LODAS Markets, Nasdaq Complete First Interval Fund Auction for Harrison Street
A pioneering secondary auction cleared 91% of offered shares in Harrison Street's real estate interval fund, marking a liquidity milestone for private wealth investors.
LODAS Markets and Nasdaq Fund Secondaries, operating under Nasdaq Private Market, have completed what they describe as the first interval fund auction conducted in partnership with Harrison Street Private Wealth, the companies announced October 2, 2026.
The inaugural auction focused on shares of the Harrison Street Real Estate Fund, ticker VCMIX, and cleared 91% of the shares that sellers brought to market, connecting those holders with secondary buyers. The high clearance rate signals meaningful demand from investors seeking exposure to institutional-quality private real estate funds through secondary channels.
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A second auction, this one covering the Harrison Street Real Assets Fund trading under the ticker VCRRX, was expected to launch on October 2, running on the heels of the first transaction's completion. The sequenced approach suggests the parties intend to build a recurring secondary liquidity mechanism for interval fund investors.
Interval funds have historically offered limited liquidity windows, typically allowing redemptions only on a quarterly basis and subject to caps. Secondary auction platforms like the one facilitated by LODAS Markets and Nasdaq Fund Secondaries are emerging as an alternative pathway, enabling shareholders to transact outside those constrained windows by matching them directly with willing buyers in a structured marketplace setting.
The development reflects broader industry momentum toward creating more accessible liquidity solutions for non-traded private funds, a segment that has drawn growing allocations from high-net-worth and private wealth channels in recent years. Continue reading at Real Estate.
