Public Alternative Funds Archive - 2016: UPDATED

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Fund Name: Lazard Real Assets and Pricing Opportunities Fund
Adviser: Lazard Asset Management LLC
Sub-Adviser(s): None
Fees: 0.70% Management Fee
Open- or Closed-End: Open-End (Mutual fund)
Investor Restrictions: $100,000 minimum initial investment for institutional shares, $2,500 for open shares; $1 million minimum initial investment for R6 shares
Filing Date: Dec. 14, 2016
Effective Date: Dec. 30, 2016
   
Fund Name: VanEck Coastland Online Consumer Finance Fund
Adviser: Van Eck Associates Corporation
Sub-Adviser(s): Coastland Capital LLC
Fees: Not specified
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: $1 million minimum initial investment; minimum subsequent investment not specified.
Filing Date: Dec. 30, 2016
Effective Date: Pending
   
Fund Name: Eaton Vance High Income 2022 Target Term Trust
Adviser: Eaton Vance Management
Sub-Adviser(s): None
Fees: Not specified
Open- or Closed-End: Closed-End (Exchange traded)
Investor Restrictions: Minimum investment of 100 common shares
Filing Date: Dec. 20, 2016
Effective Date: Pending
   
Fund Name: FS Diversified Income Fund
Adviser: FS Diversified Income Advisor LLC
Sub-Adviser(s): Not specified
Fees: Not specified
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: $2,500 minimum investment for regular accounts, $1,000 for retirement plan accounts; $100 minimum subsequent investment for regular accounts, $50 for retirement plan accounts (Class A and C); Minimum initial investment for Class I shares not specified, subsequent investments may be made in any amount.
Filing Date: Dec. 13, 2016
Effective Date: Pending
   
Fund Name: BlackRock 2022 Global Income Opportunity Trust
Adviser: BlackRock Advisers LLC
Sub-Adviser(s): None
Fees: Not specified
Open- or Closed-End: Closed-End (Exchange traded)
Investor Restrictions: Minimum investment of 100 common shares ($1,000)
Filing Date: Dec. 6, 2016
Effective Date: Pending
   
Fund Name: City National Rochdale Reinsurance Premium Fund
Adviser: City National Rochdale LLC
Sub-Adviser(s): None
Fees: 0.5% Management Fee
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: Minimum Investment: By or through an RIA or intermediary= $1 million per RIA or intermediary; Direct Investment= $1 million
Filing Date: Dec. 5, 2016
Effective Date: Pending
   
Fund Name: PIMCO Flexible Credit Income Fund
Adviser: Pacific Investment Management Company LLC
Sub-Adviser(s): None
Fees: Not specified
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: Not specified
Filing Date: Nov. 3, 2016
Effective Date: Pending
   
Fund Name: Steadfast Alcentra Global Credit Fund
Adviser: Steadfast Investment Adviser LLC
Sub-Adviser(s): Alcentra NY LLC
Fees: Management Fee: 2% of gross assets up to and including $500 million; 1.75% of gross assets over $500 million and up to and including $1 billion; and 1.50% of gross assets over $1 billion
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: $4,000 minimum initial investment (Class A, T and D); $10,000 minimum initial investment (Class I); Additional purchases in $500 increments, unless made pursuant to the DRP or as otherwise permitted by the Fund
Filing Date: Nov. 3, 2016
Effective Date: Pending
   
Fund Name: Sierra Opportunity Fund
Adviser: SOF Advisors LLC
Sub-Adviser(s): None
Fees: 2% Management Fee; 20% incentive fee on pre-incentive net investment income with a 6% annualized hurdle and a catch up feature
Open- or Closed-End: Closed-End (Annual repurchase)
Investor Restrictions: $2,500 minimum initial investment for regular accounts, $1,000 for retirement plan accounts (Class A); $2,500 minimum initial investment for regular and retirement plan accounts (Class T); minimum subsequent investment of $100 under the fund's automatic investment program or $1,000 (Class A and Class T); $2 million minimum initial investment, no minimum subsequent investment (Class I)
Filing Date: Oct. 31, 2016
Effective Date: Pending
   
