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 255
— Red flag · Private Equity.
Tender offer filled only 54% of shares tendered (pro-rated); redemption requests exceeded the offer size -- the second consecutive oversubscribed offer (expired 2025-12-19).
Why it matters
Two consecutive oversubscribed repurchase offers. Persistent unmet redemption demand is the classic precursor to pro-ration and, in stressed cases, gating.
Redemptions prorated for the period ending 2025-12-19: 9.2% requested, only 54.5% of requests fulfilled. (2025-12-19)
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.
Redemption requests ran at least twice the tender offer's capacity; only 42% of tendered shares were repurchased (offer expired 2025-09-19).
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.
Redemptions prorated for the period ending 2025-09-19: 11.9% requested, only 42.0% of requests fulfilled. (2025-09-19)
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.