How many interval funds reported total assets of at least $1 billion as of March 31, 2023?
Answer:
Sixteen funds reported assets in excess of $1 billion as of March 31, 2023, making up approximately 83.3% of the industry total. Cliffwater Corporate Lending Fund led the industry at $15.1 billion, followed by ACAP Strategic Fund at $11.9 billion and Bluerock Total Income+ Real Estate Fund at $7.4 billion.