The Hamilton Lane Credit Income Fund offers access to a portfolio of mid-market senior loans, sourced through primary and secondary markets.
The recently registered interval fund, sub-advised by Barings, will target private asset-based credit investments through direct and secondary transactions.
The tender offer fund targets private credit investments through primaries, secondaries, co-investments, and directs.
The unsolicited bid priced shares at 85% of NAV, the smallest discount of the three Cox offers targeting BDCs managed by Ares, BlackRock, and Apollo.
The pension is also considering allocating to a similar evergreen credit strategy by Pemberton, in addition to a commitment to Cambridge Associates' sequel secondaries fund.
The announcement comes as investors in Blue Owl's non-traded BDC shunned an earlier Saba and Cox Capital joint-offer to repurchase shares at a steep discount.
The semi-liquid structures, which span credit and infrastructure strategies, target investment opportunities through secondaries.
We examine the Q4 capital flows, investment activity, and performance of the secondaries-focused interval fund, leveraging EvergreenLink Data.
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.
