XA Investments LLC

Happy Thanksgiving from XA Investments LLC! We are grateful for all that we’ve learned this year and hope everyone has a good holiday.

The interval and tender offer fund market has continued to grow and mature. Of the 235 funds in the market, 60% of the funds have a 3-year track record and only 21% have a 10-year track record. The research team at XA Investments LLC is pleased to share with you our XAI Interval Fund Daily Observations. For more information on the interval fund market and to read our full quarterly report on non-listed CEFs, please visit the CEF Market Research page (link below) of XAI’s website and click 'Subscribe' for access to XAI’s online research portal and pricing info. The industry leading report provides actionable insights and consolidated data, including market statistics, IPOs, recent fund filings, sponsor data, and market overview. #IntervalFunds #TenderOfferFunds #XAIConsulting https://lnkd.in/eVxmcaVC

Kimberly Flynn, President of XA Investments, discusses private credit and interval fund structures in a recent Asset TV video. Watch the clip below. #assetTV #intervalfunds #tenderofferfunds #XAIConsulting https://lnkd.in/gSE83q3g

Join Kevin Davis, CFP? and Kimberly Ann Flynn, CFA, from XA Investments LLC along with Lauren Law (Bernaski) from Octagon Credit Investors for the XFLT Q3 2024 Webinar at 11am ET on December 6, 2024 to discuss the quarterly results for XFLT. For more information on the XAI Octagon Floating Rate & Alternative Income Trust (XFLT) and to register for the webinar, please see our press release or visit our website. Press Release: https://lnkd.in/ed7bsTn3

The credit asset class dominated net flows for interval funds in Q2 2024, comprising 57% of the market’s positive flows. Credit funds also outperformed other asset classes on a fund-by-fund level, generating the highest average and median net flow of ~$77mm and ~$19mm, respectively. Note: Net flows are reported in Form NPORT-P (“NPORT”), which are filed quarterly with the SEC. NPORT filings are typically lagged 60 days from the end of the reporting period. The net flows data in this section is as of 6/30/2024 and represents the latest publicly available data. The research team at XA Investments LLC is pleased to share with you our XAI Interval Fund Daily Observations. For more information on the interval fund market and to read our full quarterly report on non-listed CEFs, please visit the CEF Market Research page (link below) of XAI’s website and click 'Subscribe' for access to XAI’s online research portal and pricing info. The industry leading report provides actionable insights and consolidated data, including market statistics, IPOs, recent fund filings, sponsor data, and market overview. #IntervalFunds #TenderOfferFunds #XAIConsulting https://lnkd.in/eVxmcaVC

Interval Fund FAQ: What is the typical capital raised in the first year of operation for a new interval fund? 42% of interval funds launched in the last 18 months have met the $100 million asset level. Reaching the $100 million mark is important for new interval funds so they can better cover operating expenses. The research team at XA Investments LLC is pleased to share with you our XAI Interval Fund Daily Observations. For more information on the interval fund market and to read our full quarterly report on non-listed CEFs, please visit the CEF Market Research page (link below) of XAI’s website and click 'Subscribe' for access to XAI’s online research portal and pricing info. The industry leading report provides actionable insights and consolidated data, including market statistics, IPOs, recent fund filings, sponsor data, and market overview. #IntervalFunds #TenderOfferFunds #XAIConsulting https://lnkd.in/eVxmcaVC

Jared Hagen, Vice President of XA Investments LLC, was recently featured on the NAVigator podcast with Chuck Jaffe. The conversation focused on growth in the interval and tender offer fund market along with recent partnerships bringing new products to market. Listen to the episode by clicking the link below: https://lnkd.in/epTjVVye

Launching an interval fund? Get ready for a lengthy SEC registration process. XAI observes Credit and Real Estate funds experience a shorter average review process of ~5 months, while Multi-Asset funds take an average of ~10 months. (Data represents funds launched between October 1, 2023 and September 30, 2024) The research team at XA Investments LLC is pleased to share with you our XAI Interval Fund Daily Observations. For more information on the interval fund market and to read our full quarterly report on non-listed CEFs, please visit the CEF Market Research page (link below) of XAI’s website and click 'Subscribe' for access to XAI’s online research portal and pricing info. The industry leading report provides actionable insights and consolidated data, including market statistics, IPOs, recent fund filings, sponsor data, and market overview. #IntervalFunds #TenderOfferFunds #XAIConsulting https://lnkd.in/eVxmcaVC

Kimberly Ann Flynn, CFA, President of XA Investments LLC, contributes to FundFire Alts article “Vista Bulks Up Wealth Distribution Team with a Dozen Hires.” Flynn discusses alternative firms expanding their wealth distribution footprint along with their strategies surrounding hiring and creating a way to differentiate themselves from their peers. To read the full article, click the link below. https://lnkd.in/eMTPWWV3

The non-listed CEF marketplace consists of 235 interval and tender offer funds with $162bn in net assets as of 9/30/24. Interval funds make up $89bn (55%) of net assets and tender offer funds make up $73bn (45%) in net assets. The research team at XA Investments LLC is pleased to share with you our XAI Interval Fund Daily Observations. For more information on the interval fund market and to read our full quarterly report on non-listed CEFs, please visit the CEF Market Research page (link below) of XAI’s website and click 'Subscribe' for access to XAI’s online research portal and pricing info. The industry leading report provides actionable insights and consolidated data, including market statistics, IPOs, recent fund filings, sponsor data, and market overview. #IntervalFunds #TenderOfferFunds #XAIConsulting https://lnkd.in/eVxmcaVC