AltsWire

First Eagle Private Credit Fund's lenders cut its borrowing spread by 30 basis points, to 2.25% from 2.55%, and reduced the unused fee to 0.5% on its $350 million credit facility.

They also fenced in software. Under the amendment, no more than 20% of the loans backing the facility can come from software, IT services, and healthcare technology borrowers. The advance rate on recurring revenue loans drops to 50% from 60%.

One change the fund's summary didn't mention: Western Alliance Bank joins as a second lender with $100 million, and Morgan Stanley's commitment falls to $250 million. Full story on AltsWire: https://altswire.com/lenders-cap-software-exposure-at-first-eagle-bdc-cut-facility-spread/

Self-storage, hotels, marinas, and now natural gas wells.

NexPoint Energy DST, an $18.8 million trust, holds royalty interests across the Haynesville Shale and Permian Basin. Third-party operators handle the drilling, and investors receive royalty income.

"For years, NexPoint has used the DST structure to give investors access to specialized sectors they could not easily reach on their own, and mineral rights are a natural next step," said Luke Blackwell, who leads the firm's energy platform.

For advisers, the question is commodity exposure. NexPoint said its underwriting applies "modest commodity price estimates to conservative type-curves" to build in a cushion. Read more on AltsWire: https://altswire.com/nexpoint-launches-18-8m-energy-dst-holding-haynesville-permian-royalties/

VineBrook Homes Trust offered to buy back 909,090 shares at $33. Stockholders tendered about 2.75 million.

The tender was roughly three times oversubscribed, so the nontraded single-family rental REIT expects to prorate at about 33%. The $33 price was 37% below VineBrook's $52.68 NAV. The company paid for part of the buyback with a $25 million, 10% loan from a lender it says may be deemed an affiliate of its external adviser.

The nontraded REIT’s board doesn't intend to restart the share repurchase plan, which has been suspended since December 2022 except for hardship cases.

Full story on AltsWire: https://altswire.com/vinebrook-reit-tender-draws-three-times-its-cap-at-37-below-nav/

In May, Highlands REIT told stockholders to reject a third-party $0.04 mini-tender as far too low. Four months later, it ran its own tender at $0.20 a share, 31% below its estimated NAV, and made no recommendation either way.

Investors answered. Tenders came in above the company's 125 million-share target, and Highlands bought all of them, retiring about 18.7% of its stock.

The twist: the company said a lease it signed in July on its Colorado correctional facility wasn't reflected in that NAV and may have a material impact on it. Those who sold exited before any updated valuation reflects it.

Read more on AltsWire: https://altswire.com/highlands-reit-buys-back-18-7-of-stock-in-oversubscribed-0-20-tender/

Delaware statutory trust sales reached approximately $7.52 billion through September, up 27% from the $5.9 billion raised over the same period in 2025, according to Mountain Dell Consulting.

Ares Real Estate Exchange still leads with about $1.45 billion raised. Blue Owl Real Estate Exchange moved to No. 2, and Hines Real Estate Exchange slipped to fourth. Offerings are also selling faster: average days on market fell from 309 to 203.

Speaking at ADISA's annual conference in Las Vegas, Mountain Dell Consulting President Taylor Garrett projected about $10.2 billion in DST equity for 2026, the largest year on record.

Full story on AltsWire: https://altswire.com/dst-sales-hit-7-52b-through-september-up-27-from-2025/

"LPL's open architecture platform gives us the freedom to build the wealth management ecosystem we believe best serves our clients."

That's Scott Christian, CFP® of Praxis Financial Partners, LLC explaining why his $1.1 billion team left Wells Fargo Advisors Financial Network for LPL Financial. The Georgia practice, which Christian co-founded in 2013, looked at more than a dozen firms. Praxis is the second Wells Fargo independent-channel team LPL has recruited in the past few weeks.

Read more on AltsWire: https://altswire.com/lpl-recruits-1-1b-praxis-team-from-wells-fargos-independent-channel/

Laura Hines-Pierce will take over as CEO and chair of Hines Global Income Trust on Jan. 1, succeeding Jeff Hines at the $3.35 billion nontraded REIT.

The change is part of a wider leadership transition at Hines, which manages approximately $91 billion in assets. Jeff Hines becomes chairman of the firm, Adam Hines joins Hines-Pierce as co-CEO, and David Steinbach is named the firm's first president.

Adam Hines, who helped build the firm's private wealth business, will also join the REIT's board. Read more on AltsWire: https://altswire.com/jeff-hines-exits-nontraded-reit-ceo-role-in-hines-leadership-transition/

Redemption requests at KKR FS Income Trust Select rose to 5.06% of shares outstanding in the third quarter, up from less than 1% a year earlier. That pushed them past the 5% the fund had offered to buy.

The privately offered BDC accepted every tendered share. It also increased commitments on its ING-led revolving credit facility to $375 million from $325 million, extended the facility's maturity to 2031, and held its monthly distribution at $0.175 per share.

Full story on AltsWire: https://altswire.com/kkr-fs-income-trust-select-buys-all-tendered-shares-after-requests-top-5-cap/

More than 1,000 alternative investment professionals gathered in Las Vegas as ADISA named its first-ever winners in four new award categories, recognizing sponsors, allocators, and industry innovators.

See who took home honors, plus the full list of runners-up at AltsWire: https://altswire.com/adisa-honors-bowman-law-firm-mds-energy-concorde-in-new-2026-awards/

"Liz's three decades of experience make her exceptionally well-suited to lead our operations team," said Danielle Delongchamp, Concorde President and CEO.

Concorde has named Elizabeth Leõn vice president of operations; she comes from J.P. Morgan Advisors. Read more at AltsWire: https://altswire.com/concorde-hires-j-p-morgan-advisors-leon-as-vice-president-of-operations/