Fund Name: FS Energy Total Return Fund
Adviser: FS Energy Advisor LLC
Sub-Adviser(s): Magnetar Asset Management LLC
Fees: 1.75% Management Fee on gross assets
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: $2,500 minimum initial investment for regular accounts, $1,000 for retirement plan accounts, $100 minimum subsequent investment for regular accounts, $50 for retirement plan accounts (Class A and C); minimum investment for Class I not specified
Filing Date: Oct. 25, 2016
Effective Date: Pending
   
Fund Name: Versus Capital Real Assets Fund LLC
Adviser: Versus Capital Advisors LLC
Sub-Adviser(s): None
Fees: $1.15% Management Fee
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: $10 million minimum initial investment
Filing Date: Oct. 19, 2016
Effective Date: Pending
   
Fund Name: NorthStar/Townsend Institutional Real Estate Fund Inc.
Adviser: Townsend Holdings LLC
Sub-Adviser(s): NSAM B-TCEF Ltd.
Fees: 1.5% Management Fee
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: $2,500 minimum initial investment, $100 minimum subsequent investment (Class A and C); $25,000 minimum initial investment (Class I)
Filing Date: Oct. 19, 2016
Effective Date: Pending
   
Fund Name: First Trust Senior Floating Rate 2022 Target Term Fund
Adviser: First Trust Advisors L.P.
Sub-Adviser(s): None
Fees: Not specified
Open- or Closed-End: Closed-End (Exchange traded)
Investor Restrictions: None specified
Filing Date: Oct. 14, 2016
Effective Date: Pending
   
Fund Name: Nuveen Preferred & Income 2022 Term Fund
Adviser: Nuveen Fund Advisors LLC
Sub-Adviser(s): Nuveen Asset Management LLC
Fees: Not specified
Open- or Closed-End: Closed-End (Exchange traded)
Investor Restrictions: None specified
Filing Date: Oct. 11, 2016
Effective Date: Pending
   
Fund Name: Nuveen Credit Opportunities 2024 Target Term Fund
Adviser: Nuveen Fund Advisors LLC
Sub-Adviser(s): Symphony Asset Management LLC
Fees: Annual management fee to a maximum of 0.7% of the fund's average daily managed assets.
Open- or Closed-End: Closed-End (Exchange traded)
Investor Restrictions: Minimum investment of 100 common shares
Filing Date: Oct. 3, 2016
Effective Date: Pending
   
Fund Name: Nuveen Credit Opportunities 2022 Target Term Fund
Adviser: Nuveen Fund Advisors LLC
Sub-Adviser(s): Symphony Asset Management LLC
Fees: Annual management fee to a maximum of 0.7% of the fund's average daily managed assets.
Open- or Closed-End: Closed-End (Exchange traded)
Investor Restrictions: Minimum investment of 100 common shares
Filing Date: Oct. 3, 2016
Effective Date: Pending
   
Fund Name: Nuveen Credit Opportunities 2020 Target Term Fund
Adviser: Nuveen Fund Advisors LLC
Sub-Adviser(s): Symphony Asset Management LLC
Fees: Annual management fee to a maximum of 0.7% of the fund's average daily managed assets.
Open- or Closed-End: Closed-End (Exchange traded)
Investor Restrictions: Minimum investment of 100 common shares
Filing Date: Oct. 3, 2016
Effective Date: Pending
   
Fund Name: ACA/Prism Multi-Strat Alternatives Fund
Adviser: Crow Point Partners LLC
Sub-Adviser(s): Alternative Capital Advisers LLC
Fees: Advisory fee at the annual rate of 0.75% of the fund's average daily gross invested assets; The Adviser will also receive a fulcrum fee of between 0% and 1.50%, calculated using an annual base advisory fee rate of a specified amount of the average daily net assets of the Fund, adjusted by the Fund’s performance over a rolling 12-month period relative to the HFRI Fund of Funds Conservative Index.
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: $25,000 minimum initial investment; $10,000 minimum subsequent investment
Filing Date: Sept. 13, 2016
Effective Date: Pending
   
Fund Name: TCW Diversified High Income 2021 Target Term Fund
Adviser: TCW Investment Management Company LLC
Sub-Adviser(s): None
Fees: Not specified
Open- or Closed-End: Closed-End (Exchange traded)
Investor Restrictions: Minimum investment of 100 common shares
Filing Date: Aug. 30, 2016
Effective Date: Pending
   
