Cox Capital has expanded its platform to include interval funds as retail investors committing to alternatives continue to seek liquidity.

The firm currently provides liquidity solutions for retail holders of illiquid alternative investments, including non-traded business development companies (BDCs).

Cox Capital has now extended its platform to include interval funds and, subject to market and regulatory conditions, intends to launch formal offers for at least three of these vehicles managed by three separate sponsors.

The firm said the move reflects the structural need for secondary liquidity solutions as private credit, real estate, infrastructure and other alternative strategies attract a broader base of individual investors.

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“Institutional investors have long relied on active secondary markets to manage their exposure,” said John Cox, founder and chief executive of Cox Capital. “We believe individual investors should have access to the same type of liquidity solutions. In our view, private markets may face challenges reaching their full potential in the wealth channel without reliable liquidity options in place.”

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The news comes as Cox Capital and its affiliates recently launched tender offers for certain publicly registered funds managed by HPS, Apollo, Ares and Blue Owl.

The expanded offering also follows a recent pull-back by retail investors from US direct lending in particular, reflected in mounting redemptions from non-traded BDCs.