Fontris Alts · Liquidity

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Fund	Mechanism	Latest period	Requested	Filled	Cap used	Cap	Gating history
Apollo Debt Solutions BDC	tender offer	2026-03-16	11.1% of shares source Tender offer statement, amended (Schedule TO-I/A) · filed 2026-05-06 · period 2026-03-16 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator derived: tender_shares_requested_pct_outstanding (unified redemption view)	45%	100%	5% of shares/quarter	prorated 1× of 16 periods over ~3.7 yrs (Q2 2022 – Q1 2026); last gated Q1 2026 expanded cap to fill 1×
Apollo Diversified Real Estate Fund watchlist	interval repurchase	2026-02-03	Pending	27%	100%	5% of shares/quarter	prorated 2× of 2 periods over ~0.2 yrs (Q4 2025 – Q1 2026); last gated Q1 2026
Ares Strategic Income Fund	tender offer	2026-06-18	14.5% of shares source Tender offer statement, amended (Schedule TO-I/A) · filed 2026-07-28 · period 2026-06-18 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator derived: tender_shares_requested_pct_outstanding (unified redemption view)	35%	100%	5% of shares/quarter	prorated 2× of 11 periods over ~2.5 yrs (Q4 2023 – Q2 2026); last gated Q2 2026 expanded cap to fill 1×
BlackRock HPS Credit Strategies Fund	interval repurchase	2025-11-06	11.1% of shares source Shareholder report (Form N-CSR) · filed 2026-03-05 · period 2025-11-06 redemption disclosure (redemptions_requested_pct) “Valuation date 11/06/25 (commencement 10/07/25): fund-wide 11.05% of outstanding shares tendered, 63.41% filled (per-class: 4,300,413 tendered (8.17%), 2,726,892 purchased (5.18%); 3,336,031 tendered (26.29%), 2,115,378 purchased (16.67%); 246,710 tendered (4.11%), 156,439 purchased (2.61%)). No fixed per-quarter offer%/cap is disclosed in this table (fund policy is a 5%-25% range), so cap_utiliza” Method Matched text template against the filing Open the filing on SEC.gov · Full observation history Technical locator https://www.sec.gov/Archives/edgar/data/1752019/000119312526093570/d105828dncsr.htm \| redemption disclosure (redemptions_requested_pct)	63%	100%	5% of shares/quarter	prorated 2× of 10 periods over ~2.7 yrs (Q1 2023 – Q4 2025); last gated Q4 2025
Blue Owl Credit Income Corp. watchlist	tender offer	2026-06-30	18.8% of shares source Tender offer statement, amended (Schedule TO-I/A) · filed 2026-07-24 · period 2026-06-30 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator derived: tender_shares_requested_pct_outstanding (unified redemption view)	27%	100%	Pending	prorated 2× of 19 periods over ~4.5 yrs (Q4 2021 – Q2 2026); last gated Q2 2026
First Eagle Credit Opportunities Fund	interval repurchase	2025-10-15	Pending	22%	100%	5% of shares/quarter	prorated 6× of 6 periods over ~1.5 yrs (Q2 2024 – Q4 2025); last gated Q4 2025
HPS Corporate Lending Fund	tender offer	2026-03-04	9.3% of shares source Tender offer statement, amended (Schedule TO-I/A) · filed 2026-05-01 · period 2026-03-04 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator derived: tender_shares_requested_pct_outstanding (unified redemption view)	54%	100%	5% of shares/quarter	prorated 1× of 16 periods over ~3.8 yrs (Q2 2022 – Q1 2026); last gated Q1 2026
Harrison Street Real Assets Fund LLC	interval repurchase	2026-02-27	Pending	51%	100%	5% of shares/quarter	prorated 8× of 16 periods over ~3.8 yrs (Q2 2022 – Q1 2026); last gated Q1 2026 expanded cap to fill 2×
Harrison Street Real Estate Fund LLC	interval repurchase	2026-01-30	30.4% of shares source Shareholder report (Form N-CSR) · filed 2026-06-04 · period 2026-01-30 Harrison N-CSR results table; accession=0001213900-26-065345; offer_pct=5; offered_shares=3335332; tendered_shares=20284799; implied_outstanding_shares=66706640.000000000000; formula: outstanding = offered_shares / (offer_pct / 100); requested_pct = tendered_shares / outstanding * 100 = 30.408965284415 “January 30, 2026 5 3,335,332 20,284,799 16% 78,146,832” Method Matched text template against the filing Open the filing on SEC.gov · Full observation history Technical locator https://www.sec.gov/Archives/edgar/data/1515001/000121390026065345/ea0290589-01_ncsr.htm \| Harrison N-CSR results table; accession=0001213900-26-065345; offer_pct=5; offered_shares=3335332; tendered_shares=20284799; implied_outstanding_shares=66706640.000000000000; formula: outstanding = offered_shares / (offer_pct / 100); requested_pct = tendered_shares / outstanding * 100 = 30.408965284415	16%	100%	5% of shares/quarter	prorated 4× of 4 periods over ~0.8 yrs (Q2 2025 – Q1 2026); last gated Q1 2026
North Haven Private Income Fund LLC	tender offer	2026-06-04	12.0% of shares source Tender offer statement, amended (Schedule TO-I/A) · filed 2026-07-28 · period 2026-06-04 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator derived: tender_shares_requested_pct_outstanding (unified redemption view)	42%	100%	5% of shares/quarter	prorated 2× of 17 periods over ~4.0 yrs (Q2 2022 – Q2 2026); last gated Q2 2026 expanded cap to fill 1×
