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Accessing Credit Offerings through Closed End Funds

In a quest for less correlation and a more diversified portfolio, financial advisors are increasingly looking to private credit offerings. Closed end funds provide an amenable structure to deliver on that need.

To effectively leverage private credit in a client’s portfolio, however, asset level evaluation of the investment thesis is of critical importance. This call will look exclusively at private credit closed end funds and how to effectively evaluate the strategy inside the wrapper and capture the benefits of the private credit asset class.

Panelists:

Colin McGinnis, Portfolio Manager, Priority Income Fund
Michael Terwilliger, Portfolio Manager, Resource Credit Income Fund
Don Salvino, Head of Private Wealth Distribution, Alcentra NY, LLC

Moderator: John Kearney, Co-President, Snyder Kearney, LLC

Private Credit as an Asset Class

  • Describe your basic investment thesis.
  • What unique private credit opportunity do you see and how is your fund positioned to take advantage?
  • How do you seek to maintain the inherent advantage of private credit direct lending through a retail platform?
  • How should an advisor evaluate a CEF when considering an allocation to private credit?

 

Basic Structural Considerations of Real Estate in a CEF

  • What makes a CEF an attractive vehicle for private credit holdings?
  • How might a CEF structure provide an appropriate private credit solution for advisory/fee based accounts?
  • How do you manage liquidity needs for periodic investor redemption requests?
  • What considerations do you have for liquidity?
  • In what ways can CEFs assist advisors and b-ds with regulatory concerns?
  • How can a b-d best mitigate risk with due diligence and supervision of CEFs?

 

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Date

Apr 16 2024

Time

Eastern
2:00 pm - 3:00 pm
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