Fund Name: Partners Group Private Income Opportunities LLC
Adviser: Partners Group (USA) Inc.
Sub-Adviser(s): None
Fees: Not specified
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: Accredited investor; Unspecified minimum investments
Filing Date: Aug. 30, 2016
Effective Date: Pending
   
Fund Name: Crow Point Technology Opportunity 2021 Target Conversion Trust
Adviser: Crow Point Partners LLC
Sub-Adviser(s): Recon Capital Partners LLC
Fees: Not specified
Open- or Closed-End: Closed-End (Exchange traded)
Investor Restrictions: Minimum initial investment of 100 common shares
Filing Date: Aug. 30, 2016
Effective Date: Pending
   
Fund Name: Invesco High Income 2023 Target Term Fund
Adviser: Invesco Advisers Inc.
Sub-Adviser(s): Invesco Asset Management Deutschland Gmbh, Invesco Asset Management Ltd., Invesco Asset Management (Japan) Ltd., Invesco Hong Kong Ltd., Invesco Senior Secured Management Inc., Invesco Canada Ltd.
Fees: Not specified
Open- or Closed-End: Closed-End (Annual repurchase)
Investor Restrictions: Minimum investment of 100 common shares
Filing Date: Aug. 29, 2016
Effective Date: Pending
   
Fund Name: Peachtree Alternative Strategies Fund
Adviser: Homrich & Berg Inc.
Sub-Adviser(s): ABS Investment Management LLC
Fees: 1% Management Fee
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: Accredited investor; $25,000 minimum initial investment, $5,000 minimum subsequent investment
Filing Date: Aug. 24, 2016
Effective Date: Pending
   
Fund Name: Brookfield Real Assets Income Fund Inc.
Adviser: Brookfield Investment Management Inc.
Sub-Adviser(s): Schroder Investment Management North America Inc.
Fees: 1.00% of average daily managed assets
Open- or Closed-End: Closed-End
Investor Restrictions: Not specified
Filing Date: Aug. 10, 2016
Effective Date: July 12, 2016
   
Fund Name: XAI Octagon Credit Opportunities Alternative Registered Trust - Brokerage Feeder
Adviser: XA Investments LLC
Sub-Adviser(s): Octagon Credit Investors LLC
Fees: Not specified
Open- or Closed-End: Closed-End (Quarterly repurchase; Feeder fund)
Investor Restrictions: None specified
Filing Date: Aug. 8, 2016
Effective Date: Pending
   
Fund Name: Relative Value Fund
Adviser: Vivaldi Asset Management LLC
Sub-Adviser(s): RiverNorth Capital Management LLC
Fees: 1.5% Management Fee
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: $1,000 minimum initial investment
Filing Date: Aug. 8, 2016
Effective Date: Pending
   
Fund Name: Federated Project & Trade Finance Tender Fund
Adviser: Federated Investment Management Company
Sub-Adviser(s): Federated Investors (UK) LLP
Fees: 0.50% management fee on the average daily value of the fund's total managed assets
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: $500,000 minimum initial investment; $25,000 minimum subsequent investment
Filing Date: July 21, 2016
Effective Date: Pending
   
Fund Name: Pioneer ILS Bridge Fund
Adviser: Pioneer Investment Management Inc.
Sub-Adviser(s): None
Fees: Not specified
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: $1 million minimum initial investment (per registered investment adviser or intermediary if made through an adviser or intermediary, or per individual investor if made directly)
Filing Date: July 15, 2016
Effective Date: Pending
   
Fund Name: NB Crossroads Private Markets Fund IV (TE) - Custody Client LLC
Adviser: Neuberger Berman Investment Advisers LLC
Sub-Adviser(s): NB Alternatives Advisers LLC
Fees: Master Fund pays 0.10% during the first 12 months following the Master Fund's commencement of operations; 0.55% beginning in year two through the end of year eight from the commencement of operations and then 0.30% for the remaining life of the Master Fund.
Open- or Closed-End: Closed-End (Feeder fund)
Investor Restrictions: Certain U.S. tax-exempt entities that are accredited investors and qualified clients (as specified in filing); $50,000 minimum capital commitment
Filing Date: July 13, 2016
Effective Date: Pending
   