Starwood Real Estate Income Trust, Inc. watchlist	share-repurchase plan	2026-03-31	Pending	3%	100%	0.5% of net assets/month; 1.5% of net assets/quarter	prorated 35× of 46 periods over ~4.2 yrs (Dec 2021 – Mar 2026); last gated Mar 2026
The Private Shares Fund	interval repurchase	2025-12-19	9.2% of shares source Shareholder report (Form N-CSR) · filed 2026-03-09 · period 2025-12-19 redemption disclosure (redemptions_requested_pct) “Repurchase Request Deadline Date March 21, 2025 June 20, 2025 September 19, 2025 December 19, 2025 Repurchase Pricing Date March 21, 2025 June 20, 2025 September 19, 2025 December 19, 2025 % of Shares Offered - Total Fund 5.00% 5.00% 5.00% 5.00% Pricing Date Net Asset Value - Class A $41.57 $43.53 $42.52 $46.60 Pricing Date Net Asset Value - Class I $42.37 $44.40 $43.31 $47.48 Pricing Date Net Ass” Method Matched text template against the filing Open the filing on SEC.gov · Full observation history Technical locator https://www.sec.gov/Archives/edgar/data/1557265/000121390026025198/ea0273363-01_ncsr.htm \| redemption disclosure (redemptions_requested_pct)	54%	100%	5% of shares/quarter	prorated 4× of 4 periods over ~0.7 yrs (Q1 2025 – Q4 2025); last gated Q4 2025
Blackstone Private Credit Fund watchlist	tender offer	2026-03-02	7.0% of shares source Tender offer statement, amended (Schedule TO-I/A) · filed 2026-05-01 · period 2026-03-02 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator derived: tender_shares_requested_pct_outstanding (unified redemption view)	100%	139%	5% of shares/quarter	expanded cap to fill 3× never prorated, over 20 periods (~4.8 yrs, Q2 2021 – Q1 2026)
KKR Real Estate Select Trust Inc.	tender offer	2026-07-17	5.1% of shares source Tender offer statement, amended (Schedule TO-I/A) · filed 2026-07-21 · period 2026-07-17 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator derived: tender_shares_requested_pct_outstanding (unified redemption view)	100%	101%	5% of shares/quarter	expanded cap to fill 12× never prorated, over 19 periods (~4.5 yrs, Q1 2022 – Q3 2026)
1WS Credit Income Fund	interval repurchase	2026-04-08	Not disclosed	100%	100%	5% of shares/quarter	always fully met over 10 periods (~2.2 yrs, Q1 2024 – Q2 2026)
FS Credit Income Fund	interval repurchase	2025-12-11	6.4% of shares source Shareholder report (Form N-CSR) · filed 2026-02-26 · period 2025-12-11 redemption disclosure (redemptions_requested_pct) “Deadline December 11, 2025: offered 7%, tendered 6.41%, 3,761,741 shares” Method Matched text template against the filing Open the filing on SEC.gov · Full observation history Technical locator https://www.sec.gov/Archives/edgar/data/1688897/000199937126004458/fscif-ncsr_123125.htm \| redemption disclosure (redemptions_requested_pct)	100%	92%	5% of shares/quarter	prorated 6× of 17 periods over ~4.0 yrs (Q4 2021 – Q4 2025); last gated Q2 2025
Oaktree Strategic Credit Fund	tender offer	2026-03-16	4.2% of shares source Tender offer statement, amended (Schedule TO-I/A) · filed 2026-05-15 · period 2026-03-16 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator derived: tender_shares_requested_pct_outstanding (unified redemption view)	100%	85%	5% of shares/quarter	always fully met over 15 periods (~3.5 yrs, Q3 2022 – Q1 2026)
Partners Group Private Equity Fund, LLC watchlist	tender offer	2026-03-31	3.4% of net assets source Tender offer statement, amended (Schedule TO-I/A) · filed 2026-05-18 · period 2026-03-31 disclosed_dollar_demand / filed_total_net_assets * 100; numerator 0001398344-26-009341; denominator 0001398344-26-010605 “As of February 24, 2026, two thousand two hundred and thirty-one (2,231) Members validly tendered Units and did not withdraw such tenders prior to the expiration of the Offer. The validly tendered Units were accepted for purchase by the Fund in accordance with the terms of the Offer. 3. The net asset value of the Units tendered pursuant to the Offer was calculated as of March 31, 2026 in the amount of $527,384,983.20.” Why this source Both constituents are filed for the same fund and pass the recorded date, scale, and basis assertions. Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator {"assertions":{"basis":"nav","denominator_age_days":0,"max_staleness_days":120,"numerator_components":null,"same_fund":true,"same_scale":true},"denominator":{"accession":"0001398344-26-010605","locator":"https://www.sec.gov/Archives/edgar/data/1447247/000139834426010605/fp0098460-3_ncsr.htm","name":"filed_total_net_assets","period_end":"2026-03-31","raw_snippet":"Class A: NA $8,361,129,333 (x1), 3,987,232,302 sh, NAV $2.10 \| Class I: NA $6,913,259,826 (x1), 3,112,888,648 sh, NAV $2.22 \| Class M: NA $1,326,866 (x1), 597,471 sh, NAV $2.22 \| Class S: NA $22,451,591 (x1), 10,698,281 sh, NAV $2.10","value":15298167616.0},"formula":"disclosed_dollar_demand / filed_total_net_assets * 100","kind":"derived_redemption_demand","metric":"redemptions_requested_pct_nav","numerator":{"accession":"0001398344-26-009341","locator":"https://www.sec.gov/Archives/edgar/data/1447247/000139834426009341/fp0098958-1_sctoia.htm","name":"disclosed_dollar_demand","period_end":"2026-03-31","raw_snippet":"As of February 24, 2026, two thousand two hundred and thirty-one (2,231) Members validly tendered Units and did not withdraw such tenders prior to the expiration of the Offer. The validly tendered Units were accepted for purchase by the Fund in accordance with the terms of the Offer. 3. The net asset value of the Units tendered pursuant to the Offer was calculated as of March 31, 2026 in the amount of $527,384,983.20.","value":527384983.2}}	Pending	69%	5% of net assets/quarter	always fully met over 62 periods (~15.2 yrs, Q1 2011 – Q1 2026)
Fidelity Private Credit Fund	tender offer	2026-05-29	2.9% of shares source Tender offer statement, amended (Schedule TO-I/A) · filed 2026-07-29 · period 2026-05-29 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator derived: tender_shares_requested_pct_outstanding (unified redemption view)	100%	58%	5% of shares/quarter	always fully met over 13 periods (~3.0 yrs, Q2 2023 – Q2 2026)
Beacon Pointe Multi-Alternative Fund	interval repurchase	2026-01-26	Not disclosed	Pending	38%	5% of shares/quarter	always fully met over 4 periods (~0.7 yrs, Q2 2025 – Q1 2026)
Victory Pioneer ILS Interval Fund	interval repurchase	2026-05-18	Pending	100%	34%	10% of shares/quarter	prorated 1× of 19 periods over ~4.5 yrs (Q4 2021 – Q2 2026); last gated Q4 2021
KKR FS Income Trust	tender offer	2026-06-29	1.6% of shares source Tender offer statement, amended (Schedule TO-I/A) · filed 2026-07-24 · period 2026-06-29 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator derived: tender_shares_requested_pct_outstanding (unified redemption view)	100%	33%	5% of shares/quarter	prorated 1× of 6 periods over ~1.3 yrs (Q1 2025 – Q2 2026); last gated Q1 2026
T. Rowe Price OHA Select Private Credit Fund	tender offer	2026-03-31	1.6% of shares source Tender offer statement, amended (Schedule TO-I/A) · filed 2026-05-04 · period 2026-03-31 validly_tendered_shares / same_date_filed_shares_outstanding * 100; numerator 0001140361-26-018860; denominator 0001140361-26-018861 “987,826 Shares were validly tendered and not withdrawn prior to the expiration of the Offer.” Why this source Both constituents are filed for the same fund and pass the recorded date, scale, and basis assertions. Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator {"assertions":{"basis":"shares","same_date":true,"same_fund":true,"same_scale":true},"denominator":{"accession":"0001140361-26-018861","locator":"https://www.sec.gov/Archives/edgar/data/1901164/000114036126018861/ny20072155x1_sctoi.htm","name":"filed_shares_outstanding","period_end":"2026-03-31","raw_snippet":"As of the close of business on March 31, 2026, there were 62,662,687 Shares outstanding.","value":62662687},"formula":"validly_tendered_shares / same_date_filed_shares_outstanding * 100","kind":"derived_redemption_demand","metric":"redemptions_requested_pct","numerator":{"accession":"0001140361-26-018860","locator":"https://www.sec.gov/Archives/edgar/data/1901164/000114036126018860/ny20072155x2_sctoia.htm","name":"validly_tendered_shares","period_end":"2026-03-31","raw_snippet":"987,826 Shares were validly tendered and not withdrawn prior to the expiration of the Offer.","value":987826}} 1.6% of net assets source Tender offer statement, amended (Schedule TO-I/A) · filed 2026-05-04 · period 2026-03-31 disclosed_dollar_demand / filed_total_net_assets * 100; numerator 0001140361-26-018860; denominator 0001901164-26-000013 “Pursuant to the promissory notes, the Fund paid on or about May 1, 2026, to the shareholders a total of $25,806,478.88, representing the net asset value as of March 31, 2026 of the total amount of Shares tendered by shareholders upon the terms and subject to the conditions set forth in the Offer to Purchase.” Why this source Both constituents are filed for the same fund and pass the recorded date, scale, and basis assertions. Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator {"assertions":{"basis":"nav","denominator_age_days":0,"max_staleness_days":120,"numerator_components":null,"same_fund":true,"same_scale":true},"denominator":{"accession":"0001901164-26-000013","locator":"https://www.sec.gov/Archives/edgar/data/1901164/000190116426000013/oha-20260331.htm","name":"filed_total_net_assets","period_end":"2026-03-31","raw_snippet":"{'end': '2026-03-31', 'val': 1638402000, 'accn': '0001901164-26-000013', 'fy': 2026, 'fp': 'Q1', 'form': '10-Q', 'filed': '2026-05-06', 'frame': 'CY2026Q1I', 'unit': 'USD'}","value":1638402000.0},"formula":"disclosed_dollar_demand / filed_total_net_assets * 100","kind":"derived_redemption_demand","metric":"redemptions_requested_pct_nav","numerator":{"accession":"0001140361-26-018860","locator":"https://www.sec.gov/Archives/edgar/data/1901164/000114036126018860/ny20072155x2_sctoia.htm","name":"disclosed_dollar_demand","period_end":"2026-03-31","raw_snippet":"Pursuant to the promissory notes, the Fund paid on or about May 1, 2026, to the shareholders a total of $25,806,478.88, representing the net asset value as of March 31, 2026 of the total amount of Shares tendered by shareholders upon the terms and subject to the conditions set forth in the Offer to Purchase.","value":25806478.88}}	Pending	32%	5% of shares/quarter	always fully met over 1 periods
Apollo S3 Private Markets Fund	tender offer	2026-03-16	0.8% of shares source Tender offer statement, amended (Schedule TO-I/A) · filed 2026-05-04 · period 2026-03-16 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator derived: tender_shares_requested_pct_outstanding (unified redemption view)	100%	16%	5% of shares/quarter	always fully met over 3 periods (~0.5 yrs, Q3 2025 – Q1 2026)
CAZ Strategic Opportunities Fund	interval repurchase	2026-03-31	Pending	Pending	10%	5% of shares/quarter	always fully met over 4 periods (~0.8 yrs, Q2 2025 – Q1 2026)
FS MVP Private Markets Fund	tender offer	2026-03-06	0.4% of shares source Tender offer statement, amended (Schedule TO-I/A) · filed 2026-05-04 · period 2026-03-06 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator derived: tender_shares_requested_pct_outstanding (unified redemption view)	100%	8%	5% of net assets/quarter	always fully met over 13 periods (~3.0 yrs, Q1 2023 – Q1 2026)
ACAP Strategic Fund	interval repurchase	None	Not disclosed	Pending	Pending	25% of shares/quarter	always fully met over 0 periods
AMG Pantheon Credit Solutions Fund	interval repurchase	None	Not disclosed	Pending	Pending	5% of net assets/quarter	always fully met over 0 periods
AMG Pantheon Infrastructure Fund, LLC	interval repurchase	None	Not disclosed	Pending	Pending	5% of net assets/quarter	always fully met over 0 periods
Apollo Diversified Credit Fund	interval repurchase	2025-11-04	Pending	100%	Pending	5% of shares/quarter	always fully met over 8 periods (~1.7 yrs, Q1 2024 – Q4 2025)
Ares Real Estate Income Trust Inc.	share-repurchase plan	2026-03-31	Pending	100%	Pending	2% of net assets/month; 5% of net assets/quarter	always fully met over 39 periods (~4.2 yrs, Jan 2022 – Mar 2026)
Ares Sports, Media & Entertainment Opportunities LP	tender offer	None	Not disclosed	Pending	Pending	Pending	always fully met over 0 periods
Blackstone Private Multi-Asset Credit & Income Fund	interval repurchase	None	Not disclosed	Pending	Pending	5% of shares/quarter	always fully met over 0 periods
Blackstone Real Estate Income Trust, Inc. watchlist	share-repurchase plan	2026-03-31	Pending	100%	Pending	2% of net assets/month; 5% of net assets/quarter	prorated 15× of 44 periods over ~4.2 yrs (Dec 2021 – Mar 2026); last gated Jan 2024
Blue Owl Alternative Credit Fund	interval repurchase	2025-11-13	Pending	100%	Pending	5% of shares/quarter	always fully met over 1 periods
Bow River Capital Evergreen Fund	tender offer	2026-03-17	Pending	100%	Pending	5% of net assets/semiannual offer	always fully met over 10 periods (~4.6 yrs, Q3 2021 – Q1 2026)
Brookfield Infrastructure Income Fund Inc.	tender offer	2026-03-25	0.5% of shares source Tender offer statement, amended (Schedule TO-I/A) · filed 2026-05-08 · period 2026-03-25 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator derived: tender_shares_requested_pct_outstanding (unified redemption view)	100%	Pending	2% of shares/offer	always fully met over 8 periods (~2.0 yrs, Q1 2024 – Q1 2026)
Brookfield Real Estate Income Trust Inc.	share-repurchase plan	2026-03-31	3.4% of shares source Quarterly report (Form 10-Q) · filed 2026-05-12 · period 2026-03-31 explicit_full_fill_repurchased_shares / same_date_filed_shares_outstanding * 100; numerator 0001713407-26-000054; denominator 0001713407-26-000054 “Full-fill identity: The Company satisfied all repurchase requests during the three months ended March 31, 2026 and 2025 . \| Repurchased quantity: January 2026 875,778 0.9 % $ 10.2369 875,778 — \| February 2026 965,070 1.0 % $ 10.3136 965,070 — \| March 2026 (5) 1,605,193 1.7 % $ 10.2721 1,290,648 —” Why this source Both constituents are filed for the same fund and pass the recorded date, scale, and basis assertions. Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator {"assertions":{"basis":"shares_outstanding","candidate_artifact_sha256":"89e62c05bb5a338d60af7156df2384304f6e55782dbae9b5edc4875fa308c61e","full_fill_statement":{"accession":"0001713407-26-000054","cap_inference":"none","locator":"https://www.sec.gov/Archives/edgar/data/1713407/000171340726000054/oak-20260331.htm","raw_snippet":"The Company satisfied all repurchase requests during the three months ended March 31, 2026 and 2025 .","strict":true},"identity_yields_number_only":true,"no_under_cap_inference":true,"quantity_unit":"shares","same_date":true,"same_fund":true,"same_scale":true},"denominator":{"accession":"0001713407-26-000054","locator":"https://www.sec.gov/Archives/edgar/data/1713407/000171340726000054/oak-20260331.htm","name":"filed_shares_outstanding","period_end":"2026-03-31","raw_snippet":"{'end': '2026-03-31', 'val': 90856000, 'accn': '0001713407-26-000054', 'fy': 2026, 'fp': 'Q1', 'form': '10-Q', 'filed': '2026-05-12', 'frame': 'CY2026Q1I', 'unit': 'shares'}","value":90856000.0},"formula":"explicit_full_fill_repurchased_shares / same_date_filed_shares_outstanding * 100","kind":"derived_redemption_demand","metric":"redemptions_requested_pct","numerator":{"accession":"0001713407-26-000054","locator":"https://www.sec.gov/Archives/edgar/data/1713407/000171340726000054/oak-20260331.htm","name":"explicit_full_fill_repurchased_shares","period_end":"2026-03-31","raw_snippet":"January 2026 875,778 0.9 % $ 10.2369 875,778 — \| February 2026 965,070 1.0 % $ 10.3136 965,070 — \| March 2026 (5) 1,605,193 1.7 % $ 10.2721 1,290,648 —","value":3131496}}	100%	Pending	2% of net assets/month; 5% of net assets/quarter	always fully met over 44 periods (~4.2 yrs, Dec 2021 – Mar 2026)
CAIS Sports, Media & Entertainment Fund	tender offer	2026-06-15	0.0% of shares source Tender offer statement, amended (Schedule TO-I/A) · filed 2026-06-23 · period 2026-06-15 cached-liquidity-completion-v1-2026-08-07; formula explicit zero shares tendered / any positive outstanding shares = 0%; accession 0001580642-26-003873; cached-content SHA-256 3d0e1171b944e38535be5573af327f87b81a45a18b8ff49aac31435738069ae5; candidate SHA-256 ba30150239d8dc57c4f7fb1bd1c94e5e5bdac1c32b96e0e06dd984e47826077d; candidate work/public_truth_20260807_144119/W3/CANDIDATES.json “se defined herein shall have the meanings ascribed to them in the Offer to Purchase. The following information is furnished pursuant to Rule 13e-4(c)(4) under the Exchange Act: 1. The Offer expired at 12:00 midnight, Eastern Time, on June 15, 2026. 2. No Class I, Class D or Class S Shares were validly tendered and not withdrawn prior to the expiration of the Offer. Item 12(b). Filing Fee Calculation of Filing Fee Tables are attached herewith. 1 Signature After due inquiry and to the best of my knowledge ” Method Matched text template against the filing Open the filing on SEC.gov · Full observation history Technical locator https://www.sec.gov/Archives/edgar/data/2090145/000158064226003873/cais_sctoia.htm \| cached-liquidity-completion-v1-2026-08-07; formula explicit zero shares tendered / any positive outstanding shares = 0%; accession 0001580642-26-003873; cached-content SHA-256 3d0e1171b944e38535be5573af327f87b81a45a18b8ff49aac31435738069ae5; candidate SHA-256 ba30150239d8dc57c4f7fb1bd1c94e5e5bdac1c32b96e0e06dd984e47826077d; candidate work/public_truth_20260807_144119/W3/CANDIDATES.json	Pending	0%	Pending	always fully met over 1 periods
Calamos Aksia Alternative Credit & Income Fund	interval repurchase	2025-12-01	Pending	100%	Pending	5% of shares/quarter	always fully met over 3 periods (~0.5 yrs, Q2 2025 – Q4 2025)
Cantor Fitzgerald Infrastructure Fund	interval repurchase	None	Not disclosed	Pending	Pending	5% of shares/quarter	always fully met over 0 periods
Carlyle AlpInvest Private Markets Fund	tender offer	2026-02-27	0.4% of shares source Tender offer statement, amended (Schedule TO-I/A) · filed 2026-06-03 · period 2026-02-27 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator derived: tender_shares_requested_pct_outstanding (unified redemption view)	100%	Pending	5% of net assets/quarter	always fully met over 9 periods (~2.0 yrs, Q1 2024 – Q1 2026)
Carlyle Tactical Private Credit Fund	interval repurchase	2025-10-07	Pending	100%	Pending	5% of shares/quarter	always fully met over 12 periods (~3.5 yrs, Q1 2022 – Q4 2025)
Cascade Private Capital Fund	interval repurchase	2025-12-22	Pending	100%	Pending	5% of net assets/semiannual offer	always fully met over 4 periods (~1.5 yrs, Q2 2024 – Q4 2025)
Cion Ares Diversified Credit Fund	interval repurchase	2025-10-09	Pending	100%	Pending	5% of shares/quarter	always fully met over 16 periods (~3.7 yrs, Q1 2022 – Q4 2025)
Clarion Partners Real Estate Income Fund Inc.	interval repurchase	2026-01-14	Pending	100%	Pending	5% of shares/offer	always fully met over 24 periods (~5.7 yrs, Q2 2020 – Q1 2026)
