The vehicle is targeting interval fund deals, while also reviewing feeder fund portfolios, a source told SecondaryLink.
The collaboration with LODAS Markets will first provide an additional liquidity pathway to investors of Harrison Street AM semi-liquid evergreen funds.
The recently registered interval fund, sub-advised by Barings, will target private asset-based credit investments through direct and secondary transactions.
The interval fund targets venture companies through primary and secondary investments, and currently holds stakes in Kalshi, SpaceX, Databricks, and Runway AI.
Cox Capital Retail Secondaries Fund I is currently running cash tender offers for five non-traded BDCs managed by Blue Owl, Ares, Apollo, and BlackRock.
The new interval fund, first reported by EvergreenLink last month, provides access to private market investments, including secondaries.
The ~$30 million transaction will provide liquidity to shareholders in private debt funds managed by BlackRock, Apollo, and Ares at 15-30% discounts.
We highlight the key features of the Cliffwater-managed interval fund, which will target capital-intensive private real assets through secondary, primary, and direct investments.
Sub-advised by Partners Group, the recently registered interval fund will offer multi-asset private markets exposure, mainly through direct and secondary investments.
The announcement comes as investors in Blue Owl's non-traded BDC shunned an earlier Saba and Cox Capital joint-offer to repurchase shares at a steep discount.
