As 2025 got out of the gate, a slew of financial behemoths, including J.P. Morgan Asset Management, Capital Group, KKR and Oaktree Capital Management, filed papers with the Securities and Exchange Commission to register new interval funds.

By the end of 2025, some industry experts expect another 50 to 100 new interval funds to be offered by Wall Street, raising tens of billions of dollars.

U.S. and global private equity funds have been expanding for years, filling every corner of the investment universe, but 2025 looks like a land rush year on the terrain known as interval funds, and by major players no less.

Why? And what is the appeal of interval funds? In a nutshell, the interval fund is an investment vehicle officially born in 1993 that allows private equity investors to make regular withdrawals from the fund (usually quarterly) and which is registered with the SEC, resulting in a certain amount of transparency and disclosure.

To be sure, investors st