Fontris Alts beta The source for Alternative Investment intelligence.

Alerts.

Every red-flag and yellow-flag finding from the trailing 365 days across every monitored fund, watchlist and universe, red flags first, then by recency. Showing 4 of 220 — Red flag · Private Credit.

Funds shown (73 selected)  ·  select all · all watchlist · all private credit · all private equity · all private real estate · all infrastructure · all multi-strategy · all insurance-linked securities

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Red flags (4)
Red flag

FS Credit Income Fund universe

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)

Why it matters

The fund's own filing flags a portfolio investment as in default or non-accrual. This is a named credit failure inside the book, and the disclosed size tells you whether it dents NAV or merely trims income.

Source: nport-diff:2026-03-31:flag:sterling entertainment enterprises llc

Red flag

BlackRock HPS Credit Strategies Fund universe

Redemptions prorated for the period ending 2025-11-06: 11.1% requested, only 63.4% of requests fulfilled. (2025-11-06)

Why it matters

Redemption requests exceeded the offer and were paid only in part, pro rata. Investors who wanted out are still holding; unmet demand usually rolls into the next offer, making repeat proration -- the defining liquidity-stress pattern for a semi-liquid fund -- worth watching for.

Source: https://www.sec.gov/Archives/edgar/data/1752019/000119312526093570/d105828dncsr.htm | redemption proration (2025-11-06)

Red flag

First Eagle Credit Opportunities Fund universe

Redemption requests ran at least twice the tender offer's capacity; only 22% of tendered shares were repurchased (offer expired 2025-10-15).

Why it matters

Redemption requests ran at least twice the offer capacity. At this level pro-ration is severe and shareholder liquidity is materially constrained right now, not hypothetically.

Source: https://www.sec.gov/Archives/edgar/data/1818416/000110465926024608/tm262309d1_ncsr.htm | redemption disclosure (redemption_fill_rate)

Red flag

First Eagle Credit Opportunities Fund universe

Redemptions prorated for the period ending 2025-10-15: only 21.6% of requests fulfilled. (2025-10-15)

Why it matters

Redemption requests exceeded the offer and were paid only in part, pro rata. Investors who wanted out are still holding; unmet demand usually rolls into the next offer, making repeat proration -- the defining liquidity-stress pattern for a semi-liquid fund -- worth watching for.

Source: https://www.sec.gov/Archives/edgar/data/1818416/000110465926024608/tm262309d1_ncsr.htm | redemption proration (2025-10-15)