Fund Name: NB Crossroads Private Markets Fund IV (TE) - Client LLC
Adviser: Neuberger Berman Investment Advisers LLC
Sub-Adviser(s): NB Alternatives Advisers LLC
Fees: Master Fund pays 0.10% during the first 12 months following the Master Fund's commencement of operations; 0.55% beginning in year two through the end of year eight from the commencement of operations and then 0.30% for the remaining life of the Master Fund.
Open- or Closed-End: Closed-End (Feeder fund)
Investor Restrictions: Certain U.S. tax-exempt entities that are accredited investors and qualified clients (as specified in filing); $50,000 minimum capital commitment
Filing Date: July 13, 2016
Effective Date: Pending
   
Fund Name: NB Crossroads Private Markets Fund IV (TI) Client LLC
Adviser: Neuberger Berman Investment Advisers LLC
Sub-Adviser(s): NB Alternatives Advisers LLC
Fees: Master Fund pays 0.10% during the first 12 months following the Master Fund's commencement of operations; 0.55% beginning in year two through the end of year eight from the commencement of operations and then 0.30% for the remaining life of the Master Fund.
Open- or Closed-End: Closed-End (Feeder fund)
Investor Restrictions: Accredited investors; Qualified clients; $50,000 minimum capital commitment
Filing Date: July 13, 2016
Effective Date: Pending
   
Fund Name: RiverPark Commercial Real Estate Fund
Adviser: RiverPark Advisors LLC
Sub-Adviser(s): Talimco LLC
Fees: 0.65% Management Fee
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: $100,000 minimum initial investment
Filing Date: July 11, 2016
Effective Date: Pending
   
Fund Name: RiverNorth/DoubleLine Strategic Opportunity Fund
Adviser: RiverNorth Capital Management LLC
Sub-Adviser(s): DoubleLine Capital LP
Fees: Not specified
Open- or Closed-End: Closed-End (To be NYSE listed)
Investor Restrictions: Not specified
Filing Date: July 1, 2016
Effective Date: Pending
   
Fund Name: CION Ares Diversified Credit Fund
Adviser: CION Ares Management LLC
Sub-Adviser(s): Unspecified entity affiliated with Ares Management LLC
Fees: 1.5% Management Fee; and Non-specified percentage of quarterly pre-incentive fee net investment income.
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: $2,500 minimum initial investment (regular accounts); $1,000 minimum initial investment (retirement plan accounts)
Filing Date: June 30, 2016
Effective Date: Pending
   
Fund Name: NuShares Enhanced Yield U.S. Aggregate Bond ETF
Adviser: Nuveen Fund Advisors LLC
Sub-Adviser(s): Teachers Advisors Inc.
Fees: Not specified
Open- or Closed-End: Open-End (Exchange traded)
Investor Restrictions: Not specified
Filing Date: June 15, 2016
Effective Date: Pending
   
Fund Name: Griffin Institutional Access Global Credit Fund
Adviser: Not specified (The Adviser is an indirect majority-owned subsidiary of Griffin Capital Corporation)
Sub-Adviser(s): Not specified
Fees: Not specified
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: $2,500 minimum initial investment for regular accounts, $1,000 for retirement plan accounts; $100 minimum subsequent investment for regular accounts, $50 for retirement plan accounts (Class A and C)
Filing Date: June 3, 2016
Effective Date: Pending
   
Fund Name: NexPoint Merger Arbitrage Fund
Adviser: NexPoint Advisors LP
Sub-Adviser(s): None
Fees: 1.25% Management Fee (on daily gross assets)
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: $500 minimum initial investment for regular accounts, $50 for retirement accounts, $50 minimum subsequent investment (Class A and C); $100,000 minimum initial investment (Class Z)
Filing Date: April 19, 2016
Effective Date: Pending
   
