What is a REIT? A real estate investment trust, or REIT, is a company that owns, operates or finances income-producing commercial real estate or related assets. In this way, REITs allow investors to “own” or help finance real estate assets by simply owning shares. REITs invest in a broad range of property types including office...

What is an interval fund? An interval fund is a type of closed-end fund that offers liquidity to investors at stated intervals – typically quarterly, semiannually or annually. This means shareholders are able to sell a portion of their shares at regular intervals at a price based on the fund’s net asset value.  Interval funds may...

Why private debt? Investing in the debt of private companies may provide an alternative source of income and diversification at a time when both are difficult to find within traditional markets.  Institutional investors have long turned to private debt strategies for their potential to generate a high level of income and diversify their fixed income...

What are liquid alternatives? Liquid alternatives refer to daily liquid open-end funds, such as mutual funds and ETFs, which invest across a broad range of alternative investment strategies. Collectively, these types of funds are often referred to as “liquid alts.” Liquid alternative funds manage approximately $255 billion1 in assets across a diverse range of strategies. U.S....

Significant opportunity The U.S. commercial real estate market represents a large investment opportunity with $5.8 trillion outstanding across property types and geographies.¹ $5.8T U.S. commercial real estate debt market¹ An income-driven asset class Income has been the primary driver of returns for commercial real estate debt with modest credit losses—even during the depths of the...