Alternative Credit Income Fund's 5% quarterly repurchases would pause for a year before the merged company begins discretionary 2.5% tenders.
Repurchase requests in the $4.3 billion private debt fund have now fallen for two consecutive quarters, more than halving from 8.5% in Q1 to 3.8% in Q3.
The $25 billion HPS Corporate Lending Fund has once again limited withdrawals after repurchase requests hit ~11.5% of outstanding shares.
Managing Director Jason Mehring will replace Tseng as Director, Board Chair, and CEO across three BlackRock BDCs.
Shareholders submitted an estimated $4.3 billion of Q3 repurchase requests, representing around 10% of shares outstanding, as of June.
Offered by State Street, the credit line for CION Ares Diversified Credit Fund now matures in 2028, with its applicable spread rising by 10 basis points.
The recently registered interval fund will invest in DLP Capital vehicles targeting debt and equity opportunities across US attainable rental housing.
If approved, RBC BlueBay Enhanced Income Fund could invest alongside affiliated strategies spanning event-driven credit, special situations, and securitized assets.
The firm also provided updates on its private equity evergreen fund and non-traded BDC, as well as plans to launch new products targeting the wealth segment.
The announcement comes as investors in Blue Owl's non-traded BDC shunned an earlier Saba and Cox Capital joint-offer to repurchase shares at a steep discount.
