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
BC Partners, Sierra Crest Investment Management LLC
2015
'40 Act
Interval CEF
USD
Quarterly
Daily
1.86%
September 30
News and Notices
Portfolio Holdings
Portfolio Composition
Growth
Capital Flows
Share Classes
Returns
Fees
Ownership
Operating Metrics
Per Page
10
Notices
Nov 14, 2024
12:06
Redemptions
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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.
Dec 03, 2024
17:26
Marketing Materials, Ownership
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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.
Jan 03, 2024
17:22
Redemptions
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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.
Jun 28, 2025
13:13
Compliance
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Alternative Credit Income Fund reported its annual fund voting record for 2026, with zero other included managers, zero series listed and no explanatory information.
Apr 26, 2026
16:57
Ownership
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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.
Aug 26, 2026
16:43
Ownership, Redemptions
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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.
Jun 20, 2026
16:15
Marketing Materials, Ownership, Redemptions
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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.
Feb 20, 2024
16:15
Marketing Materials, Ownership, Redemptions
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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.
Oct 14, 2024
16:56
Ownership, Redemptions
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Alternative Credit Income Fund delayed its shareholder meeting from August 14, 2026, to September 3, 2026; about 86% of votes cast supported the proposed merger. If approved, it intends a repurchase offer for up to 15% before closing.
Feb 06, 2026
16:15
Compliance
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Alternative Credit Income Fund’s special meeting of shareholders was adjourned and will reconvene on August 14, 2026 at 1:30 p.m. ET. Shareholders may vote by internet, telephone, QR code or mail.
Preview
News
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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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