King Street Capital Management and Lumyna Investments have announced the launch of a new evergreen private credit strategy designed to meet the rising demand for flexible lending.
The Lumyna – King Street Credit Opportunities Fund will provide access to a broad set of credit opportunities, including corporate and asset-based lending, dislocated public credit opportunities, and select distressed situations.
King Street will serve as the investment manager, with Lumyna acting as manufacturer and distributor for the fund.
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“We are proud to introduce a strategy that leverages our decades of experience identifying compelling opportunities across credit markets to address what we believe is a significant gap in the market for evergreen private credit solutions,” said Domenico Lia, partner at King Street.
“As investors increasingly seek private credit for diversification and attractive risk-adjusted returns, our strategy is intended to provide a sophisticated and dynamic solution.”
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“Investor demand for evergreen private market solutions continues to grow rapidly,” added Paul Holmes, head of distribution at Lumyna.
“The Lumyna – King Street Credit Opportunities Fund meets this demand with a differentiated approach to many of the credit strategies currently available by providing access to a broader universe of private credit opportunities.
“Partnering with King Street, a manager renowned for its expertise across credit cycles, underscores our commitment to delivering exceptional and innovative products to our investors.”
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