Pursuit Funds has launched an asset-based income fund (GOFOX) to offer investors greater access to niche private markets.
The closed-end, interval fund will be continuously offered and replaces the US firm’s previous private fund. Investors can expect exposure to collateral-backed investments across specialty finance, capital relief, trade finance, real assets, royalties, and sports and media rights.
Read more: Private credit strategies grow share of closed-end fund market
Since its successful private offer launch in October 2024, GOFOX and its predecessor fund have delivered 13.58 per cent net returns to investors.
“We created the Pursuit Asset-Based Income Fund to bring the potential benefits of niche asset-based credit to a broader set of investors—without sacrificing opportunities for liquidity or transparency,” said founder and chief investment officer, Paul Ghaffari. “Through this vehicle, we aim to unlock value in areas that are structurally inefficient, capital-scarce, and inaccessible to institutional allocators.”
Read more: Private markets allocations predicted to rise by two thirds of financial advisers
GOFOX focusses on asset-based investments in hard-to-access niche markets that are often overlooked by traditional asset managers, but that may offer a return premium and more robust risk controls than comparable fixed income and private credit institutional offerings.
Earlier, Pursuit Funds launched a strategic joint venture with private credit marketplace provider Percent, who helps the alternative asset manager with origination, documentation, servicing, and portfolio data.
Read more: US advisors bullish on private credit
