VanEck Launches First Interval Fund in CLO Equity Market, Sub-advised by PineBridge
VanEck has launched the VanEck CLO Opportunities Fund, an actively managed interval fund sub-advised by PineBridge Investments, focusing on CLO equity and junior mezzanine debt. The fund is illiquid, with shares redeemable only through limited quarterly repurchase offers, and carries elevated credit risk. This marks VanEck's first foray into interval funds, aiming to provide access to less liquid segments of the CLO market.
Topics: CLO Collateralized Loan Obligation Fund Launch Interval Fund PineBridge Investments VanEck