The private market strategies, in partnership with Apollo and Franklin Templeton, will allocate 12-20% to private debt and real estate through interval funds.
The recently registered interval fund, sub-advised by Barings, will target private asset-based credit investments through direct and secondary transactions.
The firm also provided updates on its private equity evergreen fund and non-traded BDC, as well as plans to launch new products targeting the wealth segment.
The vote follows the board's termination of Octagon and clears the condition for the fund's previously announced liquidity plan.
"Octagon's proposals do not amount to a real plan forward," XAI president Kimberly Flynn exclusively told EvergreenLink.
Shareholders in the closed-end traded fund have until August 6 to approve the King Street sub-advisory agreement, as former sub-advisor Octagon denounced the decision arguing insufficient support.
The $580 million fund's former sub-adviser Octagon called the proposed tender offers "vote bait," while Egan-Jones maintained its recommendation against the proposed appointment.
The contested proxy campaign in the $580 million CLO fund was sparked by the board's decision to terminate Octagon as sub-adviser and propose Rockford Tower as its replacement.
The private credit manager's first offering on the platform is an interval fund that provides exposure to Eagle Point's multi-strategy credit platform.
Callodine Specialty Income Fund will be adding entertainment lending and aviation finance sleeves to its strategies as it expands availability across custodial platforms.
