Interval funds • Quarterly liquidity • 6–9% target yields

Institutional funds. Retail access.

Interval funds offer quarterly redemption windows and 6–9% target yields — asset classes once limited to institutions, now available from $2,500.

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Risk disclosure: Interval funds carry liquidity risk. Redemptions are not guaranteed and are subject to quarterly limits. Past performance does not predict future results. Target yields are not guaranteed.

What to understand

Liquidity tradeoff

In exchange for quarterly (not daily) liquidity, interval funds can invest in private markets — targeting higher yields than public alternatives.

Target yield6–9% annually
RedemptionQuarterly windows
Min. investmentFrom $2,500
AccreditationNon-accredited OK

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Fund library

Compare interval funds by yield, liquidity, and focus

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PIMCO Flexible Credit Income Fund

EstablishedNon-accredited OK

Diversified credit — investment-grade to high-yield

Target yield7.2% target
Minimum$2,500
LiquidityQuarterly (up to 5% of NAV)

Blackstone BCRED

PopularNon-accredited OK

Senior secured direct lending

Target yield8.8% target
Minimum$2,500
LiquidityQuarterly (up to 5% of NAV)

Blue Owl Capital Corporation

Sector focusNon-accredited OK

Technology, software, and services lending

Target yield8.1% target
Minimum$2,500
LiquidityQuarterly (up to 5% of NAV)

Ares Capital Management's ARCC

High yieldNon-accredited OK

Middle market companies — broad sector exposure

Target yield9.2% target
Minimum$1,000
LiquidityQuarterly

Editorial Disclosure: SwitchWize may earn referral compensation when you click through to a partner. Target yields are not guaranteed and represent manager targets, not promises. Redemptions may be limited or suspended.

How it works

The interval fund structure explained

1

You invest capital

Interval funds pool capital from many investors into a diversified portfolio of private credit or alternative assets.

2

The fund deploys into private markets

Fund managers lend to companies or invest in assets that aren't available on public markets — targeting higher yields.

3

You earn regular distributions

Most interval funds pay monthly or quarterly income distributions from the interest and fees earned on the portfolio.

4

Quarterly redemption windows

Every quarter, the fund opens a redemption window — typically accepting up to 5% of net assets. You tender your shares; redemption isn't guaranteed.

Stay ahead of meaningful changes to interval fund offerings and target yields.

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Common questions

What makes interval funds different from regular mutual funds?›
Regular mutual funds allow daily redemptions. Interval funds only allow redemptions at set intervals — typically quarterly — and may limit total redemptions to a percentage of assets. This restriction lets managers invest in less-liquid private assets that target higher yields.
Is my redemption guaranteed?›
No. If redemption requests exceed the quarterly limit (usually 5% of NAV), requests are fulfilled on a pro-rata basis. You may not be able to redeem your full investment in a single quarter.
Are interval funds suitable for all investors?›
No. They carry liquidity risk, credit risk, and valuation uncertainty. They are best suited for investors with a long time horizon who don't need immediate access to their capital and can tolerate that redemptions may be delayed.
Do I need to be an accredited investor?›
Many interval funds are registered under the Investment Company Act and are available to non-accredited investors, making them more accessible than private funds. However, minimum investments still apply, and suitability requirements vary by platform.