Variant Alternative Income Fund Crosses the $100 million AUM Milestone
PORTLAND, Ore., July 25, 2019 /PRNewswire/ -- Variant Investments, LLC announced that the Variant Alternative Income Fund (NICHX|UNIQX) has exceeded $100 million in assets under management (AUM). The interval fund launched on October 1, 2018 with $25 million in AUM with the goal of offering investors efficient access to a diversified portfolio of unconventional income generating assets.
"With bond yields across the risk spectrum back down to the lowest levels in years, many investors are actively seeking income alternatives that are less sensitive to interest rates and credit spreads," said Bob Elsasser, Variant Co-Founder and former central banker. "The Fund has been an attractive solution for that purpose given our focus on pre-institutional market niches with strong cashflows and uncorrelated returns."
The Fund offers access to a diverse portfolio of alternative asset classes, including litigation finance, music royalties, aviation and maritime leasing, specialty finance and secondaries in private credit. The interval fund structure provides investors such features as daily pricing, 1099 tax reporting, and quarterly liquidity with a fund-level gate of 5-25% of NAV. It also allows accredited investors the opportunity to access less liquid, potentially higher yielding alternative investments.
"We are honored to hit this milestone as it reflects the trust and confidence of our clients," stated Curt Fintel, Variant Co-Founder. "The steady pace of AUM growth this year has been well-aligned with our pipeline of unique deal flow. Maintaining that balance as we grow is of paramount importance."
The Fund is currently on the Schwab, Pershing and TD Ameritrade platforms, among others.
To learn more about the Variant Alternative Income Fund, please visit https://funds.variantinvestments.com/
To learn more about Variant Investments, LLC, please visit www.variantinvestments.com
The Variant Alternative Income Fund is a continuously-offered, non-diversified, registered closed-end fund with limited liquidity. There is no guarantee the Fund will achieve its objective. An investment in the Fund should only be made by investors who understand the risks involved, who are able to withstand the loss of the entire amount invested and who can bear the risks associated with the limited liquidity of Shares. A prospective investor must meet the definition of "accredited investor" under Regulation D under the Securities Act of 1933.
Important Risks: Shares are an illiquid investment. You should generally not expect to be able to sell your Shares (other than through the repurchase process), regardless of how the Fund performs. Although the Fund is required to implement a Share repurchase program only a limited number of Shares will be eligible for repurchase by the Fund.
An investment in the Fund is speculative, involves substantial risks, including the risk that the entire amount invested may be lost, and should not constitute a complete investment program. The Fund may leverage its investments by borrowing, use of swap agreements, options or other derivative instruments. The Fund is a newly-organized closed-end management investment company that has limited operating history and no public trading of its shares. The Fund is a non-diversified management investment company, meaning it may be more susceptible to any single economic or regulatory occurrence than a diversified investment company. In addition, the fund is subject to investment related risks of the underlying funds, general economic and market condition risk.
Alternative investments provide limited liquidity and include, among other things, the risks inherent in investing in securities, futures, commodities and derivatives, using leverage and engaging in short sales. The Fund's investment performance depends, at least in part, on how its assets are allocated and reallocated among asset classes and strategies. Such allocation could result in the Fund holding asset classes or investments that perform poorly or underperform. Investments and investment transactions are subject to various counterparty risks. The counterparties to transactions in over the-counter or "inter-dealer" markets are typically subject to lesser credit evaluation and regulatory oversight compared to members of "exchange-based" markets. This may increase the risk that a counterparty will not settle a transaction because of a credit or liquidity problem, thus causing the Fund to suffer losses. The Fund and its service providers may be prone to operational and information security risks resulting from breaches in cyber security. A breach in cyber security refers to both intentional and unintentional events that may cause the Fund to lose proprietary information, suffer data corruption, or lose operational capacity.
BEFORE INVESTING YOU SHOULD CAREFULLY CONSIDER THE FUND'S INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES. THIS AND OTHER INFORMATION IS IN THE PROSPECTUS, A COPY OF WHICH MAY BE OBTAINED FROM (877) 770-7717. PLEASE READ THE PROSPECTUS CAREFULLY BEFORE YOU INVEST.
Foreside Fund Services, LLC, distributor.
SOURCE Variant Investments
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