Constancy Investments has expanded its rising different funding product providing by launching its first enterprise growth firm, Constancy Personal Credit score Fund.
The brand new fund goals to generate present revenue and, to a lesser extent, long-term capital appreciation, by way of straight originated loans and different choose non-public credit score investments to personal corporations, the corporate introduced in a press launch on Monday.
The brand new BDC is offered now for eligible particular person traders and distributed by way of monetary advisors and intermediaries in 43 states and territories.
The fund is offered to traders with a gross annual revenue of at the least $70,000 and internet price of $70,000 or extra, or a internet price of $250,000. Particular person broker-dealers might impose further eligibility necessities.
“With the launch of Constancy Personal Credit score Fund, Constancy leverages the depth and breadth of our credit-focused assets to supply our purchasers an income-oriented technique within the non-public credit score markets,” stated David Gaito, portfolio supervisor of Constancy Personal Credit score Fund and head of direct lending at Constancy Investments. “We proceed to see important progress within the non-public credit score market and Constancy’s direct lending crew goals to make use of our in depth community to entry excessive credit score high quality funding alternatives.”