Alternative Credit Income Fund's 5% quarterly repurchases would pause for a year before the merged company begins discretionary 2.5% tenders.
We examine the Q2 capital flows, investment activity, and performance of the secondaries-focused interval fund, leveraging EvergreenLink Data.
Shareholders submitted an estimated $4.3 billion of Q3 repurchase requests, representing around 10% of shares outstanding, as of June.
The acquisition brings three interval funds, a BDC, and a $41 billion CLO and alternative credit business to the combined platform.
Offered by State Street, the credit line for CION Ares Diversified Credit Fund now matures in 2028, with its applicable spread rising by 10 basis points.
The recently registered interval fund will invest in DLP Capital vehicles targeting debt and equity opportunities across US attainable rental housing.
