Three legal mechanisms — tender offers, interval-fund repurchase offers,
and REIT share-repurchase plans — unified into one question: how much of each
redemption request was actually met, and how close is the fund to its gate?
Every figure is the fund's own disclosure, cited.
Select funds or an asset class above to filter the board, the fill-rate chart, and the
gating-events list together. Click a column header to sort the board.
prorated 2×of 2 periods over ~0.2 yrs
(Q4 2025 – Q1 2026); last gated Q1 2026
Definitions: filled, cap used, gating history
Filled = share of requested redemptions the fund actually
repurchased (100% = everyone got their money; below 100% = prorated). Cap used =
how much of the period's redemption limit was consumed (near 100% means the fund is at its gate;
above 100% means it repurchased more than its stated cap). A red Requested
figure means demand exceeded the fund's stated cap that period. Requested is labeled explicitly as
% of shares outstanding or % of net assets; those bases are never mixed.
Gating history distinguishes two events: a
prorated badge = the fund actually rationed (filled less than
100% of requests); an expanded cap to fill badge = it
repurchased past its stated cap yet still filled everyone (a board decision to widen the gate, not a
proration). Counts and the stated range cover the disclosed window only, not the fund's entire life.
Redemption fill rate over time100% = all requests met
Gating events (redemptions prorated)
The defining liquidity-stress event for a semi-liquid fund: more requests arrived
than the cap allowed, so the fund rationed. Blackstone's BREIT/Starwood's SREIT famously gated
through 2022–2024; interval funds proration is routine but the depth matters.