Cliffwater Corporate Lending Fund watchlist	interval repurchase	2025-09-08	Pending	100%	Pending	5% of shares/offer	always fully met over 14 periods (~3.3 yrs, Q2 2022 – Q3 2025)
Cliffwater Enhanced Lending Fund	interval repurchase	2025-09-15	Pending	100%	Pending	5% of shares/quarter	always fully met over 13 periods (~3.3 yrs, Q2 2022 – Q3 2025)
FS Credit Real Estate Income Trust, Inc.	share-repurchase plan	2026-03-31	Pending	100%	Pending	2% of net assets/month; 5% of net assets/quarter	prorated 3× of 23 periods over ~6.0 yrs (Q1 2020 – Q1 2026); last gated Q2 2020
First Trust Alternative Opportunities Fund	interval repurchase	None	Not disclosed	Pending	Pending	5% of shares/offer	always fully met over 0 periods
Flat Rock Enhanced Income Fund	interval repurchase	None	Not disclosed	Pending	Pending	5% of shares/quarter	always fully met over 0 periods
Fundrise Income Real Estate Fund, LLC	interval repurchase	None	Not disclosed	Pending	Pending	5% of shares/quarter	always fully met over 0 periods
Hamilton Lane Private Assets Fund	tender offer	2026-03-09	Pending	100%	Pending	5% of net assets/quarter	always fully met over 12 periods (~4.9 yrs, Q2 2021 – Q1 2026)
ISQ Open Infrastructure Co LLC	tender offer	None	Not disclosed	Pending	Pending	Pending	always fully met over 0 periods
Invesco Commercial Real Estate Finance Trust, Inc.	share-repurchase plan	2026-03-31	Pending	100%	Pending	2% of net assets/month; 5% of net assets/quarter	always fully met over 15 periods (~1.7 yrs, Jun 2024 – Mar 2026)
Invesco Real Estate Income Trust Inc.	share-repurchase plan	2026-03-31	1.2% of shares source Quarterly report (Form 10-Q) · filed 2026-05-11 · period 2026-03-31 explicit_full_fill_repurchased_shares / same_date_filed_shares_outstanding * 100; numerator 0001756761-26-000063; denominator 0001756761-26-000063 “Full-fill identity: For the three months ended March 31, 2026 and 2025, we repurchased 272,889 and 355,116 shares of common stock for $ 7.1 million and $ 9.5 million, respectively, and fulfilled all repurchase requests that were made. \| Repurchased quantity: For the three months ended March 31, 2026 and 2025, we repurchased 272,889 and 355,116 shares of common stock for $ 7.1 million and $ 9.5 million, respectively, and fulfilled all repurchase requests that were made.” Why this source Both constituents are filed for the same fund and pass the recorded date, scale, and basis assertions. Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator {"assertions":{"basis":"shares_outstanding","candidate_artifact_sha256":"89e62c05bb5a338d60af7156df2384304f6e55782dbae9b5edc4875fa308c61e","full_fill_statement":{"accession":"0001756761-26-000063","cap_inference":"none","locator":"https://www.sec.gov/Archives/edgar/data/1756761/000175676126000063/inreit-20260331.htm","raw_snippet":"For the three months ended March 31, 2026 and 2025, we repurchased 272,889 and 355,116 shares of common stock for $ 7.1 million and $ 9.5 million, respectively, and fulfilled all repurchase requests that were made.","strict":true},"identity_yields_number_only":true,"no_under_cap_inference":true,"quantity_unit":"shares","same_date":true,"same_fund":true,"same_scale":true},"denominator":{"accession":"0001756761-26-000063","locator":"https://www.sec.gov/Archives/edgar/data/1756761/000175676126000063/inreit-20260331.htm","name":"filed_shares_outstanding","period_end":"2026-03-31","raw_snippet":"{'end': '2026-03-31', 'val': 23371063, 'accn': '0001756761-26-000063', 'fy': 2026, 'fp': 'Q1', 'form': '10-Q', 'filed': '2026-05-11', 'frame': 'CY2026Q1I', 'unit': 'shares'}","value":23371063.0},"formula":"explicit_full_fill_repurchased_shares / same_date_filed_shares_outstanding * 100","kind":"derived_redemption_demand","metric":"redemptions_requested_pct","numerator":{"accession":"0001756761-26-000063","locator":"https://www.sec.gov/Archives/edgar/data/1756761/000175676126000063/inreit-20260331.htm","name":"explicit_full_fill_repurchased_shares","period_end":"2026-03-31","raw_snippet":"For the three months ended March 31, 2026 and 2025, we repurchased 272,889 and 355,116 shares of common stock for $ 7.1 million and $ 9.5 million, respectively, and fulfilled all repurchase requests that were made.","value":272889}}	100%	Pending	2% of net assets/month; 5% of net assets/quarter	always fully met over 25 periods (~3.0 yrs, Mar 2023 – Mar 2026)
JLL Income Property Trust, Inc.	share-repurchase plan	2026-03-31	Pending	100%	Pending	5% of net assets/quarter	always fully met over 38 periods (~4.2 yrs, Dec 2021 – Mar 2026)
Jackson Credit Opportunities Fund	interval repurchase	2026-03-10	Pending	100%	Pending	5% of shares/quarter	always fully met over 8 periods (~1.7 yrs, Q2 2024 – Q1 2026)
