U.S. Brokers, Asset Managers & Exchanges: June Retail Refresh: Updating Our Alts Retail Flow Tracker

Research evidence excerpt

U.S. Brokers, Asset Managers & Exchanges: June Retail Refresh: Updating Our Alts Retail Flow Tracker

Equity Research

U.S. Brokers, Asset Managers & Exchanges

1 July 2026

June Retail Refresh: Updating Our

Alts Retail Flow Tracker

We update our retail tracker (available for download) with the U.S. Brokers, Asset Managers & Exchanges

latest publicly available data. Credit BDC flows stabilized in POSITIVE

June with mixed outcomes across the various funds; U.S. Brokers, Asset Managers &

Exchanges

redemptions spiked; and non-credit funds saw improvement Benjamin Budish, CFA

with a few shoring particularly strong June sales. +1 212 526 2418

benjamin.budish@barclays.com

BCI, US

Barclays' Alternative Asset Managers Retail Data Tracker: May Edition. We track monthly

Mark McLaughlin, CFA

subscriptions from a number of the private wealth funds within the alternative asset +1 212 526 9320

management space across the Infrastructure, Private Credit, Private Equity, Real Estate, and mark.mclaughlin@barclays.com

Secondaries asset classes. We note the below data for subscriptions is based on Barclays' BCI, US

estimates derived from a number of filings from the funds. Information about the investment Chris O'Brien

funds mentioned in this tracker is being provided for information purposes only and is not an +1 212 526 9284

investment recommendation by Barclays Research. chris.obrien@barclays.com

BDC flows mixed in June. In June, BDCs saw mixed/stabilizing flows, with funds like

Mason FlemingASIF and BCRED seeing continued sequential declines, while ADS, HLEND, OCIC, and TCAP saw

+1 212 526 7025

sequential improvement.

mason.fleming@barclays.com

BCI, USRedemptions spike, largely as expected, we believe. Redemption requests came in elevated