The universe.

Every monitored fund, grouped by asset class, each tagged with its role. Current findings from these funds also surface on Alerts.

Private Credit

Fund	Wrapper	Net assets	NAV/share	Net flows (last qtr, % NAV)	Leverage utilization (against cap)	Urgent	Notify	Notable recent development
1WS Credit Income Fund universe	Interval Fund Private Credit	$855.3M 2026-04-30	$19.17 2026-04-30	+6.7% ($54.7M) qtr ended 2026-03-31; prior +12.3%	unlevered	0	0	New share sales fell 46% versus the same period last year ($23.1M -> $12.5M, period ended 2026-04-30).
AMG Pantheon Credit Solutions Fund universe	Interval Fund Private Credit	$908.1M 2026-03-31	$10.66 2026-03-31	+0.8% ($7.1M) qtr ended 2026-03-31; prior +8.6%	unlevered	0	0	New share sales fell 60% versus the same period last year ($34.1M -> $13.5M, period ended 2026-01-31).
Apollo Debt Solutions BDC universe	BDC Private Credit	$14.44B 2026-03-31	$23.90 2026-03-31	+4.1% ($592.4M) qtr ended 2026-03-31; prior +7.6%	64% as of 2026-03-31; prior 59%	0	21	The fund leaned harder on leverage: 59% -> 64% of its allowed leverage in use in one period (period ended 2026-03-31).
Apollo Diversified Credit Fund universe	Interval Fund Private Credit	$1.65B 2026-03-31	$22.67 2025-12-31	+2.4% ($39.3M) qtr ended 2026-03-31; prior +4.9%	45% as of 2025-12-31; prior 19%	0	0	New share sales fell 69% versus the same period last year ($62.3M -> $19.5M, period ended 2026-03-31).
Ares Strategic Income Fund universe	BDC Private Credit	$10.50B 2026-03-31	$26.85 2026-03-31	+1.7% ($183.8M) qtr ended 2026-03-31; prior +3.0%	78% as of 2026-03-31; prior 79%	0	17	Redemption requests ran at least twice the tender offer's capacity; only 35% of tendered shares were repurchased (offer expired 2026-06-18).
BlackRock HPS Credit Strategies Fund universe	Interval Fund Private Credit	$530.0M 2026-03-31	$8.18 2025-12-31	-3.3% ($-17.5M) qtr ended 2026-03-31; prior -2.4%	5% as of 2025-12-31	0	0	New share sales fell 69% versus the same period last year ($12.3M -> $3.9M, period ended 2026-03-31).
Blackstone Private Credit Fund watchlist	BDC Private Credit	$45.04B 2026-03-31	$23.94 2026-05-31	-1.7% ($-780.8M) qtr ended 2026-03-31; prior +4.1%	66% as of 2026-03-31; prior 64%	0	6	On June 15, 2026, Katherine Rubenstein departed her role as Blackstone Private Credit Fund’s (the “Fund”) Chief Operating Officer to pursue other opportunities. (2026-06-15)
Blackstone Private Multi-Asset Credit & Income Fund universe	Interval Fund Private Credit	$690.9M 2026-03-31	not captured	+21.5% ($148.6M) qtr ended 2026-03-31; prior +24.7%	31% as of 2025-12-31; prior 13%	0	3	Management Fee Waiver Agreement (in place since the Fund's public offering launch) terminated November 1, 2025; the management fee is now payable at the annual rate of 0.75% of... (2025-11-01)
Blue Owl Alternative Credit Fund universe	Interval Fund Private Credit	$1.50B 2026-03-31	$9.96 2025-12-31	+17.4% ($261.4M) qtr ended 2026-03-31; prior +23.4%	27% as of 2025-12-31	0	1	The Adviser's voluntary pre-offering waiver of the Management Fee and Incentive Fee terminated upon commencement of the Fund's public offering of Shares, effective August 29,... (2025-08-29)
