Interval Fund, Nontraded Closed-End Funds and Private Placement Up in August

September 19, 2017 | Luke Schmidt | Blue Vault

Blue Vault reports sales for Interval Funds and nontraded Closed-End Funds. August sales for these funds that were reported to Blue Vault totaled $160.9 million, up 44% from the $111.8 million reported in July. The largest total sales reported by a sponsor of these products was $86.5 million by Griffin Capital Corporation in their Griffin Institutional Access Real Estate Fund. This fund’s sales were 54% of total sales reported for August in the IF/CEF sector, in line with their 54% of total sales reported in July.

Sponsors reported Private Placement sales of $1,533.5 million in August, up significantly from just $149.4 million in July. The large increase is primarily attributed to Owl Rock Capital, who reported $1,367.5 million in Private Placement sales in August after reporting no sales in July.  Owl Rock Capital represented 89% of total reported sales in August. Inland Real Estate Investment Corporation reported Private Placement sales of $60.6 million.

View Blue Vault’s Monthly Sales breakdown by alternative investment type.

More information about the Blue Vault Monthly NTR and BDC sales can be found here.