Interval Funds

Some investors have been ‘housing capital’ in evergreens before redeeming to fund a Hamilton Lane SMA, co-chief Erik Hirsch said on a Tuesday earnings call.

The multi-strategy fund is the latest offering of the duo’s strategic collaboration announced in September 2025

LibreMax Asset-Backed Income Fund targets asset-backed finance and traded structured credit opportunities.

Runs draw down political capital, as examiners step up focus on disclosures, possible conflicts and valuation of funds.

Cliffwater and Morgan Stanley seek to reassure investors over the health of their funds’ portfolios, while JPMorgan limits lending activity to credit funds.

The economic troubles of the asset class are causing political problems for the industry as regulators rethink some of their ‘light touch’ promises.

The asset manager’s investment chief cites ‘weird time arbitrage’ that the practice causes for evergreen investors who buy into vehicles at similar points.

Run-off evergreens and rolling vintage umbrella funds are giving LPs more flexibility than traditional closed-end drawdown funds.

Privacore VPC Asset-Backed Credit Fund will be seeded with $250m in capital from CNO Financial and Corbin Capital.