Institutional Link gets exclusive insights from Managing Director Calvin Marks on Felicitas Liquidity Solutions Fund, which is seeded with roughly $167 million in commitments.
The recently registered interval fund, sub-advised by Barings, will target private asset-based credit investments through direct and secondary transactions.
The credit secondaries vehicle will reportedly acquire loans from the manager's existing portfolio and provide fresh capital for new lending.
The tender offer fund targets private credit investments through primaries, secondaries, co-investments, and directs.
The newly registered tender offer fund will primarily target mid- to late-stage private tech companies through primary and secondary investments.
The fund has already secured a $125 million anchor commitment from Beedie Capital following its acquisition of a 50% stake in Vistara.
Institutional Link highlights key characteristics of the North Haven Strategic Credit Fund, which will operate as a non-diversified interval fund.
The recently registered interval vehicle, offering 7.5% periodic liquidity, will target credit investments across multiple strategies, including secondaries.
The vehicle intends to invest at least 80% of its net assets in private market investments through primaries, secondaries, and co-investments.
The vehicle primarily targets investment funds that engage in private lending, including the implementation of secondary strategies to acquire credit funds.
