UNLOCK THE POWER OF THE VAULT

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.

Go Back
Loreen M. Gilbert, CIMA, AIF, CRC, CLTC - President, WealthWise Financial Services
Blue Vault
July 6, 2016
    

Our firm has been using Blue Vault from the first year it was available.

We have found it to be a valuable tool to verify what wholesalers tell us and to dig deep into how the reported investments are really performing.

We appreciate that Blue Vault has expanded its services from initially covering REIT's to now also including BDC's.

Our clients also appreciate that we conduct this additional due diligence on their behalf.