Fund Name: NexPoint Latin American Opportunities Fund
Adviser: NexPoint Advisors LP
Sub-Adviser(s): None
Fees: 1.25% Management Fee (on daily gross assets)
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: $500 minimum initial investment for regular accounts, $50 for retirement accounts, $50 minimum subsequent investment (Class A and C); $100,000 minimum initial investment (Class Z)
Filing Date: March 24, 2016
Effective Date: Pending
   
Fund Name: NexPoint Distressed Strategies Fund
Adviser: NexPoint Advisors LP
Sub-Adviser(s): None
Fees: 1.25% Management Fee (on daily gross assets)
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: $500 minimum initial investment for regular accounts, $50 for retirement accounts, $50 minimum subsequent investment (Class A and C); $100,000 minimum initial investment (Class Z)
Filing Date: March 24, 2016
Effective Date: Pending
   
Fund Name: First Trust Strategic Mortgage REIT ETF
Adviser: First Trust Advisors LP
Sub-Adviser(s): None
Fees: 0.85% Management Fee
Open- or Closed-End: Open-End (Exchange traded)
Investor Restrictions: Not specified
Filing Date: March 14, 2016
Effective Date: Pending
   
Fund Name: First Trust Long/Short Currency Strategy ETF
Adviser: First Trust Advisors LP
Sub-Adviser(s): First Trust Global Portfolios Ltd.
Fees: Not specified
Open- or Closed-End: Open-End (Exchange traded)
Investor Restrictions: Not specified
Filing Date: March 14, 2016
Effective Date: Pending
   
Fund Name: First Trust Equity Market Neutral ETF
Adviser: First Trust Advisors LP
Sub-Adviser(s): Perella Weinberg Partners Capital Management LP
Fees: Not specified
Open- or Closed-End: Open-End (Exchange traded)
Investor Restrictions: Not specified
Filing Date: March 14, 2016
Effective Date: Pending
   
Fund Name: First Trust CEF Income Opportunity ETF
Adviser: First Trust Advisors LP
Sub-Adviser(s): None
Fees: Not specified
Open- or Closed-End: Open-End (Exchange traded)
Investor Restrictions: Not specified
Filing Date: March 14, 2016
Effective Date: Pending
   
Fund Name: First Trust Municipal CEF Income Opportunity ETF
Adviser: First Trust Advisors LP
Sub-Adviser(s): None
Fees: Not specified
Open- or Closed-End: Open-End (Exchange traded)
Investor Restrictions: Not specified
Filing Date: March 14, 2016
Effective Date: Pending
   
Fund Name: NexPoint Healthcare Opportunities Fund
Adviser: NexPoint Advisors LP
Sub-Adviser(s): None
Fees: 1.25% Management Fee on gross assets (Class A, C and Z)
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: $500 minimum initial investment for regular accounts, $50 for retirement accounts, $50 minimum subsequent investment (Class A and C); $100,000 minimum initial investment (Class Z)
Filing Date: March 4, 2016
Effective Date: Pending
   
Fund Name: NexPoint Energy Opportunities Fund
Adviser: NexPoint Advisors LP
Sub-Adviser(s): None
Fees: 1.25% Management Fee on gross assets (Class A, C and Z)
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: $500 minimum initial investment for regular accounts, $50 for retirement accounts, $50 minimum subsequent investment (Class A and C); $100,000 minimum initial investment (Class Z)
Filing Date: March 3, 2016
Effective Date: Pending
   
Fund Name: NexPoint Discount Yield Fund
Adviser: NexPoint Advisors LP
Sub-Adviser(s): None
Fees: 1.25% Management Fee on gross assets (Class A, C and Z)
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: $500 minimum initial investment for regular accounts, $50 for retirement accounts, $50 minimum subsequent investment (Class A and C); $100,000 minimum initial investment (Class Z)
Filing Date: March 3, 2016
Effective Date: Pending
   
Fund Name: FEG Directional Access TEI Fund
Adviser: FEG Investors LLC
Sub-Adviser(s): InterOcean Capital LLC
Fees: 0.85% Management Fee
Open- or Closed-End: Closed-End (Twice-annual repurchase; Feeder fund)
Investor Restrictions: Accredited investors; $50,000 minimum initial investment; $25,000 minimum subsequent investment
Filing Date: Feb. 24, 2016
Effective Date: Pending
   
