0001929777 · Private Credit · Interval fund
Pender Real Estate Credit Fund
· manager: Penderfiled · N-CEN
· manager: Penderfiled · N-CEN
Crowding: 0% of book in names held by 3+ tracked funds · 0 of 51 names · Issuers are matched on normalised name (~10% measured error each way), so crowding and overlap figures are floors. How this is measured → · full readout →
Money leaving this fund each month, read off its own filed N-PORT flows — redemptions against the net assets they were redeemed out of, never annualised, so one heavy month reads as itself rather than multiplied by twelve.
$0M redeemed
These flows are Form N-PORT, which only registered funds file — interval, tender-offer and closed-end funds. BDCs repurchase shares through a separate tender-offer mechanism that is not this form, so this section is absent on a BDC's page rather than reported as zero. 3.0%+ / 5.0%+ of net assets in a single month are the live elevated / high edges. every fund ranked by redemption pressure →
Source: AltsVault · SEC filings · as of 2026-03-31
Ranked by holdings overlap blended with size, leverage, yield and fee profile within the same asset class.
Issuers are matched on normalised name (~10% measured error each way), so crowding and overlap figures are floors. How this is measured →
| Harrison Street Infrastructure Income Fund profile-based only, no holdings overlap | 87% similarƒ |
| Blackstone Private Multi-Asset Credit and Income Fund profile-based only, no holdings overlap | 82% similarƒ |
| PIMCO Flexible Real Estate Income Fund profile-based only, no holdings overlap | 80% similarƒ |
| BlackRock HPS Credit Strategies Fund profile-based only, no holdings overlap | 80% similarƒ |
| Invesco Senior Loan Fund profile-based only, no holdings overlap | 76% similarƒ |
51 positions as of 2026-03-31 · position-level holdings (SEC N-PORT).
✓ Reconciled — ties to the fund's reported total investments within 10% (98%).
Crowding: 0% of book in names held by 3+ funds · 98% sole-holder
0 names held by 3+ funds · 51 sole-holder · Issuers are matched on normalised name (~10% measured error each way), so crowding and overlap figures are floors. How this is measured →
Source: AltsVault · SEC filings
13 metrics reported by this fund.