FOR INVESTORS
Explore potential liquidity options for your non-traded REITs, DST interests, private funds, partnerships, non-traded BDCs, and interval funds. AIL’s Confidential Investment Review considers your investment’s repurchase provisions, transfer requirements, and potential buyer interest.
Eligible Investments
Explore potential liquidity options by investment type, or use our directories to research your specific holding. AIL’s Confidential Investment Review considers investment structure, repurchase provisions, transfer requirements, documentation, and potential buyer interest.
Public and private non-traded real estate investment trusts with limited or sponsor-controlled liquidity.
Delaware Statutory Trust interests, including real estate investments acquired through 1031 exchanges.
Private funds, limited partnerships, and LLC interests spanning real estate, land, energy, and operating businesses.
Regulation D offerings and other privately held investment interests, including infrastructure and project-based investments.
Funds with periodic repurchase offers, acceptance limits, and investment-specific transfer restrictions.
Business development companies with limited repurchase programs and investment-specific transfer requirements.
Illiquid alternative investments are often designed for long holding periods. Investors may begin exploring liquidity when financial goals evolve, planning priorities change, or personal circumstances create a need for greater flexibility.
Investment objectives can change over time, and existing holdings may no longer align with current priorities, income needs, or long-term planning strategies.
Trustees, beneficiaries, executors, and families may evaluate liquidity alternatives during estate administration, trust management, or wealth transition planning.
Investors may seek to reposition capital, reduce concentration, change asset exposure, or move toward investments with different liquidity characteristics.
Retirement, healthcare needs, business transitions, inheritance events, family changes, or other major life circumstances can create new liquidity considerations.
AIL guides investors through a structured Confidential Investment Review focused on the specific investment, available documentation, transferability, current buyer demand, and potential transaction feasibility.
Provide the investment name, approximate ownership amount, account type, and a recent statement or other document confirming the position.
AIL reviews the investment structure, sponsor requirements, transfer restrictions, available documentation, and current market conditions.
The position is evaluated for potential buyer interest, pricing considerations, transaction feasibility, and other available liquidity pathways.
If a potential liquidity option is identified, AIL discusses available terms, transfer requirements, documentation, and possible next steps.
Answers about requesting a confidential review, understanding potential purchase terms, and deciding whether to proceed.
No. Requesting a Confidential Investment Review does not commit you to sell. You and your advisors can consider any proposed price, applicable fees or deductions, and completion conditions before deciding whether to enter into a purchase agreement.
Selected holdings may be considered for purchase by Baron De Biltmore, LLC, an affiliated buying entity. AIL supports the review and transaction coordination process. AIL is not a broker-dealer or investment adviser, and a review does not guarantee an offer.
AIL reviews non-traded REITs, DST interests, private funds, limited partnerships, private placements, non-traded BDCs, interval funds, and other illiquid alternatives, including energy and infrastructure investments. Each holding is considered individually.
To research your investment, explore our REIT Directory, find trust programs in the DST Directory, or browse selected funds and partnerships in the Private Fund & Partnership Directory . A listing does not establish buyer availability or transfer eligibility.
No. Potential liquidity depends on the investment structure, transfer restrictions, sponsor requirements, purchaser qualifications, available documentation, position size, current market conditions, and buyer interest. Permission to transfer does not guarantee a purchaser or completed sale.
An offer reflects the purchaser’s assessment of the investment’s financial condition, underlying assets, distribution history, debt, risks, expected holding period, position size, and transfer requirements. It may be below statement value, reported NAV, or original cost and is not an independent appraisal.
Our guide to NAV, capital accounts, tax basis, and sale price explains why these figures can differ.
Information submitted to AIL is handled as part of a Confidential Investment Review and used to evaluate the specific position and potential transaction requirements. Begin with basic holding details and omit account numbers, Social Security numbers, and other sensitive information. Before sending supporting documents, confirm the submission method with AIL.
Start with the investment name, approximate shares or units, and account or ownership type. Account documents are not needed for an initial discussion. You can contact AIL with basic holding details, even if your investment is not listed in our directories.
If further evaluation is warranted, we’ll explain which documents are needed. These may include a recent statement or other ownership record, offering materials, or sponsor communications.
Review timing depends on the investment and available information. If an offer is accepted, completion also depends on documentation, required signatures, any necessary approvals, and transfer agent or custodian processing. Review and transfer are separate stages, and there is no guaranteed completion date.
Visit How It Works for an overview of the review and potential transaction process.
AIL can discuss the proposed terms, purchaser, applicable fees or deductions, transfer requirements, documentation, and possible next steps. You can review these details with your advisors before deciding whether to proceed. Any transaction remains subject to the purchase agreement and applicable approvals and requirements.
If you own a non-traded REIT, DST interest, private fund, partnership, non-traded BDC, interval fund, or other illiquid alternative investment, request AIL’s Confidential Investment Review to explore potential liquidity options, repurchase provisions, transfer requirements, and buyer interest.