Eagle Point Credit Management LLC (“Eagle Point”), a specialist investment manager focused on investing in CLO securities, portfolio debt securities and other credit investments, today announced the final close of its Defensive Income Fund. The fund had an original target size of $250 million, was oversubscribed and closed at its hard cap of $300 million.
“We saw very strong demand for our defensive income strategy, which we believe provides an attractive and uncorrelated source of yield,” said Thomas Majewski, Managing Partner of Eagle Point. “This niche investment strategy capitalizes on Eagle Point’s highly differentiated approach to source, diligence and acquire portfolio debt securities, including debt and preferred equity issued by credit funds and BDCs, which is unique among institutional credit managers. We greatly appreciate the confidence that our investors have in our ability to deliver yield across market cycles.”
Eagle Point’s Defensive Income Fund was supported by a diverse group of limited partners, including endowments, foundations, public pension funds, insurance companies and family offices.
Eagle Point was formed in 2012 by Mr. Majewski and Stone Point Capital.
About Eagle Point Credit Management
Eagle Point Credit Management is a specialist investment manager focused on investing in CLO Securities, Portfolio Debt Securities and other credit investments. As of September 2021, Eagle Point manages over $5.9 billion of assets for a diverse set of clients. Learn more about Eagle Point at http://eaglepointcredit.com/.
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Contacts
ICR
Brian Ruby/Nicole Hakimi
EaglePoint@icrinc.com
