BlackRock has launched a new unlisted closed end fund. The BlackRock Hedge Fund Guided Portfolio Solution filed an initial registration statement on December 29, 2020, and followed up with an amended version on March 18, 2021. The SEC declared the fund effective on March 22. Let’s take at the new fund’s strategy and structure. […]
Aspiriant recently launched a new unlisted closed end fund. The Aspiriant Risk-Managed Capital Appreciation Fund filed an initial registration statement on November 16, 2020 and followed up with amended versions on March 1, 2021 and March 26, 2021. The SEC declared the fund effective on March 30. This post examines the new fund’s strategy and […]
Neuberger Berman launched another unlisted closed end fund: NB CrossRoads Private Markets Fund VII LP, a feeder fund that will invest all of its assets in a master fund: NB CrossRoads Private Markets Fund VII Holdings LP. Th Neuberger Berman is already one of the largest sponsors of unlisted closed end funds.This is the seventh […]
John Hancock has launched a new unlisted closed end fund: John Hancock GA Senior Loan Trust. The fund is offering its shares via a private placement, with John Hancock Distributors, LLC serving as the distributor. This new fund follows the successful launch of John Hancock GA Mortgage Trust in 2019. The Mortgage Trust has $1.5 […]
Aspiriant Risk-Managed Real Asset Fund filed a preliminary prospectus on November 3. This fund will use a fund of funds strategy with an investment objective of long term capital appreciation. The draft prospectus registers $1,000,000 in shares for sale, although that can be increased in the future. Aspiriant Risk-Managed Real Asset Fund Strategy Aspirant Risk […]
The unlisted closed end fund sector continues to grow. So far in 2020, nine new tender offer funds have filed initial registration statements. These new funds encompass a wide variety of strategies, and a wide range of fund sponsors. Our fund launches page contains a downloadable list of new tender offer funds. This article […]