Blue Owl Credit Income Corp. watchlist	BDC Private Credit	$19.15B 2026-03-31	$9.32 2025-12-31	-1.8% ($-338.6M) qtr ended 2026-03-31; prior +5.3%	70% as of 2026-03-31; prior 67%	0	16	Barracuda Parent, LLC marked down -42% (2025-12-31 $108,936,000 -> 2026-03-31 $63,253,000) with par balance unchanged (+-2%) -- a valuation mark, not a trade. (2026-03-31)
Calamos Aksia Alternative Credit & Income Fund universe	Interval Fund Private Credit	$1.08B 2026-03-31	$10.68 2025-03-31	+9.3% ($100.5M) qtr ended 2026-03-31; prior +13.6%	not captured	0	0	Net flows deteriorated to $-36.4M from $58.0M (period ended 2026-03-31).
Carlyle Tactical Private Credit Fund universe	Interval Fund Private Credit	$4.61B 2026-03-31	$8.28 2025-12-31	-0.5% ($-24.5M) qtr ended 2026-03-31; prior +5.1%	43% as of 2025-12-31; prior 35%	0	1	The fund leaned harder on leverage: 35% -> 43% of its allowed leverage in use in one period (period ended 2025-12-31).
Cion Ares Diversified Credit Fund universe	Interval Fund Private Credit	$4.92B 2026-03-31	$24.85 2025-12-31	-1.1% ($-52.9M) qtr ended 2026-03-31; prior +2.3%	not captured	0	0	New share sales fell 76% versus the same period last year ($105.1M -> $25.6M, period ended 2026-03-31).
Cliffwater Corporate Lending Fund watchlist	Interval Fund Private Credit	$31.31B 2026-03-31	$10.52 2026-03-31	-1.7% ($-540.7M) qtr ended 2026-03-31; prior +3.3%	36% as of 2026-03-31; prior 36%	0	3	NAV per share fell 2.3% from $10.77 to $10.52 (2026-03-31).
Cliffwater Enhanced Lending Fund universe	Interval Fund Private Credit	$7.80B 2026-03-31	$11.01 2026-03-31	+2.2% ($175.5M) qtr ended 2026-03-31; prior +9.9%	12% as of 2026-03-31; prior 5%	0	0	Net flows deteriorated to $-381.4M from $251.3M (period ended 2026-03-31).
FS Credit Income Fund universe	Interval Fund Private Credit	$684.3M 2026-03-31	$11.88 2026-05-14	+1.2% ($8.1M) qtr ended 2026-03-31; prior +8.0%	0% as of 2025-12-31; prior 8%	1	2	Sterling Entertainment Enterprises LLC newly flagged defaulted in the 2026-03-31 NPORT-P (0.00% of portfolio value, $0); the 2025-12-31 report carried no such flag. (2026-03-31)
Fidelity Private Credit Fund universe	BDC Private Credit	$1.33B 2026-03-31	$24.95 2026-03-31	+5.5% ($73.1M) qtr ended 2026-03-31; prior +8.6%	70% as of 2026-03-31; prior 68%	0	0	Net investment income covered only 99% of distributions in the period ended 2026-03-31; the gap was funded from capital or gains.
First Eagle Credit Opportunities Fund universe	Interval Fund Private Credit	$713.4M 2026-03-31	$22.47 2025-12-31	-4.8% ($-34.3M) qtr ended 2026-03-31; prior -2.3%	not captured	0	0	New share sales fell 79% versus the same period last year ($15.4M -> $3.3M, period ended 2026-03-31).
Flat Rock Enhanced Income Fund universe	Interval Fund Private Credit	$714.1M 2026-03-31	$21.88 2025-12-31	+4.9% ($34.7M) qtr ended 2026-03-31; prior +9.2%	not captured	0	0	Net flows deteriorated to -747,565 from $16.9M (period ended 2026-02-28).
HPS Corporate Lending Fund universe	BDC Private Credit	$12.43B 2026-03-31	$24.79 2026-03-31	+1.9% ($240.8M) qtr ended 2026-03-31; prior +7.4%	77% as of 2026-03-31; prior 77%	0	15	Sedgwick Claims Management Services Inc marked down -97% (2025-09-30 $732,893,000 -> 2025-12-31 $18,951,000) with par balance unchanged (+-2%) -- a valuation mark, not a trade. (2025-12-31)
