Interval funds are close cousins of closed-end funds, or CEFs, but they offer a unique set of pros and cons for investors. PIMCO made headlines last month when it launched an interval fund (PIMCO ...

Assets in interval funds surged to $98 billion by the end of 2024, marking a 31% increase from the previous year, according to new research from Cerulli Associates. While the structure’s expansion is ...

The number and size of open-end funds investing in illiquid assets have grown dramatically in recent years. For example, in 2016, the open-end Blackstone Real Estate BREIX was founded. By Sept. 30, ...