KKR Asset-Based Finance Fund	interval repurchase	2026-01-09	Pending	100%	Pending	5% of shares/quarter	always fully met over 1 periods
KKR Asset-Based Income Fund	interval repurchase	None	Not disclosed	Pending	Pending	5% of shares/quarter	always fully met over 0 periods
KKR Infrastructure Conglomerate LLC	tender offer	None	Not disclosed	Pending	Pending	5% of net assets/quarter	always fully met over 0 periods
KKR Private Equity Conglomerate LLC watchlist	tender offer	None	Not disclosed	Pending	Pending	Pending	always fully met over 0 periods
Lord Abbett Credit Opportunities Fund	interval repurchase	2025-07-22	Pending	100%	Pending	5% of shares/offer	always fully met over 7 periods (~1.5 yrs, Q1 2024 – Q3 2025)
Nuveen Global Cities REIT, Inc.	share-repurchase plan	2026-03-31	Pending	100%	Pending	2% of net assets/month; 5% of net assets/quarter	always fully met over 42 periods (~4.2 yrs, Jan 2022 – Mar 2026)
Pimco Flexible Credit Income Fund	interval repurchase	2025-08-07	Pending	100%	Pending	5% of shares/quarter	prorated 1× of 3 periods over ~2.0 yrs (Q3 2023 – Q3 2025); last gated Q3 2023
Pimco Flexible Real Estate Income Fund	interval repurchase	2025-11-07	Pending	100%	Pending	5% of shares/quarter	always fully met over 7 periods (~1.5 yrs, Q2 2024 – Q4 2025)
Pomona Investment Fund	tender offer	2026-06-15	Pending	100%	Pending	5% of net assets/quarter	always fully met over 6 periods (~0.9 yrs, Q3 2025 – Q2 2026)
StepStone Private Credit Income Fund	interval repurchase	2025-12-15	Pending	100%	Pending	5% of shares/quarter	always fully met over 6 periods (~1.2 yrs, Q3 2024 – Q4 2025)
StepStone Private Equity Strategies Fund	interval repurchase	2026-03-16	Not disclosed	100%	Pending	5% of shares/semiannual offer	always fully met over 1 periods
StepStone Private Infrastructure Fund	interval repurchase	2026-03-16	Pending	100%	Pending	5% of shares/quarter	always fully met over 8 periods (~1.8 yrs, Q2 2024 – Q1 2026)
StepStone Private Markets watchlist	tender offer	2026-06-16	2.3% of net assets source Tender offer statement, amended (Schedule TO-I/A) · filed 2026-07-02 · period 2026-06-16 disclosed_dollar_demand / filed_total_net_assets * 100; numerator 0001193125-26-294042; denominator 0001213900-26-066828 “The net asset value of the Shares tendered pursuant to the Offer were calculated as of June 16, 2026 in the amount of $118,660,920.13 for Class I Shares, $2,856,990.36 for Class D Shares, $14,024,600.12 for Class S Shares, and $35,068.82 for Class R Shares.” Why this source Both constituents are filed for the same fund and pass the recorded date, scale, and basis assertions. Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator {"assertions":{"basis":"nav","denominator_age_days":77,"max_staleness_days":120,"numerator_components":[118660920.13,2856990.36,14024600.12,35068.82],"same_fund":true,"same_scale":true},"denominator":{"accession":"0001213900-26-066828","locator":"https://www.sec.gov/Archives/edgar/data/1789470/000121390026066828/ea0293635-01_ncsr.htm","name":"filed_total_net_assets","period_end":"2026-03-31","raw_snippet":"Class I: NA $4,370,857,226 (x1), 70,792,776 sh, NAV $61.74 \| Class D: NA $98,484,878 (x1), 1,608,723 sh, NAV $61.22 \| Class S: NA $1,356,082,339 (x1), 22,622,646 sh, NAV $59.94 \| Class R: NA $3,455,374 (x1), 57,639 sh, NAV $59.95","value":5828879817.0},"formula":"disclosed_dollar_demand / filed_total_net_assets * 100","kind":"derived_redemption_demand","metric":"redemptions_requested_pct_nav","numerator":{"accession":"0001193125-26-294042","locator":"https://www.sec.gov/Archives/edgar/data/1789470/000119312526294042/na-20260702.htm","name":"disclosed_dollar_demand","period_end":"2026-06-16","raw_snippet":"The net asset value of the Shares tendered pursuant to the Offer were calculated as of June 16, 2026 in the amount of $118,660,920.13 for Class I Shares, $2,856,990.36 for Class D Shares, $14,024,600.12 for Class S Shares, and $35,068.82 for Class R Shares.","value":135577579.43}}	100%	Pending	5% of shares/quarter	always fully met over 16 periods (~4.2 yrs, Q2 2022 – Q2 2026)
Stone Ridge Reinsurance Risk Premium Interval Fund	interval repurchase	None	Not disclosed	Pending	Pending	5% of net assets/quarter	always fully met over 0 periods
Variant Alternative Income Fund	interval repurchase	2023-09-15	Pending	100%	Pending	5% of shares/quarter	always fully met over 10 periods (~2.3 yrs, Q2 2021 – Q3 2023)

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.

Liquidity.

Watchlist

Private Credit

Private Equity

Private Real Estate

Infrastructure

Multi-strategy

Insurance-linked securities

Gating events (redemptions prorated)

Date	Fund	What happened
2026-06-30	Blue Owl Credit Income Corp.	Redemptions prorated for the period ending 2026-06-30: 18.8% requested, only 26.6% of requests fulfilled. The fund hit its redemption cap and rationed liquidity.