Jackson Credit Opportunities Fund universe	Interval Fund Private Credit	$578.4M 2026-03-31	not captured	+0.0% ($0) qtr ended 2026-03-31; prior +1.1%	unlevered	0	0	Gross share sales: Inflow stall (fundraising flywheel): gross sales down >= 50% vs same period prior year [Watch-stage (first breach), 2026-01-31]
KKR Asset-Based Finance Fund universe	Interval Fund Private Credit	$509.7M 2026-04-30	$21.08 2026-04-30	-2.3% ($-11.9M) qtr ended 2026-03-31; prior -7.2%	not captured	0	2	Net outflow of 8.1% of NAV in the period ended 2025-10-31.
KKR Asset-Based Income Fund universe	Interval Fund Private Credit	$558.0M 2026-03-31	$1,016.52 2025-12-31	+0.0% ($0) qtr ended 2026-03-31; prior +6.2%	not captured	0	0	Gross share sales: Inflow stall (fundraising flywheel): gross sales down >= 50% vs same period prior year [Watch-stage (first breach), 2026-01-31]
KKR FS Income Trust universe	BDC Private Credit	$1.65B 2026-03-31	$29.18 2026-05-31	+8.2% ($134.9M) qtr ended 2026-03-31; prior +9.4%	60% as of 2026-03-31; prior 64%	0	7	Net investment income covered only 100% of distributions in the period ended 2026-03-31; the gap was funded from capital or gains.
KKR FS Income Trust Select universe	BDC Private Credit	$1.02B 2026-03-31	$25.06 2026-03-31	+9.3% ($94.7M) qtr ended 2026-03-31; prior +14.7%	55% as of 2026-03-31; prior 59%	0	3	Net investment income covered only 90% of distributions in the period ended 2026-03-31; the gap was funded from capital or gains.
Lord Abbett Credit Opportunities Fund universe	Interval Fund Private Credit	$2.94B 2026-03-31	$8.52 2025-12-31	-0.3% ($-9.2M) qtr ended 2026-03-31; prior +1.4%	unlevered	0	0	Redemptions accelerated to $154.5M from 397,663 the prior period (period ended 2026-01-31).
North Haven Private Income Fund LLC universe	BDC Private Credit	$3.23B 2026-03-31	$18.12 2026-03-31	-4.5% ($-144.8M) qtr ended 2026-03-31; prior -1.5%	75% as of 2026-03-31; prior 74%	0	5	Redemption requests ran at least twice the tender offer's capacity; only 48% of tendered shares were repurchased (offer expired 2026-04-28).
Oaktree Strategic Credit Fund universe	BDC Private Credit	$4.40B 2026-03-31	$22.38 2026-03-31	-1.2% ($-51.5M) qtr ended 2026-03-31; prior +5.5%	coverage not available	0	3	NAV per share fell 2.4% from $22.93 to $22.38 (2026-03-31).
Pimco Flexible Credit Income Fund universe	Interval Fund Private Credit	$4.24B 2026-03-31	$7.11 2025-12-31	+6.4% ($270.6M) qtr ended 2026-03-31; prior +7.3%	reports Total Effective Leverage (wider basis incl. preferred/derivatives; see fund page)	0	0	Redemptions accelerated to $111.6M from 414,029 the prior period (period ended 2026-02-28).
StepStone Private Credit Income Fund universe	Interval Fund Private Credit	$1.05B 2026-03-31	$10.08 2025-12-31	+1.4% ($14.3M) qtr ended 2026-03-31; prior +7.2%	37% as of 2025-12-31	0	0	Net flows deteriorated to $-21.7M from $18.0M (period ended 2026-03-31).
T. Rowe Price OHA Select Private Credit Fund universe	BDC Private Credit	$1.64B 2026-03-31	$26.15 2026-03-31	+5.9% ($96.6M) qtr ended 2026-03-31; prior +5.6%	71% as of 2026-03-31; prior 71%	0	0	PIK (non-cash) income is 6.5% of investment income for the period ended 2026-03-31.
Variant Alternative Income Fund universe	Interval Fund Private Credit	$2.46B 2026-04-30	$26.74 2025-04-30	-3.0% ($-77.8M) qtr ended 2026-03-31; prior -1.7%	not captured	0	0	Net flows deteriorated to $-108.6M from $16.8M (period ended 2026-03-31).

