Alternative Credit Income Fund is a diversified, closed-end management investment company structured as an interval fund. The Fund seeks to produce current income and achieve capital preservation with moderate volatility and low to moderate correlation to equity markets. It invests at least 80% of its assets in fixed-income and fixed-income related securities, including investments through public and private investment funds managed by unaffiliated institutional managers. The Fund may use leverage up to 33% of its assets and may gain indirect exposure to highly leveraged strategies through its underlying fund investments. Shares are offered continuously, with sales made at net asset value plus any applicable sales load.
News and Notices
Sierra Crest Investment Management LLC
Apr 20, 2015
Interval CEF
'40 Act
Quarterly
Daily
USD
September 30
News and Notices
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Mar 01, 2025
16:15
Ownership, Personnel, Redemption
Alternative Credit Income Fund President, CEO and Director Edward J. Goldthorpe disposed of 45,954 common shares in the merger with BC Partners Lending, reducing his holdings to 0 shares.
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Jan 29, 2026
16:38
Ownership
Alternative Credit Income Fund requested deregistration after merging into BC Partners Lending, with $3.9 million of merger expenses. Shareholders received 0.4567 to 0.4647 BC Partners Lending shares per share on September 26, 2026.
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Aug 14, 2024
12:06
Redemption
Alternative Credit Income Fund launched a quarterly repurchase offer for up to 5% of outstanding shares from September 9 to October 9, 2026. Requests are due by 4:00 p.m. Eastern Time on October 9, unless the BC Partners Lending merger closes first.
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Sep 03, 2025
17:26
Marketing Material, Ownership
Alternative Credit Income Fund moved its shareholder meeting from September 3 to September 10, 2026, with about 85% of votes cast supporting the proposed merger. April 14, 2026 record holders remain eligible to vote, and prior proxies count unless revoked.
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Oct 03, 2025
17:22
Redemption
Alternative Credit Income Fund announced a discretionary special repurchase offer for up to 15% of outstanding shares through September 24, 2026, tied to its proposed merger into BC Partners Lending; shareholder requests may be prorated if oversubscribed.
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Sep 28, 2025
13:13
Compliance
Alternative Credit Income Fund reported its annual fund voting record for 2026, with zero other included managers, zero series listed and no explanatory information.
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Oct 26, 2025
16:57
Ownership
Alternative Credit Income Fund adjourned its special meeting of shareholders to September 3, 2026 at 12:30 p.m. ET for a proposed merger vote. Shareholders may vote by internet, telephone, QR code or mail.
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Dec 26, 2025
16:43
Ownership, Redemption
Alternative Credit Income Fund adjourned its virtual shareholder meeting to September 3, 2026, at 12:30 p.m. ET to solicit votes on its proposed combination with BC Partners Lending, with related adjournments and a 15% net asset value redemption option.
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Jan 20, 2024
16:15
Marketing Material, Ownership, Redemption
Alternative Credit Income Fund detailed its proposed NAV-for-NAV merger into BC Partners Lending, expected in second-half 2026 with $1.0 million, or 23.3%, estimated annual savings; shareholders vote July 7, 2026, with up to 15% tender liquidity contingent on closing.
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Sep 20, 2025
16:15
Marketing Material, Ownership, Redemption
Alternative Credit Income Fund outlined its proposed NAV-for-NAV, non-taxable merger into BC Partners Lending, with votes due July 6 and an expected third-quarter close. Shareholders would receive at least 20% pre-merger liquidity, followed by a one-year redemption closure.
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Debt
Interval CE Funds
BDCs
BC Partners affiliate's interval fund delays BDC merger vote again
Sep 4, 2026

Alternative Credit Income Fund's 5% quarterly repurchases would pause for a year before the merged company begins discretionary 2.5% tenders.

Alternative Credit Income Fund
BC Partners and Sierra Crest Investment Management LLC are responsible for managing Alternative Credit Income Fund.
Alternative Credit Income Fund launched in 2015.
Alternative Credit Income Fund is registered as a '40 Act fund.
Alternative Credit Income Fund is structured as a Interval CEF fund.
You can invest in Alternative Credit Income Fund by meeting its eligibility requirements and subscribing through the fund's offering process or an approved platform. Visit their website for more details.
You can invest in Alternative Credit Income Fund daily, subject to eligibility and fund subscription deadlines.
You can redeem shares of Alternative Credit Income Fund quarterly, subject to redemption limits and notice requirements.
Shares of Alternative Credit Income Fund can be purchased in USD.
Alternative Credit Income Fund's fiscal year end is September 30.
Alternative Credit Income Fund's net asset value was $166.6 million and its portfolio had a fair value of $186.4 million as of June 30, 2026.
Among other deal types, Alternative Credit Income Fund primarily makes Debt Investments.
Among other asset classes, Alternative Credit Income Fund primarily invests in Direct Lending.
Among other regions, Alternative Credit Income Fund primarily invests in North America and the USA.
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