2026-06-18	Ares Strategic Income Fund	Redemptions prorated for the period ending 2026-06-18: 14.5% requested, only 34.7% of requests fulfilled. The fund hit its redemption cap and rationed liquidity.
2026-06-04	North Haven Private Income Fund LLC	Redemptions prorated for the period ending 2026-06-04: 12.0% requested, only 41.6% of requests fulfilled. The fund hit its redemption cap and rationed liquidity.
2026-03-31	Blue Owl Credit Income Corp.	Redemptions prorated for the period ending 2026-03-31: 21.9% requested, only 22.8% of requests fulfilled. The fund hit its redemption cap and rationed liquidity.
2026-03-31	Starwood Real Estate Income Trust, Inc.	Redemptions prorated for the period ending 2026-03-31: only 3.0% of requests fulfilled. The fund hit its redemption cap and rationed liquidity.
2026-03-30	KKR FS Income Trust	Redemptions prorated for the period ending 2026-03-30: 5.7% requested, only 80.0% of requests fulfilled. The fund hit its redemption cap and rationed liquidity.
2026-03-20	Ares Strategic Income Fund	Redemptions prorated for the period ending 2026-03-20: 11.6% requested, only 43.1% of requests fulfilled. The fund hit its redemption cap and rationed liquidity.
2026-03-16	Apollo Debt Solutions BDC	Redemptions prorated for the period ending 2026-03-16: 11.1% requested, only 45.2% of requests fulfilled. The fund hit its redemption cap and rationed liquidity.
2026-03-07	North Haven Private Income Fund LLC	Redemptions prorated for the period ending 2026-03-07: 10.5% requested, only 47.8% of requests fulfilled. The fund hit its redemption cap and rationed liquidity.
2026-03-04	HPS Corporate Lending Fund	Redemptions prorated for the period ending 2026-03-04: 9.3% requested, only 54.0% of requests fulfilled. The fund hit its redemption cap and rationed liquidity.
2026-02-28	Starwood Real Estate Income Trust, Inc.	Redemptions prorated for the period ending 2026-02-28: only 3.2% of requests fulfilled. The fund hit its redemption cap and rationed liquidity.
2026-02-28	Starwood Real Estate Income Trust, Inc.	Redemptions prorated for the period ending 2026-02-28: only 3.0% of requests fulfilled. The fund hit its redemption cap and rationed liquidity.
2026-02-27	Harrison Street Real Assets Fund LLC	Redemptions prorated for the period ending 2026-02-27: only 51.0% of requests fulfilled. The fund hit its redemption cap and rationed liquidity.
2026-02-03	Apollo Diversified Real Estate Fund	Redemptions prorated for the period ending 2026-02-03: only 27.0% of requests fulfilled. The fund hit its redemption cap and rationed liquidity.
2026-01-31	Starwood Real Estate Income Trust, Inc.	Redemptions prorated for the period ending 2026-01-31: only 3.5% of requests fulfilled. The fund hit its redemption cap and rationed liquidity.
2026-01-31	Starwood Real Estate Income Trust, Inc.	Redemptions prorated for the period ending 2026-01-31: only 3.0% of requests fulfilled. The fund hit its redemption cap and rationed liquidity.
2026-01-30	Harrison Street Real Estate Fund LLC	Redemptions prorated for the period ending 2026-01-30: 30.4% requested, only 16.0% of requests fulfilled. The fund hit its redemption cap and rationed liquidity.
2025-12-19	The Private Shares Fund	Redemptions prorated for the period ending 2025-12-19: 9.2% requested, only 54.5% of requests fulfilled. The fund hit its redemption cap and rationed liquidity.
2025-11-21	Harrison Street Real Assets Fund LLC	Redemptions prorated for the period ending 2025-11-21: only 51.0% of requests fulfilled. The fund hit its redemption cap and rationed liquidity.
2025-11-06	BlackRock HPS Credit Strategies Fund	Redemptions prorated for the period ending 2025-11-06: 11.1% requested, only 63.4% of requests fulfilled. The fund hit its redemption cap and rationed liquidity.
2025-11-04	Apollo Diversified Real Estate Fund	Redemptions prorated for the period ending 2025-11-04: only 30.0% of requests fulfilled. The fund hit its redemption cap and rationed liquidity.
2025-10-24	Harrison Street Real Estate Fund LLC	Redemptions prorated for the period ending 2025-10-24: 26.7% requested, only 22.0% of requests fulfilled. The fund hit its redemption cap and rationed liquidity.
2025-10-15	First Eagle Credit Opportunities Fund	Redemptions prorated for the period ending 2025-10-15: only 21.6% of requests fulfilled. The fund hit its redemption cap and rationed liquidity.
2025-09-30	Starwood Real Estate Income Trust, Inc.	Redemptions prorated for the period ending 2025-09-30: only 4.0% of requests fulfilled. The fund hit its redemption cap and rationed liquidity.
2025-09-19	The Private Shares Fund	Redemptions prorated for the period ending 2025-09-19: 11.9% requested, only 42.0% of requests fulfilled. The fund hit its redemption cap and rationed liquidity.
2025-08-31	Starwood Real Estate Income Trust, Inc.	Redemptions prorated for the period ending 2025-08-31: only 4.0% of requests fulfilled. The fund hit its redemption cap and rationed liquidity.
2025-08-22	Harrison Street Real Assets Fund LLC	Redemptions prorated for the period ending 2025-08-22: only 47.0% of requests fulfilled. The fund hit its redemption cap and rationed liquidity.