CAPIX
$10.46
$0.00 (0.00%)
As of 4/17/24
$144.8 Million
As of 4/17/24
3.86%
As of 4/17/24
6/8/23
The Fund invests in various strategies across the private credit asset class, resulting in a wide range of credit investments. The remainder of the Fund's assets will be allocated to dedicated liquidity sources that seek to outperform cash yields, provide needed liquidity to support investors' quarterly repurchases, pursue opportunistic yield and enhance overall portfolio diversification.
The Fund seeks attractive risk-adjusted returns and high current income.
Name | Fund |
---|---|
# Underlying Loans: | 80 |
# of Industries: | 35 |
# Sourcing Partners: | 43 |
First Lien: | 97% |
Floating Rate: | 96% |
Avg Loan to Value: | 43% |
Avg EBITDA: | $125.7M |
Duration (Years): | 0.21 |
Avg. Maturity (Years): | 4.4 |
Investment Name | Strategy | Sub-Strategy | Yield5 | Loan to Value | % of NAV |
---|---|---|---|---|---|
Project Eclipse | Direct Lending | US Direct Lending - Lower | 11.2% | 41% | 3.0% |
Project Albany | Real Estate Credit | US CRE Debt - Mid-market | 12.5% | 52% | 2.6% |
Project Shepard | Real Estate Credit | US CRE Debt - Mid-market | 10.5% | 36% | 2.3% |
Project Zenith | Specialty Finance | Regulatory Capital | 11.8% | N/A | 2.3% |
Project Redwood | Direct Lending | US Direct Lending - Upper/Mega | 10.8% | 63% | 2.3% |
Project Juniper | Direct Lending | US Direct Lending - Core | 11.9% | 44% | 2.3% |
Project Solo | Direct Lending | US Direct Lending - Upper/Mega | 10.8% | 38% | 2.3% |
Project Endeavor | Direct Lending | US Direct Lending - Upper/Mega | 11.9% | 44% | 2.2% |
Project Belfry | Direct Lending | US Direct Lending - Upper/Mega | 10.6% | 46% | 2.2% |
Project Bamboo | Specialty Finance | Technology Lending | 12.1% | 20% | 2.0% |
Ticker: | CAPIX (Class I shares) |
---|---|
Objective: | The fund seeks attractive risk-adjusted returns and high current income |
Structure: | Interval Fund (40-Act registered) with daily purchase and quarterly repurchase |
Accreditation Requirement: | None |
Purchase: | Daily |
Benchmark: | Morningstar LSTA US Leveraged Loan Index |
Leverage: | Up to 25% |
Private Fund6 Investment Limitation: | Maximum of 15% |
Liquidity Terms: | Quarterly; no less than 5% of outstanding shares |
Distributions: | Quarterly |
Tax Reporting: | 1099-DIV |
Expenses7: | 1.50% (excluding borrowing costs) |
Performance Fee: | None |
7Expenses include management fees of 1.25% of net assets and other expenses capped at 0.25% but excludes fees and interest on borrowed funds of 0.6% as of 3/31/24.
The Advisor, the Sub-Advisor and the Fund have entered into the Expense Limitation Agreement under which the Advisor and Sub-Advisor have agreed contractually for a three-year period from the date of the Prospectus to reimburse certain other expenses incurred in the business of the Fund on a 50/50 basis, calculated and reimbursed on a Class-by-Class basis in respect of each of Class A, Class C, and Class I, with the exception of (i) the Investment Management Fee, (ii) the Shareholder Servicing Fee, (iii) the Distribution Fee, (iv) certain costs associated with the acquisition, ongoing investment and disposition of the Fund’s investments and unconsummated investments, including legal costs, professional fees, travel costs and brokerage costs, (v) acquired fund fees and expenses, (vi) dividend and interest payments (including any dividend payments, interest expenses, commitment fees, or other expenses related to any leverage incurred by the Fund), (vii) taxes and costs to reclaim foreign taxes, and (viii) extraordinary expenses (as determined in the discretion of the Advisor and Sub-Advisor), to the extent that such expenses exceed 0.25% of the average daily net assets of such class. See the prospectus for estimated interest expenses and additional information regarding fees and estimated operating expenses.
You should read the accompanying prospectus and any accompanying prospectus supplement, which contain important information, before deciding whether to invest in our securities.
The statement of additional information is a supplementary document to the fund’s prospectus and contains additional information about the fund and includes further disclosure regarding its operations.
The semi-annual report provides a comprehensive review of the fund’s activities and financial performance over a six month period.
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