Recent private credit fund manager research conducted by the Alternative Credit Council and Dechert LLP has revealed a number of significant trends driving change in private credit fund structuring. The study found that 80% of respondents manage capital through a combination of commingled funds and other vehicles.
While these commingled structures remain popular, 95% of managers say they now offer managed account structures for single investors, with SMAs being available at a range of allocation levels. Although 44% of respondents stated that they are only able to offer managed account structures for $100 million+ allocations, 51% of respondents offer managed account structures for single investors below $100 million, indicating that there is a high degree of willingness to consider such structures at lower allocations.
Volta Finance Ltd (LON:VTA) is a closed-ended limited liability company registered in Guernsey. Volta’s investment objectives are to seek to preserve capital across the credit cycle and to provide a stable stream of income to its Shareholders through dividends that it expects to distribute on a quarterly basis.