroup #WealthManagement #FinancialAdviser

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Three loan tranches, one office tower, one long-running dispute now resolved, and none of it enough to stop a foreclosure.

New York REIT Liquidating LLC's remaining stake in Manhattan's One Worldwide Plaza is tied to $1.2 billion in mortgage and mezzanine debt, all of it in default. A court-appointed receiver has now replaced SL Green Management with Cushman & Wakefield as property manager, and an Extell Development affiliate is pressing a foreclosure claim on the senior mezzanine loan it acquired last fall.

This comes less than a year after NYRT settled a separate governance dispute with joint venture partner WWP JV over the same property. Read more: https://t.co/LAooeP2WWC

#liquidation #foreclosure #JVDispute #NewYorkREIT #nontradedREIT

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If you're trying to figure out what Greenbacker shareholder shares are actually worth in this MN8 deal … the board gave the clearest answer yet on an investor call.

The board didn't take the first offer. It ran a 16-month process, met with more than 60 prospective partners, and narrowed 19 non-binding bids down to six finalists before choosing MN8's $1.83/share (max consideration) over two competing all-cash PE bids near $1.40/share and every do-nothing alternative it modeled.

The CFO also explained why that price looks different from the fund's last reported NAV of $4.22/share: NAV values the assets alone; the deal price values the whole company, including the overhead and obligations a buyer takes on.

Full story at AltsWire: https://t.co/7Akuzj2iqC

#Greenbacker #MN8Energy #Merger #ShareholderLiquidity #RenewableEnergy

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Morgan Stanley’s private business development company, North Haven Private Income Fund, completed its Q2 tender offer: 41.6% of tendered units accepted as requests far outpaced its 5% cap.

AltsWire has the story: https://t.co/smauSqAjjw

#PrivateCredit #BDC #MorganStanley #NorthHaven #TenderOffer

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T. Rowe Price and Goldman Sachs Asset Management just launched their first joint interval fund open to all investors – no accreditation required and a $2,500 investment minimum.

The T. Rowe Price Goldman Sachs Private Markets Fund spans private equity, credit, real estate, and infrastructure in one portfolio, with Goldman Sachs Asset Management handling the equity, infrastructure, and real estate allocations and Oak Hill Advisors, T. Rowe Price's private credit arm, running the credit sleeve. It's the third product from the firms’ September 2025 alliance, following co-branded model portfolios and the T. Rowe Price OHA Flexible Credit Income Fund.

Read the full story on AltsWire: https://t.co/NOD0It2yjQ

#AltsIndustry #IntervalFunds #TRowePrice #GoldmanSachs

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ExchangeRight has fully subscribed Essential Income 8 DST at $15.38 million – a five-property, net-leased portfolio backed by AutoZone, Dollar General, Tractor Supply, and Dollar General Market across four states. It's the eighth in ExchangeRight's Essential Income DST series, giving investors a two-year, tax-deferred path via 721 exchange into the Essential Income REIT, now at 436 properties across 38 states as of June 30.

Read the full article at AltsWire: https://t.co/gTwiOOXLtF

#ExchangeRight #DST #1031Exchange #FullySubscribed

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Vital Capital Partners has fully subscribed its $16 million Delaware statutory trust offering backed by an inpatient rehabilitation hospital in Temple, Texas.

Read the full story at AltsWire: https://t.co/hf8tpxAYhS

#DST #1031Exchange #HealthcareRealEstate #VitalCapitalPartners

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The SEC's comment period on registered offering reform closed today – and the industry made a unified case for ending state blue-sky review.

The ask: let an SEC-registered offering reach investors through one federal process instead of clearing merit review state by state. Nontraded REITs and BDCs are nearly the only registered offerings still carrying that burden.

Read more in AltsWire: https://t.co/2b1qbX5Lva

#NontradedREITs #NontradedBDCs #SECRegulation #BlueSky #RegisteredOfferingReform

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Another week, another nontraded BDC board telling shareholders to say no to a discounted mini-tender.

This time it's HLEND, the BlackRock-backed HPS Corporate Lending Fund, rejecting a Cox Capital offer priced roughly 25% below NAV – the same playbook that hit Ares Strategic Income Fund just last week.

The common thread: both funds are facing elevated redemption demand, which is exactly the pressure point these offers are designed to exploit.

Full story: https://t.co/YpzVAjtL5c

#NonTradedBDC #PrivateCredit #CoxCapital #HLEND

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S2K/Miller CLT DST, a Delaware statutory trust holding a 4.8-acre land parcel in Charlotte's NoDa district, closed to new investment July 1 after fully subscribing its $23 million offering. The DST, managed by broker-dealer S2K Financial, opened Oct. 1, 2025, meaning it took roughly nine months to sell out.

Read the full story on AltsWire: https://t.co/2oImbOvlIt

#S2KFinancial #DST #Charlotte #1031exchange

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Inland has named Matthew Beverly head of asset management, adding a 20-year real estate executive to a leadership team that has added several new hires across its investment, wealth, and institutional divisions this year.

Read the full story on AltsWire: https://t.co/PJztGbIj4z

#Inland #MatthewBeverly #AssetManagement #Leadership