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April 2023 Private Performance Thumbnail

April 2023 Private Performance

April performance numbers are in and we also have a new member to the portfolio. Our private REITs had a nice bounce back month after March's down numbers. Although both are down slightly on the year still. Fundamentals are very strong here, these REITs have occupancy rates at 95% and 98% and demand has not gone down. Another area where I am very excited is about the private credit sector of the portfolio. Private credit funds are now fully realizing the interest rate gains over the last year. I believe in the space so much so that I added another group into the portfolio. Adding Carlyle's Tactical Private Credit fund. And it came out with strong performance out of the gate, 1.39% for April and up 4.91% on the year.

Year to Date
Annualized Dividend Rate
Blackstone's REIT1
Nuveen Global Cities REIT2
Blackstone Private Credit3
Carlyle Tactical Credit4

For reference, for April, the S&P was up 1.5%, the NASDQ was up .1%, and the AGG(Bond Index) was down .4%. Markets cooled in April after having a strong start to the year. This is where having a consistent performance helps balance out a portfolio. We can talk further if this is a strategy that you think could help support your overall portfolio construction. 

  1. https://www.breit.com/performance/
  2. https://www.nuveen.com/gcreit/performance
  3. https://www.bcred.com/performance/
  4. https://www.carlyle.com/fund?_month=4&_year=2023

This content is developed from sources believed to be providing accurate information. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.