The universe, in the open.

A public directory of SEC-registered '40 Act alternative funds: interval funds and tender-offer funds, with structure, sponsor, asset class, and SEC registration for each. This is a selection of the funds on the Kesta platform, not the full universe: the terminal tracks 400+ funds from source, with normalised fees, liquidity terms, and performance for each. No fund pays to be listed, and none can pay to be left out.

Interval funds (37)

A closed-end fund registered under the Investment Company Act of 1940 that offers to repurchase a set percentage of shares at NAV at stated intervals (typically quarterly). Continuously offered, priced at NAV, with liquidity defined by the repurchase policy rather than a secondary market.

Cliffwater Corporate Lending Fund — Private credit / direct lending, sponsored by Cliffwater
ACAP Strategic Fund — Long/short equity, sponsored by SilverBay / Alkeon
Cliffwater Enhanced Lending Fund — Private credit / direct lending, sponsored by Cliffwater
Variant Alternative Income Fund — Niche asset-based lending, sponsored by Variant Investments
Versus Capital Real Assets Fund LLC — Real assets (RE/infra/timber/ag), sponsored by Versus Capital
Apollo Diversified Real Estate Fund — Real estate, sponsored by Apollo
Apollo Diversified Credit Fund — Diversified credit, sponsored by Apollo
Bluerock Total Income+ Real Estate Fund — Real estate (FoF + REIT), sponsored by Bluerock
PIMCO Flexible Credit Income Fund — Multi-sector credit, sponsored by PIMCO
FS Credit Income Fund — Credit, sponsored by FS Investments / GoldenTree
First Eagle Credit Opportunities Fund — Alternative credit, sponsored by First Eagle
Lord Abbett Credit Opportunities Fund — Credit / high yield, sponsored by Lord Abbett
Lord Abbett Corporate Opportunities Fund — Corporate fixed income, sponsored by Lord Abbett
Flat Rock Core Income Fund — Private credit / senior secured loans, sponsored by Flat Rock Global
Stone Ridge Alternative Lending Risk Premium Fund — Alternative / marketplace lending, sponsored by Stone Ridge
Stone Ridge Reinsurance Risk Premium Interval Fund — Reinsurance / ILS, sponsored by Stone Ridge
Pender Real Estate Credit Fund — CRE bridge debt, sponsored by Pender Capital
StepStone Private Infrastructure Fund — Private infrastructure, sponsored by StepStone
StepStone Private Credit Income Fund — Private credit / direct lending, sponsored by StepStone
Hamilton Lane Private Infrastructure Fund — Private infrastructure, sponsored by Hamilton Lane
Hamilton Lane Credit Income Fund — Private credit, sponsored by Hamilton Lane
Calamos Aksia Alternative Credit and Income Fund — Multi-strategy private credit, sponsored by Calamos / Aksia
Thrivent Church Loan and Income Fund — Church mortgage loans / bonds, sponsored by Thrivent
KKR Credit Opportunities Portfolio — Opportunistic + private credit, sponsored by KKR Credit
BlackRock HPS Credit Strategies Fund — Public + private corporate credit, sponsored by BlackRock
Coller Private Credit Secondaries Fund — Private credit secondaries, sponsored by Coller Capital
CION Ares Diversified Credit Fund — Diversified global credit, sponsored by CION Ares
Bluerock High Income Institutional Credit Fund — CLOs / broadly syndicated loans, sponsored by Bluerock / WhiteStar
PIMCO Flexible Emerging Markets Income Fund — EM credit, sponsored by PIMCO
Carlyle Tactical Private Credit Fund — Multi-strategy private credit, sponsored by Carlyle Global Credit
Franklin BSP Private Credit Fund — Private credit / direct lending, sponsored by Benefit Street Partners
Franklin BSP Lending Fund — Private credit, sponsored by Benefit Street Partners
AB CarVal Credit Opportunities Fund — Public + private credit, sponsored by AB CarVal
AB CarVal Opportunistic Credit Fund — Credit, sponsored by AB CarVal
Versus Capital Multi-Manager Real Estate Income Fund — Real estate fund-of-funds, sponsored by Versus Capital
Forum Real Estate Income Fund — Real estate debt / CMBS, sponsored by Forum Capital / Janus Henderson
AMG Pantheon Infrastructure Fund LLC — Private infrastructure, sponsored by AMG / Pantheon

Tender-offer funds (16)

A closed-end fund registered under the Investment Company Act of 1940 that provides liquidity through periodic tender offers made at the board’s discretion, rather than a fixed repurchase schedule. Common wrapper for private equity and private markets strategies.

Partners Group Private Equity (Master Fund) LLC — Private equity (global diversified), sponsored by Partners Group
StepStone Private Markets — Private markets multi-asset, sponsored by StepStone
Hamilton Lane Private Assets Fund — Private equity (co-invest + secondaries), sponsored by Hamilton Lane
Carlyle AlpInvest Private Markets Fund — Private markets (primary/secondary/co-invest), sponsored by AlpInvest / Carlyle
AMG Pantheon Fund LLC — PE fund-of-funds / co-invest, sponsored by AMG / Pantheon
AMG Pantheon Master Fund LLC — PE fund-of-funds (master), sponsored by AMG / Pantheon
CPG Carlyle Commitments Fund LLC — Private equity, sponsored by Central Park Advisers
CPG Carlyle Commitments Master Fund LLC — Private equity (master), sponsored by Central Park Advisers
Pomona Investment Fund — PE fund-of-funds / secondaries, sponsored by Pomona Capital / Voya
Coller Secondaries Private Equity Opportunities Fund — PE secondaries, sponsored by Coller Capital
Primark Meketa Private Equity Investments Fund — Private equity, sponsored by Primark / Meketa
StepStone Private Venture and Growth Fund — Venture capital / growth equity, sponsored by StepStone
North Haven Private Assets Fund — Private assets (multi-manager), sponsored by Morgan Stanley AIP
Bow River Capital Evergreen Fund — Private equity (co-invest + secondaries), sponsored by Bow River
Hamilton Lane Private Secondary Fund — PE secondaries, sponsored by Hamilton Lane
Carlyle AlpInvest Private Markets Secondaries Fund — PE secondaries, sponsored by AlpInvest / Carlyle

A selection of the funds on the Kesta platform. Structural facts (registrant, CIK, structure type) are public record via SEC EDGAR. Nothing here is investment advice, an offer, or a recommendation of any fund.