Variant Alternative Lending Fund is a Delaware statutory trust registered under the Investment Company Act of 1940 as a non-diversified, closed-end management investment company and operates as an interval fund. The Fund seeks a high level of current income while prioritizing capital preservation, with capital appreciation as a secondary objective. Its strategy invests at least 80% of net assets plus investment borrowings in senior secured Alternative Lending Investments, primarily through directly originated senior secured credit facilities. These investments span specialty finance, litigation finance, real estate debt, transportation finance, portfolio and trade finance, royalties, warehouse facilities, and secondary purchases of private credit funds, with Variant Investments, LLC serving as investment adviser.
News and Notices
Variant Investments
2024
'40 Act
Interval CEF
USD
Quarterly
Daily
April 30
News and Notices
Portfolio Holdings
Portfolio Composition
Growth
Capital Flows
Share Classes
Returns
Fees
Ownership
Operating Metrics
Per Page
10
Notices
Jan 18, 2024
16:52
Compliance
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Variant Alternative Lending Fund reported an annual proxy voting notice for calendar year 2026, with 0 series listed and no proxy voting records presented. Investors have no portfolio proxy voting details to review from this report.
Aug 29, 2024
13:33
Redemptions, Subscriptions
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Variant Alternative Lending Fund reported $83.7 million of securities sold and $8.6 million redeemed or repurchased for the fiscal year ended April 30, 2026. The fund reported net sales of $0 and no registration fee or interest due.
Apr 24, 2025
14:35
Performance, Redemptions
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Variant Alternative Lending Fund launched its quarterly share repurchase for up to 5% of outstanding shares, with Institutional shares at $24.32 net asset value on July 23, 2026. Requests are due by 4:00 p.m. Eastern Time on August 14, 2026.
Jul 24, 2025
11:54
Redemptions
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Variant Alternative Lending Fund launched its quarterly repurchase offer for up to 5% of outstanding shares, with Institutional shares at $24.46 on April 23, 2026. Shareholders seeking liquidity must submit requests by 4:00 p.m. Eastern Time on May 15, 2026.
Feb 23, 2025
12:22
Redemptions
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Variant Alternative Lending Fund opened a quarterly repurchase offer for up to 5% of shares, plus a possible additional 2%. Shareholder requests are due February 13, 2026, with payment within seven calendar days after pricing.
Aug 09, 2024
15:09
Redemptions
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Variant Alternative Lending Fund reported final tender offer results: 2,178 shareholders validly tendered by November 14, 2025, and $4.2 million was accepted for purchase, compared with the previously disclosed aggregate amount up to $4.1 million.
May 16, 2025
14:39
Redemptions
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Variant Alternative Lending Fund launched a tender offer to repurchase up to 5.00% of net assets, about $4.1 million or 162,415 shares at net asset value. Investors seeking liquidity must submit transmittal materials by 4:00 p.m. Eastern Time on November 14, 2025.
May 14, 2024
14:05
Redemptions
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Variant Alternative Lending Fund seeks shareholder approval to adopt a quarterly repurchase policy and convert from a tender offer fund to an interval fund. If approved, repurchases would occur quarterly at net asset value, currently expected at 5% of shares.
Feb 14, 2025
11:22
Redemptions
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Variant Alternative Lending Fund reported final tender results: no shareholders validly tendered shares by the August 15, 2025 deadline, so no shares were accepted for purchase under the $3.2 million repurchase.
May 14, 2025
11:21
Redemptions
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Variant Alternative Lending Fund reported final tender offer results: no investors validly tendered shares by the May 15, 2025 deadline, so no shares were accepted under the $2.4 million repurchase offer.
Preview
Variant Alternative Lending Fund
Variant Investments is responsible for managing Variant Alternative Lending Fund.
Variant Alternative Lending Fund launched in 2024.
Variant Alternative Lending Fund is registered as a '40 Act fund.
Variant Alternative Lending Fund is structured as a Interval CEF fund.
You can invest in Variant Alternative Lending 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 Variant Alternative Lending Fund daily, subject to eligibility and fund subscription deadlines.
You can redeem shares of Variant Alternative Lending Fund quarterly, subject to redemption limits and notice requirements.
Shares of Variant Alternative Lending Fund can be purchased in USD.
Variant Alternative Lending Fund's fiscal year end is April 30.
Variant Alternative Lending Fund's net asset value was $72.6 million and its portfolio had a fair value of $68.8 million as of April 30, 2026.
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