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FDIC-Insured - Backed by the full faith and credit of the U.S. Government

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Closed-End Interval Fund and Tender-Offer Fund Services

Industry leading expertise and experience in closed-end fund structures

With a closed-end interval fund or tender-offer fund, investment advisors can offer a retail vehicle with limited liquidity.

Niche experience, service and support

We’ve been servicing interval funds and their complexities for more than 20 years. You will benefit from our team’s technical experience, our state-of-the-art systems and our commitment to outstanding client service.

Completely integrated back-office support

We handle the behind-the-scenes functions servicing to support your closed-end fund, from fund accounting and administration, to transfer agency and tax reporting, so you can focus on growing assets.

Innovative platform solution

For managers seeking a streamlined experience, we deliver a turnkey solution to support the launch and servicing of your registered closed-end interval fund or tender-offer fund.

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Access specialized support for closed-end interval funds and tender-offer funds with UMB. Connect with our closed-end interval fund experts today.

Contact us
  • FUSE report Interval and tender offer funds

    Year-end 2025 numbers update: Interval and tender-offer funds reach $239 billion as structural test begins

    In December 2025, UMB Fund Services and FUSE Research Network published Interval and Tender-Offer Funds Moving Mainstream: $200 Billion and Beyond, our latest analysis of the unlisted closed-end fund market. The figures in that report ran through the second quarter...

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  • Private vs publicly offered fund vehicles

    Understanding fund custody: Private versus publicly offered fund vehicles

    When managers of private funds decide to launch a strategy as a registered mutual fund–such as an interval fund, tender fund, or a daily NAV fund— the topic of custody can sometimes lead to confusion. Private fund managers are typically...

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  • Interval tender offer

    Using tax blockers with interval and tender-offer funds

    In the context of interval and tender-offer funds, tax blockers are tax-paying corporate entities used to transform “bad income” into “good income.” Interval and tender-offer funds are particularly attractive for investments in asset classes such as real estate, private equity...

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  • Interval and tender offer fund

    Interval and tender-offer fund distribution strategies

    Interval funds and tender-offer funds have continued to raise assets at a rapid clip. As of June 30, 2025, we serve more than 46% of the unlisted closed-end fund market, and because of this, we are regularly involved in product...

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  • tender offer funds vs BDCs

    Public, nontraded business development companies (BDCs) vs. tender-offer funds

    For the past several years, we have seen increasing interest in public, nontraded BDCs among our clients who offer interval funds or tender-offer funds. Both interval and tender-offer funds have created appetite among retail investors and their advisors for semi-liquid...

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Interval and Tender-Offer Funds Moving Mainstream: $200 Billion and Beyond

Interval and tender-offer funds have rapidly evolved into essential structures for modern portfolio construction, driven by their accelerating adoption, strong investor appetite, robust performance, and expanding product development.

Download our report, produced in partnership with FUSE Research Network, to review a market update reflecting on data through the first half of 2025, as well as insights into top investment categories, strategies, pricing and top performing funds.
 

Access report

Interval and Tender-Offer Funds Moving Mainstream: $200 Billion and Beyond Report picture

Whether you leverage your existing board or our turnkey offering, UMB offers a comprehensive service set of funds, plus the deep knowledge and experience to guide and support your closed-end interval or tender-offer funds.

Fund accounting and administration
Investor tax and fund tax
Transfer agency and investor servicing
Custody*

Innovative platform solution for managing closed-end interval funds and tender-offer funds

Closed-end funds are unique investment vehicles. They can be complex to administer and manage. To deliver the specialized expertise you need, we offer a closed-end fund servicing platform: Registered Fund Solutions.

Registered Fund Solutions provides the full spectrum of professional services to launch and service a closed-end fund such as an interval fund or tender-offer fund.

Platform benefits

  • UMB’s closed-end fund servicing platform eliminates the difficulty of selecting service providers – independent board of directors, fund auditors, legal counsel and other providers are already in place.
  • Lowers overhead due to sharing service providers; lower insurance premiums through shared policy.
  • Provides assistance in establishing and overseeing board of directors, facilitating meetings and managing service providers.

UMB Fund Services and its affiliates provide overall sponsorship, coordination and program management, fund accounting, administration, transfer agent, fund registration, Blue Sky, tax reporting and custody services*. Participating professional partners provide fund registration and legal counsel, CCO and compliance consulting services and audit services.

Best Interval Fund Administrator

With Intelligence Operations and Services Awards 2019-2023, 2025

Customer testimonial

We chose UMB Fund Services based on their breadth of offerings, their knowledgeable teams and their competitive pricing. They have exceeded our expectations each step of the way – providing guidance, answering questions, and ensuring a successful launch of what is now $1bn+ fund. We are grateful for their expertise and responsiveness to our many questions and requests. Given our client base and the many nuanced operational requirements for this fund, we believe UMB was unique in its ability to accommodate our bespoke requirements and meet our time constraints.
— Chief Operating Officer Boutique Wealth Management Firm
UMBFS was an invaluable partner when we launched our first fund and has been a pleasure to work with as our fund has grown. We value their professionalism and depth of expertise, but what sets them apart is that they are “Midwest nice” across the board. Everyone is very service oriented and quick to address issues as they come up. Having worked with many service providers over the years, UMBFS stands out as a model of what a true partnership should be.
— Marco Hanig, Chief Executive Officer Alternative Fund Advisors
As an innovator in the alternatives industry, I'm grateful for the support of an organization like UMB. Their depth of expertise has been instrumental in helping me navigate the many operational challenges of delivering a private investment strategy in a registered-fund package.
— Larry Eiben, Managing Director Third Line Capital
Choosing the right fund administrator is an intricate and demanding task that requires careful consideration. From our initial conversation, it became immediately clear that UMB stands out not merely as a service provider but as a trusted and insightful partner, deeply committed to the success and satisfaction of their clients. Every interaction with their team has been both effective and enlightening, consistently affirming our choice and, in turn, enhancing the efficiency and operations of our offerings. The foundation of a robust business lies in its people, and it is evident that UMB places great emphasis on nurturing and empowering its staff to excel. We are delighted to have discovered a partner who offers tailored attention and shares our company's objectives, making our collaboration not only strategic but also rewarding.
— David Azvolinsky, Operations Manager Privacore Capital

Access specialized support for closed-end interval funds and tender-offer funds with UMB. Connect with our closed-end interval fund experts today.

Contact us

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Custody services provided by UMB Bank, n.a.