Interval Funds Explained: The Investment Vehicle That Locked Out Blackstone Investors in 2022
    Alternative Investments

    Interval Funds Explained: The Investment Vehicle That Locked Out Blackstone Investors in 2022

    TL;DR: Interval funds give you access to private credit, real estate, and infrastructure that traditional mutual funds cannot hold. In exchange, you give up the right to sell whenever you want. Redemp

    Jeff Barnes, MBA··11 min read
    Cliffwater CCLFX Faces 13.9% Redemption Requests: The Private Credit Liquidity Crisis Retail Investors Did Not See Coming
    Alternative Investments

    Cliffwater CCLFX Faces 13.9% Redemption Requests: The Private Credit Liquidity Crisis Retail Investors Did Not See Coming

    TL;DR: Cliffwater Corporate Lending Fund (CCLFX), a $31.3B private credit interval fund, received redemption requests equal to 13.9% of shares in Q1 2026. That number jumped to 17% in Q2. The fund's

    Jeff Barnes, MBA··6 min read
    Interval Funds: Semi-Liquid Access to Private Markets and What the Fine Print Says
    Alternative Investments

    Interval Funds: Semi-Liquid Access to Private Markets and What the Fine Print Says

    TL;DR: Interval funds offer quarterly liquidity windows into private credit, private equity, and real assets. They are registered under the Investment Company Act of 1940, issue 1099s instead of

    Jeff Barnes, MBA··8 min read
    Blackstone Gates BCRED for the First Time: What It Means for Your Alternative Investments
    Alternative Investments

    Blackstone Gates BCRED for the First Time: What It Means for Your Alternative Investments

    Blackstone just did something it has never done before. On June 4, 2026, the investment giant announced it would gate redemptions on BCRED, its flagship $79 billion private credit fund. Investors aske

    Jeff Barnes, MBA··8 min read
    Partners Group Capped Withdrawals at 5%. Here Is What Every LP in an Evergreen Fund Must Understand.
    Market Analysis

    Partners Group Capped Withdrawals at 5%. Here Is What Every LP in an Evergreen Fund Must Understand.

    Partners Group Capped Withdrawals at 5%. Here Is What Every LP in an Evergreen Fund Must Understand. TL;DR: On June 3, 2026, Partners Group activated its redemption cap on the $8.6 billion Global Value SICAV fund after...

    Jeff Barnes, MBA··13 min read