Market Map — April 2026
The market map for U.S. '40 Act funds.
A live registry of every active U.S. closed-end fund registered under the 1940 Act — interval funds and tender offer funds. Sponsors, AUM, strategies, fees, and liquidity terms. Maintained by Aqua Fund Factory.
Active Funds
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Registered & effective
Combined AUM
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Most recent net assets
In Registration
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Pending effectiveness
Active Sponsors
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Unique managers
By strategy
Click any strategy to filter the full rankings table.
Top 10 by AUM
The largest active '40 Act funds by most recent net assets.
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| # | Fund | Strategy | AUM | Min. | Fee |
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Most recent launches
Newest active funds by inception date.
Fund Rankings
All active '40 Act funds
Sort by column, filter by strategy and structure, search by name or sponsor. Click any row for liquidity terms, fees, and the SEC filing.
| # | Fund | Sponsor | Structure | Strategy | AUM | Inception | Min. | Fee | Status |
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Showing 0 funds · Sources: SEC EDGAR, tenderofferfunds.com, fund prospectuses
New Launches
What just went effective.
The most recent '40 Act 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 | Structure | Strategy | Notes |
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