California's Griffin Capital Launches Credit Fund

Tom Burroughes

4 April 2017

Los Angeles-headquartered Griffin Capital has launched a credit fund to be actively managed by Bain Capital Credit.

The Institutional Access Credit Fund is an income-focused global credit solution structured as a ’40 Act closed-end interval fund. The purpose of the fund is to generate current income and capital appreciation with low volatility and low correlation to the broader markets.

The portfolio can include bank loans, high-yield bonds, structured credit, middle-market direct loans and non-performing loans. It is available in the following share classes: Class A ; Class C; and Class I .

“By providing individual investors with access to a portfolio of institutional, diversified credit instruments that draws upon the expertise and investment management skills of Bain Capital Credit, we are potentially enabling “Main Street” investors to capitalize on opportunities for income generation and capital appreciation that have previously been available only to large institutions,” Griffin Capital president Randy Anderson said.