XA Investments Announces INTVL-C, Expanding Its Interval Fund Index Suite with an Alternative Credit Benchmark

Core Insights - XA Investments LLC plans to expand its XAI Interval Fund Index™ with the launch of the XAI Interval Fund Credit Index™ (INTVL-C) in Q1 2026, which will track the performance of credit interval and tender offer funds [1][5]. Company Overview - XA Investments LLC, based in Chicago and founded in 2016 by XMS Capital Partners, serves as the investment adviser for multiple closed-end funds and provides investment fund structuring and consulting services [6]. Index Details - The INTVL-C will enhance transparency for asset managers by providing comprehensive performance metrics for credit funds, enabling better investment decisions and risk assessments [2]. - The sub-index will include over 50 credit interval and tender offer funds, allowing fund managers to benchmark their performance against peers in the credit interval fund market [3][5]. - The XAI Interval Fund Index™ measures a broader universe of interval and tender offer funds with over $100 million in net assets, currently consisting of 93 constituents across seven asset classes [5]. Market Position - The constituents of INTVL-C represent leading funds in the interval fund marketplace, with top managers including Cliffwater, CION, Carlyle, PIMCO, and others [4].