Fund Name: FS Global Credit Opportunities Fund - ADV
Adviser: FS Global Advisor LLC
Sub-Adviser(s): GSO Capital Partners LP
Fees: 2% management fee on gross assets (at the Master Fund level); 20% of pre-incentive fee net investment income that exceeds 11.25% per year measured quarterly, once return on adjusted capital exceeds 9% per year, with a catch-up provision (at the Master Fund level)
Open- or Closed-End: Closed-End (Quarterly repurchase; Feeder fund)
Investor Restrictions: $5,000 minimum initial investment; $500 minimum subsequent investment
Filing Date: Feb. 22, 2016
Effective Date: Pending
   
Fund Name: FS Global Credit Opportunities Fund - T
Adviser: FS Global Advisor LLC
Sub-Adviser(s): GSO Capital Partners LP
Fees: 2% management fee on gross assets (at the Master Fund level); 20% of pre-incentive fee net investment income that exceeds 11.25% per year measured quarterly, once return on adjusted capital exceeds 9% per year, with a catch-up provision (at the Master Fund level)
Open- or Closed-End: Closed-End (Quarterly repurchase; Feeder fund)
Investor Restrictions: $5,000 minimum initial investment; $500 minimum subsequent investment
Filing Date: Feb. 22, 2016
Effective Date: Pending
   
Fund Name: Sierra Total Return Fund
Adviser: Sierra Total Return Fund Advisors LLC
Sub-Adviser(s): None
Fees: Not specified
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: $2,500 minimum initial investment for regular accounts, $1,000 for retirement accounts (Class A); $2,500 minimum initial investment for regular and retirement accounts (Class T); and $2 million minimum initial investment (Class I)
Filing Date: Feb. 12, 2016
Effective Date: Pending
   
Fund Name: Oppenheimer Macquarie Global Infrastructure Fund
Adviser: OFI Global Asset Management Inc.
Sub-Adviser(s): OppenheimerFunds Inc. (sub-adviser), Macquarie Capital Investment Management LLC (sub-sub-adviser)
Fees: 0.9% Management Fee
Open- or Closed-End: Open-End (Mutual fund)
Investor Restrictions: $1,000 minimum initial investment (Class A, C, R and Y); $500 minimum initial investment for Traditional and Roth IRA, Asset Builder Plan, Automatic Exchange Plan and government allotment plan accounts; No minimum initial investment for wrap fee-based programs, salary reduction plans and other retirement plans and accounts.
Filing Date: Feb. 6, 2016
Effective Date: May 23, 2016
   
Fund Name: NorthStar Real Estate Capital Income Master Fund
Adviser: NSAM B-RECF Ltd.
Sub-Adviser(s): NSAM US-RECF LLC
Fees: 2% management fee on gross assets; 20% of pre-incentive fee net investment income that exceeds 8.75% per year measured quarterly, once return on adjusted capital exceeds 7% per year, with a catch-up provision
Open- or Closed-End: Closed-End (Quarterly repurchase; Master fund)
Investor Restrictions: Accredited investors
Filing Date: Feb. 4, 2016
Effective Date: Pending
   
Fund Name: NorthStar Real Estate Capital Income Fund-T
Adviser: NSAM B-RECF Ltd.
Sub-Adviser(s): NSAM US-RECF LLC
Fees: 2% management fee on gross assets (at the Master Fund level); 20% of pre-incentive fee net investment income that exceeds 8.75% per year measured quarterly, once return on adjusted capital exceeds 7% per year, with a catch-up provision (at the Master Fund level)
Open- or Closed-End: Closed-End (Quarterly repurchase; Feeder fund)
Investor Restrictions: $4,000 minimum initial investment; $500 minimum subsequent investment
Filing Date: Feb. 4, 2016
Effective Date: Pending
   
Fund Name: NexPoint Real Estate Strategies Fund
Adviser: NexPoint Advisors LP
Sub-Adviser(s): None
Fees: 1.25% Management Fee
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: $2,500 minimum initial investment (Class A and C); $100,000 minimum initial investment (Class Z); $50 minimum initial investment (retirement accounts); $50 minimum subsequent investments
Filing Date: Jan. 19, 2016
Effective Date: Pending

 

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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