Private Equity

Fund	Wrapper	Net assets	NAV/share	Net flows (last qtr, % NAV)	Leverage utilization (against cap)	Notify	Notable recent development
Apollo S3 Private Markets Fund universe	Tender-Offer Fund Private Equity	$470.0M 2026-03-31	$31.20 2026-03-31	+6.7% ($31.3M) qtr ended 2026-03-31; prior +13.7%	not captured	0	None in the trailing 12 months.
Ares Sports, Media & Entertainment Opportunities LP universe	Operating Company Private Equity	$723.3M 2026-03-31	$26.01 2026-03-31	flows not available	coverage not available	1	Gross share sales: Inflow stall (fundraising flywheel): gross sales down >= 50% vs same period prior year [Watch-stage (first breach), 2026-03-31]
Bow River Capital Evergreen Fund universe	Tender-Offer Fund Private Equity	$1.21B 2026-03-31	$55.17 2026-03-31	+5.4% ($65.1M) qtr ended 2026-03-31; prior +8.6%	unlevered	0	None in the trailing 12 months.
CAIS Sports, Media & Entertainment Fund universe	Tender-Offer Fund Private Equity	$168.7M 2026-03-31	$10.42 2026-03-31	+1.2% ($2.0M) qtr ended 2026-03-31	unlevered	0	None in the trailing 12 months.
Carlyle AlpInvest Private Markets Fund universe	Tender-Offer Fund Private Equity	$4.39B 2026-03-31	$16.09 2026-03-31	+10.4% ($457.5M) qtr ended 2026-03-31; prior +15.2%	unlevered	0	None in the trailing 12 months.
Cascade Private Capital Fund universe	Interval Fund Private Equity	$5.37B 2026-03-31	$20.63 2026-03-31	+8.7% ($466.0M) qtr ended 2026-03-31; prior +11.7%	10% as of 2026-03-31; prior 10%	3	SHOREVIEW CAPITAL PARTNERS III / marked down -41% (2025-09-30 $13,829,268 -> 2025-12-31 $8,153,007) with par balance unchanged (+-2%) -- a valuation mark, not a trade. (2025-12-31)
FS MVP Private Markets Fund universe	Tender-Offer Fund Private Equity	$1.77B 2026-03-31	$14.00 2026-03-31	+6.8% ($119.3M) qtr ended 2026-03-31; prior +10.7%	0% as of 2026-03-31; prior 11%	0	None in the trailing 12 months.
Hamilton Lane Private Assets Fund universe	Tender-Offer Fund Private Equity	$5.80B 2026-03-31	$19.77 2026-03-31	+6.5% ($378.0M) qtr ended 2026-03-31; prior +9.3%	not captured	3	Chance Co-Investment, L.P marked down -100% (2025-09-30 $13,408,252 -> 2025-12-31 $0) with par balance unchanged (+-2%) -- a valuation mark, not a trade. (2025-12-31)
KKR Private Equity Conglomerate LLC watchlist	Operating Company Private Equity	$10.78B 2026-03-31	$33.10 2026-03-31	+9.1% ($978.8M) qtr ended 2026-03-31; prior +10.1%	coverage not available	16	to this Current Report on Form 8-K). (2026-07-02)
Partners Group Private Equity Fund, LLC watchlist	Tender-Offer Fund Private Equity	$15.30B 2026-03-31	$2.22 2026-03-31	+0.9% ($141.7M) qtr ended 2026-03-31; prior -2.0%	12% as of 2026-03-31	5	NAV per share fell 3.9% from $2.31 to $2.22 (2026-03-31).
Pomona Investment Fund universe	Tender-Offer Fund Private Equity	$1.75B 2026-03-31	$16.19 2026-03-31	-4.6% ($-80.1M) qtr ended 2026-03-31; prior -1.1%	not captured	2	NAV per share fell 4.4% from $16.94 to $16.19 (2026-03-31).
StepStone Private Equity Strategies Fund universe	Interval Fund Private Equity	$1.67B 2026-03-31	$11.71 2026-03-31	+12.4% ($207.0M) qtr ended 2026-03-31; prior +37.9%	unlevered (currently no borrowings)	0	Gross share sales: Inflow stall (fundraising flywheel): gross sales down >= 50% vs same period prior year [Watch-stage (first breach), 2026-01-31]
StepStone Private Markets watchlist	Tender-Offer Fund Private Equity	$5.83B 2026-03-31	$61.74 2026-03-31	+3.7% ($213.5M) qtr ended 2026-03-31; prior +4.9%	not captured	2	Trive Capital Fund III LP marked down -81% (2025-06-30 $21,752,108 -> 2025-09-30 $4,171,009) with par balance unchanged (+-2%) -- a valuation mark, not a trade. (2025-09-30)
The Private Shares Fund universe	Interval Fund Private Equity	$1.16B 2026-03-31	$47.30 2025-12-31	+4.2% ($48.3M) qtr ended 2026-03-31; prior +1.0%	unlevered	0	Redemptions accelerated to $67.2M from 883,163 the prior period (period ended 2026-03-31).

