Private credit grew to nearly $2 trillion globally, according to the Federal Reserve, and interval funds were one of the fastest-growing vehicles, with AUM nearly quadrupling over the prior five years, from $18.6 billion in 2020 to $93.4 billion in Jan 2025*. Advisors who understood them were better positioned to serve clients seeking income and diversification through exposure to private credit markets.
Michael O’Shea, Origin Investments’ head of private wealth, sat down with Kimberly Flynn, president at XA Investments, for a timely conversation on the private credit interval fund market and what it means for your clients’ portfolios.
Some takeaways from the webinar include:
- The interval/tender fund market has reached $247B in net assets, growing at 25–30% compounded annually, with advisor adoption of private markets still below 3%
- Real estate debt strategies seek to offer yield backed by tangible assets, providing a differentiated alternative to corporate credit
- Interval fund structures are designed to protect long-term shareholders — proration rules prioritize those who stay invested
- Redemption pressure has been concentrated in direct lending and corporate credit — not the broader interval fund market
The webinar concludes with live Q&A.
*Morningstar/Pitchbook data via Alter Domus, “The Rise of Interval Funds,” May 2025.
