XAI Octagon Floating Rate Alternative Income Term Trust is a diversified, closed-end management investment company. It invests invests in a dynamically managed portfolio of floating-rate credit instruments and other structured credit investments within the private markets. The company was founded on September 27, 2017 and is headquartered in Chicago, IL.

XAI Octagon Floating Rate & Alternative Income Term Trust

XA Investments LLC ("XAI") is a Chicago-based firm founded by XMS Capital Partners in April 2016. In addition to investment advisory services, the firm also provides investment fund structuring and consulting services focused on registered closed-end funds (including interval funds and listed closed-end funds) to meet our asset management client needs. XAI offers custom product build and consulting services, including development and market research, sales, marketing, fund management and administration. XAI believes that the investing public can benefit from new vehicles to access a broad range of alternative investment strategies and managers. XAI provides individual investors with access to institutional-caliber alternative managers. For more information, please visit www.xainvestments.com.

XA Investments LLC

On Oct 4th, Benjamin McCulloch will be leading the Blue Vault ALTS Day discussion on interval fund market trends and developments. Check out the agenda to learn more.

Benjamin McCulloch, XA Investments LLC General Counsel, contributed to a new FundFire Alts article on the implications to the interval fund market of a change to the SEC’s definition of accredited investor. “A lot of [semi-liquid] funds that have come to the market over the last four to five years are suitable for accredited investors,” he explains, noting that a change in the definition would impact managers of interval funds aimed at accredited investors.

To read the full article, please click here: https://lnkd.in/eDrapRXi

#IntervalFunds #SemiLiquidFunds

XFLT, the XAI Octagon Floating Rate & Alternative Income Term Trust, reaches $500mm in total managed assets. For more info, please see the press release.

https://lnkd.in/eSC7hbc6

How to Launch an Interval Fund: XA Investments LLC, Faegre Drinker, PINE Advisor Solutions and U.S. Bank are hosting panel discussions and cocktails on Monday, November 13th in NYC. Interval fund industry experts will discuss best practices when launching an interval fund. Asset managers please reach out to info@xainvestments.com if you are interested in attending.

#IntervalFunds

Blue Vault interviewed Kimberly Ann Flynn, CFA on the key differences between interval funds and mutual funds.  

https://lnkd.in/gaxdQCx8

XFLT, the XAI Octagon Floating Rate & Alternative Income Term Trust, declared its September 2023 distribution. For more info, please see the press release.

https://lnkd.in/gvrzP22X

As investor demand for sustainable investment strategies grows, managers are seeking out new sources of permanent capital and new ways to offer strategies to investors. The interval fund market and the London-listed fund market have seen numerous sustainability-focused funds launch in recent years, as both structures are well-suited to alternative and less liquid investments.

In late July, XA Investments LLC hosted an event focused on this topic, featuring a panel of industry experts who shared their insights on sustainable investing and trends in new product launches. To read about the event, visit our website at the following link: https://lnkd.in/e4jfxwG4

#SustainableInvestments #IntervalFunds #XAIConsulting

XFLT announced its upcoming quarterly investor update on August 22, 2023. For more information on the XAI Octagon Floating Rate & Alternative Income Term Trust and to register for the webinar, please see our press release or visit our website.

https://lnkd.in/gfAUudKj

As the interval fund market continues to mature, an increasing number of fund sponsors are coming back to the market to launch additional funds. The interval fund market now has 33 fund sponsors (27.5% of all fund sponsors) with at least two interval funds. See below for a list of the top ten repeat interval fund sponsors by total interval fund AUM.

For more information on the interval fund and tender offer fund marketplace, request a copy of the XA Investments LLC Quarterly Market Update for CEFs and Non-Listed Funds at info@xainvestments.com or via our website: https://lnkd.in/gJ-yKzBy. The in-depth report provides actionable insights and consolidated data, including market statistics, IPOs, recent fund filings, sponsor data, and market overview.

#IntervalFunds #TenderOfferFunds

In 2Q23, the UK investment companies market welcomed the first Main Market investment company IPO since December 2021. Funds in the London-Listed secondary market continued to trade at wider-than-average discounts and raised £952 million throughout H1 2023, compared with £4.04 billion raised by existing investment companies in H1 2022. See below for the full XA Investments LLC Q2 2023 London-Listed Investment Companies Market Update.