Private Real Estate

Fund	Wrapper	Net assets	NAV/share	Net flows (last qtr, % NAV)	Leverage utilization (against cap)	Urgent	Notify	Notable recent development
Apollo Diversified Real Estate Fund watchlist	Interval Fund Private Real Estate	$3.34B 2026-03-31	$23.99 2026-03-31	-4.1% ($-136.5M) qtr ended 2026-03-31; prior -4.1%	2% as of 2025-09-30; prior 1%	0	2	NAV per share ($23.99) is 3.2% below its trailing four-observation average ($24.78) as of 2026-03-31.
Ares Real Estate Income Trust Inc. universe	REIT Private Real Estate	$1.66B 2026-03-31	$8.19 2026-05-31	+4.3% ($70.8M) qtr ended 2026-03-31; prior +16.3%	57% as of 2026-03-31; prior 66%	0	5	Mortgage collateral taken (foreclosure / deed in lieu / REO): March 31, 2026, excluding certain newly acquired properties that are currently held at cost which we believe reflects... (2026-03-31)
Blackstone Real Estate Income Trust, Inc. watchlist	REIT Private Real Estate	$50.77B 2026-05-31	$14.43 2026-05-31	-0.9% ($-452.4M) qtr ended 2026-03-31; prior -1.2%	71% as of 2026-03-31; prior 70%	0	19	Net flows deteriorated to $-452.4M from $-599.3M (period ended 2026-03-31).
Brookfield Real Estate Income Trust Inc. universe	REIT Private Real Estate	$941.7M 2026-05-31	$10.37 2026-05-31	-2.2% ($-20.9M) qtr ended 2026-03-31; prior -2.9%	48% as of 2026-03-31; prior 44%	0	5	Mortgage collateral taken (foreclosure / deed in lieu / REO): d by the Operating Partnership or newly acquired properties. (2026-03-31)
Clarion Partners Real Estate Income Fund Inc. universe	Interval Fund Private Real Estate	$1.35B 2026-03-31	$11.30 2026-06-11	+11.3% ($153.0M) qtr ended 2026-03-31; prior +7.7%	not captured	0	2	Redemptions accelerated to $52.3M from $35.4M the prior period (period ended 2026-02-28).
FS Credit Real Estate Income Trust, Inc. universe	REIT Private Real Estate	$2.80B 2026-03-31	$23.86 2026-05-31	-1.1% ($-31.1M) qtr ended 2026-03-31; prior +0.3%	78% as of 2026-03-31; prior 76%	0	12	Mortgage collateral taken (foreclosure / deed in lieu / REO): fair value of the tangible assets of an acquired property considers the value of the property as if it were vacant. (2026-03-31)
Fundrise Income Real Estate Fund, LLC universe	Interval Fund Private Real Estate	$641.6M 2026-03-31	not captured	+1.1% ($7.2M) qtr ended 2026-03-31; prior +0.2%	not captured	0	0	Net flows deteriorated to $-12.5M from $7.6M (period ended 2026-01-31).
Harrison Street Real Assets Fund LLC universe	Interval Fund Private Real Estate	$2.19B 2026-03-31	$28.99 2026-03-31	-6.0% ($-131.4M) qtr ended 2026-03-31; prior -4.8%	17% as of 2026-03-31	0	3	Net outflow of 7.3% of NAV in the period ended 2026-03-31.
