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Nonlisted Interval Fund, Nonlisted Closed-End Funds and Private Placement Sales Down in July

August 11, 2017

Nonlisted Interval Fund, Nonlisted Closed-End Funds and Private Placement Sales Down in July

August 11, 2017 | by James Sprow | Blue Vault

Blue Vault reports sales for nonlisted Interval Funds and nonlisted Closed-End Funds. July sales for these funds that were reported to Blue Vault totaled $111.8 million, down 16% from the $133.3 million reported in June. The largest total of sales reported by a sponsor of these products was $60.5 million by Griffin Capital Corporation in their Griffin Institutional Access Real Estate Fund. This fund’s sales were 54% of total sales reported for July in the nonlisted IF/CEF sector.

Sponsors reported Private Placement sales of $149.4 million in July, down just 0.7% from the $150.5 million reported in June. Passco Companies reported $38.0 million in Private Placement sales in July, up from $17.1 million in June, and representing 25% of the total reported for July. About 23% of the Private Placement sales reported in July were by Inland Real Estate Investment Corporation, with $34.1 million in two programs. NexPoint Capital/Highland Capital Management’s Private Placements totaled $24.5 million in one program, up from $5.6 million in June.

View the Blue Vault Monthly Sales breakdown page here.

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James Darren Roberson
August 22, 2017 at The National, the annual NPH Educational Conference
August 28, 2017

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