The AFA Asset Based Lending Fund (formerly known as the AFA Private Credit Fund) is a non-diversified, closed-end management investment company that operates as an interval fund. Its primary investment objective is to provide a high level of current income, with capital appreciation as a secondary objective. The Fund seeks to achieve this by investing at least 80% of its assets in asset-based lending investments, either directly or indirectly. Using a multi-manager strategy, the Fund allocates assets across investment vehicles managed by institutional managers focused on private credit and may also invest directly in private loans and private credit securities. The Fund conducts quarterly repurchase offers for no less than 5% of its shares and is managed by Alternative Fund Advisors, LLC, with Atrato Consulting (a division of F.L. Putnam Investment Management Company, Inc.) serving as sub-adviser.
News and Notices
Pimco
2022
'40 Act
Interval CEF
USD
Quarterly
Daily
0.75%
April 30
News and Notices
Portfolio Holdings
Portfolio Composition
Growth
Capital Flows
Tender Offers
Share Classes
Returns
Fees
Ownership
Operating Metrics
Per Page
10
Notices
Sep 26, 2025
09:59
Compliance
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PIMCO Flexible Real Estate Income Fund reported its annual fund voting information for 2026, identifying Pacific Investment Management as the sole included manager and Bijal Parikh, Treasurer (Principal Financial & Accounting Officer), as signatory on August 26, 2026.
Oct 24, 2025
17:27
Compliance
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PIMCO Funds and related PIMCO vehicles renewed a joint fidelity bond for July 1, 2026 to July 1, 2027, providing $225 million of coverage. Premiums are paid through July 1, 2027, and recoveries are allocated equitably among covered vehicles.
Feb 07, 2024
16:12
Compliance, Personnel
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Jason William Mandinach appointed four PIMCO attorneys-in-fact for Section 16 reporting across 21 PIMCO registered investment companies and business development companies. The appointees may execute ownership and transaction reports until his reporting obligations end or he revokes the authorization.
Feb 06, 2025
19:19
Ownership
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Daniel J. Ivascyn's disclosed beneficial ownership of PIMCO Flexible Real Estate Income Fund decreased from 7.5% to 6.5%, based on outstanding common shares increasing from 55.2 million to 63.7 million as of June 30, 2026.
May 02, 2024
11:30
Fees, Redemptions
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PIMCO Flexible Real Estate Income Fund opened a quarterly repurchase offer for up to 5% of outstanding shares from July 2 to August 5, 2026. Shareholders must submit requests by August 5; accepted shares carry no repurchase fee.
Nov 26, 2023
19:57
Personnel
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PIMCO Flexible Real Estate Income Fund amended its annual report to add Kym M. Hubbard and Alan Alperin to the Audit Oversight Committee. No other changes were made to the original filing.
Jul 21, 2025
19:29
Ownership, Personnel, Subscriptions
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Matthew Sands Michalovsky, Portfolio Manager at PIMCO Flexible Real Estate Income Fund, reported indirect acquisition of 19,193.858 Common Shares at $10.42 per share through DCP on 05/19/2026.
Jul 21, 2025
19:29
Compliance, Personnel
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Matthew Sands Michalovsky granted four PIMCO officers and counsel power of attorney to sign and amend Forms 3, 4, and 5 and related SEC access documents for 21 PIMCO funds, including PIMCO Capital Solutions BDC Corp.
Dec 30, 2024
16:17
Marketing Materials, Redemptions
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PIMCO Flexible Real Estate Income Fund updated its Prospectus and SAI with current financials, including $349.5 million of net assets, 40.8 million Institutional Class Shares, 11.5 million Class F Shares, and 125 Preferred Shares outstanding. The update also reiterates quarterly repurchase offers of 5% of Common Shares at NAV and the Fund’s REIT and leverage framework.
Mar 01, 2025
13:30
Redemptions
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PIMCO Flexible Real Estate Income Fund offered to repurchase up to 5% of outstanding shares at NAV in its quarterly repurchase offer, with requests due May 5, 2026 and March 30, 2026 NAV of $10.36 per share. Shareholders must submit tenders by the deadline to participate, and repurchased shares will be paid after the Repurchase Pricing Date.
Preview
PIMCO Flexible Real Estate Income Fund
PIMCO is responsible for managing PIMCO Flexible Real Estate Income Fund.
PIMCO Flexible Real Estate Income Fund launched in 2022.
PIMCO Flexible Real Estate Income Fund is registered as a '40 Act fund.
PIMCO Flexible Real Estate Income Fund is structured as a Interval CEF fund.
You can invest in PIMCO Flexible Real Estate Income Fund by meeting its eligibility requirements and subscribing through the fund's offering process or an approved platform. Visit their website for more details.
You can invest in PIMCO Flexible Real Estate Income Fund daily, subject to eligibility and fund subscription deadlines.
You can redeem shares of PIMCO Flexible Real Estate Income Fund quarterly, subject to redemption limits and notice requirements.
Shares of PIMCO Flexible Real Estate Income Fund can be purchased in USD.
PIMCO Flexible Real Estate Income Fund's fiscal year end is April 30.
PIMCO Flexible Real Estate Income Fund's net asset value was $588.9 million and its portfolio had a fair value of $687.6 million as of March 31, 2026.
Among other deal types, PIMCO Flexible Real Estate Income Fund primarily makes Debt Investments and Fund Investments.
Among other asset classes, PIMCO Flexible Real Estate Income Fund primarily invests in Short-Term and CLO-CDO-CMO.
Among other regions, PIMCO Flexible Real Estate Income Fund primarily invests in the USA.
PIMCO Flexible Real Estate Income Fund charges a 1.25% annual management fee, which is calculated based on NAV.
You can invest in REFRX shares with a minimum initial investment of $2,500.
There is no minimum subsequent investment for REFLX shares, allowing you to invest any amount.
You will be subject to paying an early repurchase/redemption fee of 0%.
PIMCO Flexible Real Estate Income Fund's REFLX share class generated an annualized 1-month return of 11.16% and since-inception return of 8.80% as of December 31, 2025.
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