Harrison Street Real Estate Fund LLC universe	Interval Fund Private Real Estate	$1.49B 2026-03-31	$23.25 2026-03-31	-3.2% ($-47.7M) qtr ended 2026-03-31; prior -4.4%	11% as of 2026-03-31	0	2	NAV per share fell 3.6% from $24.13 to $23.25 (2026-03-31).
Invesco Commercial Real Estate Finance Trust, Inc. universe	REIT Private Real Estate	$1.16B 2026-03-31	$22.86 2024-06-30	+7.0% ($81.7M) qtr ended 2026-03-31; prior +10.4%	reports a 50-65% target Leverage Ratio on a different basis (secured financing / collateral value, not total debt / net assets)	0	0	Redemptions accelerated to $14.0M from $2.1M the prior period (period ended 2026-03-31).
Invesco Real Estate Income Trust Inc. universe	REIT Private Real Estate	$613.8M 2026-05-31	$26.26 2026-05-31	-0.4% ($-2.4M) qtr ended 2026-03-31; prior +0.1%	16% as of 2026-03-31; prior 15%	0	15	Mortgage collateral taken (foreclosure / deed in lieu / REO): mercially reasonable terms or at all; • acquired properties may fail to perform as expected; • acquired properties... (2025-12-31)
JLL Income Property Trust, Inc. universe	REIT Private Real Estate	$1.31B 2026-03-31	$11.26 2026-06-30	-3.9% ($-51.3M) qtr ended 2026-03-31; prior -3.0%	32% as of 2026-03-31; prior 34%	0	11	Mortgage collateral taken (foreclosure / deed in lieu / REO): om our existing portfolio or from newly acquired properties sourced from third parties. (2026-03-31)
KKR Real Estate Select Trust Inc. universe	Tender-Offer Fund Private Real Estate	$1.46B 2026-03-31	$23.45 2025-12-31	+2.3% ($34.3M) qtr ended 2026-03-31; prior +6.3%	unlevered	0	2	NAV per share fell 2.1% from $23.96 to $23.45 (2025-12-31).
Nuveen Global Cities REIT, Inc. universe	REIT Private Real Estate	$2.27B 2026-05-31	$11.28 2026-05-31	-0.9% ($-21.3M) qtr ended 2026-03-31; prior +2.4%	17% as of 2026-03-31; prior 16%	0	5	Mortgage collateral taken (foreclosure / deed in lieu / REO): fair value of the tangible assets of an acquired property considers the value of the property as if it were vacant. (2026-03-31)
Pimco Flexible Real Estate Income Fund universe	Interval Fund Private Real Estate	$588.9M 2026-03-31	not captured	+16.1% ($94.8M) qtr ended 2026-03-31; prior +10.9%	reports Total Effective Leverage (wider basis incl. preferred; see fund page)	0	0	None in the trailing 12 months.
Starwood Real Estate Income Trust, Inc. watchlist	REIT Private Real Estate	$4.06B 2026-03-31	$19.54 2026-05-31	-2.9% ($-117.1M) qtr ended 2026-03-31; prior -1.6%	99% as of 2026-03-31; prior 92%	8	15	Redemptions prorated for the period ending 2026-03-31: only 3.0% of requests fulfilled. (2026-03-31)

