Harrison Street Interval Fund Auction Clears 91% of Shares on LODAS
LODAS Markets and Nasdaq Fund Secondaries completed their first interval fund auction, selling 91% of Harrison Street real estate shares to secondary buyers.
LODAS Markets and Nasdaq Private Market's Nasdaq Fund Secondaries unit have completed what they describe as their first interval fund auction, moving 91% of shares offered in the Harrison Street Real Estate Fund (ticker: VCMIX) to secondary buyers, the companies announced October 2, 2026.
The auction marks a notable milestone in the effort to create more liquidity options for investors in interval funds, a category of investment vehicle that limits redemption windows and has historically been difficult to exit outside of scheduled repurchase periods. By routing shares through a structured secondary marketplace, sellers gained an alternative path to liquidity without waiting for the fund's next redemption cycle.
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A second auction, covering the Harrison Street Real Assets Fund (ticker: VCRRX), was expected to launch on the same day the announcement was made, October 2, signaling that the platform intends to expand the program beyond the initial offering.
The partnership between LODAS Markets, a secondary marketplace for alternative investments, and Nasdaq Fund Secondaries under Nasdaq Private Market positions both firms to compete for growing demand among wealth managers and individual investors seeking exits from illiquid fund structures. Interval funds have grown in popularity in recent years as vehicles for accessing private real estate, credit, and other alternative strategies, making secondary liquidity solutions increasingly relevant.
The 91% clearance rate in the inaugural auction suggests meaningful buyer appetite for real estate fund exposure on the secondary market, though broader conclusions about pricing or discount levels were not disclosed in the announcement. Continue reading at Real Estate.
