Monachil Credit Income Fund
A registered, continuously offered, closed-end interval fund that seeks to
provide investors with current income and attractive risk-adjusted returns
The Fund seeks to provide investors with current income and attractive risk-adjusted returns with relatively low correlation to the public equity and fixed-income markets.
The Fund seeks to achieve low correlation to public equity and fixed-income markets by investing, under normal market conditions, a majority of its assets in instruments that are not included in major fixed-income indexes including high yield and investment grade indexes. These investments may include, but are not limited to, consumer whole loans, non-mortgage securitizations such as those backed by corporate and sovereign loans, consumer credit, project finance, lease/trade receivables, equipment retail installment contracts or leased equipment and individualized lending agreements, and instruments that either due to size or liquidity are not included in the more liquid index products.
Fund Overview
SHARES OFFERED
Class I
INCEPTION DATE
Class I - December 5, 2022
SUBSCRIPTIONS
Class I - $2,500 minimum
DISTRIBUTION
Monthly (not guaranteed)
LIQUIDITY*
Quarterly; 5% of Fund NAV
MANAGEMENT FEE
1.25% of managed assets
INCENTIVE FEE
15%, subject to a hurdle rate
HURDLE RATE
6% annualized
*Liquidity is limited and provided through quarterly repurchases. There is no guarantee that an investor will be able to sell all shares in a repurchase offer. There is no assurance that monthly distributions paid by the Fund will be maintained at a certain level or that distributions will be paid at all.