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 '17	Sep '18	Sep '19	Sep '20	Sep '21	Sep '22	Sep '23
revenue		4.61M -	-3.87M 183.95%	-9.39M 142.51%	38.37M 508.80%	-31.12M 181.10%	53.00M 270.29%
cost of revenue			2.03M -	2.92M 43.89%	4.82M 65.19%	8.40M 74.39%	8.92M 6.17%
gross profit		4.61M -	-5.90M 227.92%	-12.30M 108.61%	33.56M 372.72%	-39.52M 217.79%	44.07M 211.51%
selling and marketing expenses
general and administrative expenses		889.73K -	1.03M 15.90%	1.28M 24.54%	1.37M 6.79%	1.44M 4.90%	1.70M 18.16%
selling general and administrative expenses		889.73K -	1.03M 15.90%	1.28M 24.54%	1.37M 6.79%	1.44M 4.90%	1.70M 18.16%
research and development expenses
other expenses		-301.40K -	-457.66K 51.84%	338.96K 174.06%	1.52M 349.02%	4.12M 170.91%	20.60M 399.54%
cost and expenses		588.33K -	573.55K 2.51%	1.62M 183.01%	2.89M 78.25%	5.56M 92.23%	6.37M 14.51%
operating expenses		588.33K -	573.55K 2.51%	1.62M 183.01%	2.89M 78.25%	5.56M 92.23%	6.37M 14.51%
interest expense		1.31M -	1.49M 13.95%	954.94K 35.85%	961.49K 0.69%	2.83M 194.81%	7.67M 170.42%
ebitda		5.33M -	-4.44M 183.40%	-11.01M 147.74%	35.48M 422.25%	-33.85M 195.40%	46.63M 237.75%
operating income		5.33M -	-4.44M 183.40%	-11.01M 147.74%	35.48M 422.25%	-33.85M 195.40%	46.63M 237.75%
depreciation and amortization
total other income expenses net		-1.31M -	-1.49M 13.95%	-954.94K 35.85%	-2.00M 109.59%	-2.83M 41.62%	-11.28M 298.06%
income before tax		4.02M -	-4.44M 210.49%	-11.01M 147.74%	35.48M 422.25%	-36.68M 203.39%	46.63M 227.11%
income tax expense
net income		4.02M -	-4.44M 210.49%	-11.01M 147.74%	35.48M 422.25%	-36.68M 203.39%	46.63M 227.11%
weighted average shs out	8.38M -	8.35M 0.38%	9.57M 14.68%	12.96M 35.32%	16.35M 26.20%	33.65M 105.83%	38.22M 13.56%
weighted average shs out dil	8.38M -	8.35M 0.38%	9.57M 14.68%	12.96M 35.32%	16.35M 26.20%	33.65M 105.83%	38.22M 13.56%
eps		0.48 -	-0.46 195.83%	-0.85 84.78%	2.17 355.29%	-1.09 150.23%	1.22 211.93%
epsdiluted		0.48 -	-0.46 195.83%	-0.85 84.78%	2.17 355.29%	-1.09 150.23%	1.22 211.93%

COM:XAINVESTMENTS

XA Investments LLC

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25/09 14:39

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