To be included in the distribution list for the quarterly London-Listed investment companies market update, please contact info@xainvestments.com. Those looking to learn more about the London market can also read our white paper here: https://lnkd.in/g9bDudYF

#InvestmentCompanies #LondonStockExchange

	Sep '18	Sep '19	Sep '20	Sep '21	Sep '22	Sep '23
net income	4.02M -	-4.44M 210.49%	-11.01M 147.74%	35.48M 422.25%	-36.68M 203.39%	46.63M 227.11%
depreciation and amortization
deferred income tax
stock based compensation
change in working capital	2.70M -	3.07M 13.73%	-4.05M 231.81%	30.29M 848.64%	-31.98M 205.55%	13.00M 140.67%
accounts receivables		296.60K -	5.64M 1,801.83%	-2.28M 140.44%	-10.04M 339.89%	-6.52M 35.00%
inventory					-101.67K -
accounts payables		3.02M -	-9.62M 418.17%	31.77M 430.28%	-21.15M 166.59%	18.87M 189.19%
other working capital		-249.55K -	-69.34K 72.21%	808.84K 1,266.40%	-685.20K 184.71%	659.84K 196.30%
other non cash items	-120.78M -	-2.45M 97.97%	1.59M 164.79%	-261.71M 16,594.52%	-5.28M 97.98%	-130.81M 2,379.50%
net cash provided by operating activities	-114.05M -	-3.82M 96.65%	-13.47M 252.33%	-195.94M 1,354.59%	-73.94M 62.27%	-71.18M 3.73%
investments in property plant and equipment
acquisitions net
purchases of investments		-118.19M -	-98.83M 16.39%	-297.31M 200.85%	-219.12M 26.30%	-237.56M 8.41%
sales maturities of investments		108.19M -	71.99M 33.46%	73.76M 2.45%	115.79M 56.99%	120.53M 4.09%
other investing activites
net cash used for investing activites		-10.00M -	-26.83M 168.22%	-223.55M 733.16%	-103.33M 53.78%	-117.03M 13.26%
debt repayment		-5.55M -	-18.58M 234.77%	-5M 73.09%	-18.50M 270%	-18M 2.70%
common stock issued	10.66M -	11.06M 3.81%	27.27M 146.49%	112.76M 313.48%	70.63M 37.37%	57.47M 18.63%
common stock repurchased
dividends paid	-5.75M -	-7.17M 24.76%	-9.26M 29.18%	-13.72M 48.13%	-24.49M 78.50%	-32.24M 31.61%
other financing activites	38.49M -	5.45M 85.85%	14.85M 172.59%	105.35M 609.62%	42.72M 59.45%	64.03M 49.90%
net cash used provided by financing activities	43.40M -	3.79M 91.27%	14.27M 276.77%	199.39M 1,296.94%	70.35M 64.72%	71.26M 1.30%
effect of forex changes on cash		10.00M -	26.83M 168.22%	223.55M 733.16%	103.33M 53.78%	117.03M 13.26%
net change in cash	-70.66M -	-34.83K 99.95%	803.15K 2,406.17%	3.45M 329.97%	-3.59M 203.91%	86.60K 102.41%
cash at beginning of period	71.15M -	494.70K 99.30%	459.88K 7.04%	1.26M 174.64%	4.72M 273.42%	1.13M 76.08%
cash at end of period	494.70K -	459.88K 7.04%	1.26M 174.64%	4.72M 273.42%	1.13M 76.08%	1.21M 7.68%
operating cash flow	-114.05M -	-3.82M 96.65%	-13.47M 252.33%	-195.94M 1,354.59%	-73.94M 62.27%	-71.18M 3.73%
capital expenditure
free cash flow	-114.05M -	-3.82M 96.65%	-13.47M 252.33%	-195.94M 1,354.59%	-73.94M 62.27%	-71.18M 3.73%

COM:XAINVESTMENTS

XA Investments LLC

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08/11 21:00

Market Cap

415.11M

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