Infrastructure

Fund	Wrapper	Net assets	NAV/share	Net flows (last qtr, % NAV)	Leverage utilization (against cap)	Notify	Notable recent development
AMG Pantheon Infrastructure Fund, LLC universe	Interval Fund Infrastructure	$401.6M 2026-03-31	$11.03 2026-03-31	+4.0% ($15.9M) qtr ended 2026-03-31; prior +40.0%	unlevered	0	Net flows deteriorated to $-3.3M from $9.8M (period ended 2026-01-31).
Brookfield Infrastructure Income Fund Inc. universe	Tender-Offer Fund Infrastructure	$5.39B 2026-03-31	$10.89 2025-12-31	+5.8% ($311.4M) qtr ended 2026-03-31; prior +5.3%	not captured	0	Net flows deteriorated to $-64.0M from $239.4M (period ended 2026-01-31).
Cantor Fitzgerald Infrastructure Fund universe	Interval Fund Infrastructure	$676.7M 2026-03-31	$14.09 2026-03-31	+5.9% ($40.0M) qtr ended 2026-03-31; prior +11.6%	unlevered	1	Proposal 2 put to shareholder vote: Approval Of New Investment Sub-Advisory Agreement Between Cantor Fitzgerald Investment Advisors, L.P. (2025-08-12)
ISQ Open Infrastructure Co LLC universe	Operating Company Infrastructure	$158.2M 2025-12-31	$31.33 2025-12-31	flows not available	coverage not available	6	On September 2, 2025, ISQ Open Infrastructure Company LLC (the “Company”) entered into a Management Agreement (the “Management Agreement”) with I Squared Capital Registered... (2025-09-02)
KKR Infrastructure Conglomerate LLC universe	Operating Company Infrastructure	$6.99B 2026-03-31	$29.96 2026-03-31	+10.8% ($754.3M) qtr ended 2026-03-31; prior +13.3%	coverage not available	13	Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year Sixth Amended and Restated Limited Liability Company Agreement On July 2, 2026, the Company entered into... (2026-07-02)
StepStone Private Infrastructure Fund universe	Interval Fund Infrastructure	$1.20B 2026-03-31	$15.24 2026-03-31	+18.8% ($225.3M) qtr ended 2026-03-31; prior +16.0%	not captured	0	Net investment income covered only 80% of distributions in the period ended 2026-03-31; the gap was funded from capital or gains.

Multi-strategy

Fund	Wrapper	Net assets	NAV/share	Net flows (last qtr, % NAV)	Leverage utilization (against cap)	Notable recent development
ACAP Strategic Fund universe	Interval Fund Multi-strategy	$10.35B 2026-03-31	$28.29 2026-03-31	+0.5% ($51.1M) qtr ended 2026-03-31; prior -0.0%	unlevered	Net flows deteriorated to $-76.8M from $68.4M (period ended 2026-03-31).
Beacon Pointe Multi-Alternative Fund universe	Interval Fund Multi-strategy	$1.08B 2026-03-31	$10.97 2026-03-31	+8.5% ($91.7M) qtr ended 2026-03-31; prior +12.8%	unlevered	None in the trailing 12 months.
CAZ Strategic Opportunities Fund universe	Interval Fund Multi-strategy	$695.0M 2026-03-31	$28.39 2026-03-31	+13.4% ($92.9M) qtr ended 2026-03-31; prior +11.3%	not captured	New share sales fell 39% versus the same period last year ($15.5M -> $9.4M, period ended 2025-10-31).
First Trust Alternative Opportunities Fund universe	Interval Fund Multi-strategy	$3.24B 2026-03-31	$26.95 2026-03-31	+4.4% ($142.5M) qtr ended 2026-03-31; prior +6.6%	4% as of 2026-03-31	Net flows deteriorated to $-27.2M from $120.0M (period ended 2026-01-31).

Insurance-linked securities

Fund	Wrapper	Net assets	NAV/share	Net flows (last qtr, % NAV)	Leverage utilization (against cap)	Urgent	Notify	Notable recent development
Stone Ridge Reinsurance Risk Premium Interval Fund universe	Interval Fund Insurance-linked securities	$1.52B 2026-04-30	$59.18 2026-04-30	+4.7% ($66.8M) qtr ended 2026-03-31; prior +8.6%	unlevered	1	1	NAV per share fell 6.7% from $63.41 to $59.18 (2026-04-30).
Victory Pioneer ILS Interval Fund universe	Interval Fund Insurance-linked securities	$823.2M 2026-04-30	$10.53 2026-07-02	+1.5% ($11.2M) qtr ended 2026-03-31; prior +5.3%	unlevered	0	2	New share sales fell 74% versus the same period last year (137,590 -> 238,985, period ended 2025-10-31).