Market Map — April 2026
The market map for U.S. tender offer funds.
A live registry of every active tender offer fund registered under the 1940 Act — sponsors, AUM, strategies, fees, and liquidity terms. Maintained by Aqua Fund Factory.
Active Funds
—
Registered & effective
Combined AUM
—
Most recent net assets
In Registration
—
Pending effectiveness
Active Sponsors
—
Unique managers
By strategy
Click any strategy to filter the full rankings table.
Top 10 by AUM
The largest active tender offer funds by most recent net assets.
View all →
| # | Fund | Strategy | AUM | Min. | Fee |
|---|
Most recent launches
Newest active funds by inception date.
Fund Rankings
All active tender offer funds
Sort by column, filter by strategy, search by name or sponsor. Click any row for liquidity terms, fees, and the SEC filing.
| # | Fund | Sponsor | Strategy | AUM | Inception | Min. | Fee | Status |
|---|
Showing 0 funds · Sources: SEC EDGAR, tenderofferfunds.com, fund prospectuses
New Launches
What just went effective.
The most recent tender offer funds to launch, sorted by inception date.
Pipeline
Pending effectiveness.
Funds that have filed N-2 registration statements and are awaiting SEC effectiveness.
| # | Fund | Sponsor | Strategy | Notes |
|---|