Loomis, Sayles & Company has launched a credit income opportunities fund, offering exposure to both public and private credit markets for institutional and retail investors.
The fund, named the Loomis Sayles Credit Income Opportunities Fund, is an interval fund that will invest across corporate credit, senior loans and structured credit, including collateralised loan obligations, as well as selected asset-backed and private credit investments.
Loomis, Sayles & Company, which manages $418bn (£311bn) in assets, is an affiliate of Natixis Investment Managers, which will distribute the fund.
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“The convergence of public and private credit along with the paramount importance of careful credit research is creating compelling opportunities for experienced, research-driven investors,” said Matt Eagan, head of full discretion and portfolio manager at Loomis, Sayles & Company.
The asset manager said that, by launching a multi-credit fund spanning both public and private credit markets, investors can “pursue more resilient portfolio construction”, particularly amid recent disruptions in the private credit and semi-liquid sectors.
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It comes as semi-liquid private credit vehicles, namely business development companies (BDCs) in the US, have experienced elevated redemption levels in recent months following concerns over the asset class’s exposure to the software sector and credit quality.
“Today’s evolving market structure, marked by dispersion, liquidity challenges and shifting sources of financing, is driving investors to look beyond traditional fixed income and increasingly toward private credit as they seek more diversified sources of income,” said Matt Garzone, senior vice president of private placements at Natixis Investment Managers.
