Mixed Strategy Credit Fund
A diversified approach combining real estate debt, corporate credit, and asset-backed securities for optimal risk-adjusted returns.
The Mixed Strategy Credit Fund aims to generate consistent high yields for income focused investors by deploying capital into a diversified portfolio of real estate debt investments with a particular focus on residential real estate in the Sunbelt region.
The aftereffects of a 15-year expansionary monetary policy, combined with the recent dramatic rise in interest rates, has led to a once-in-a decade investment opportunity in real estate credit. (See The Great Deleveraging for more details). As such, the Mixed Strategy Credit Fund seeks to take advantage of this current market dislocation by identifying and deploying capital into credit investments with attractive risk-adjusted returns, lending capital to experienced borrowers who need bridge loans or gap financing for high-quality assets in attractive locations.
Investment strategy drivers:
- Residential lending program: Our residential lending program provides flexible and competitive senior loans, mezzanine debt, and senior preferred equity for residential real estate, with a focus on multifamily and build-for-rent (BFR) single family communities. This structured lending program seeks to mitigate risk by lending senior to the borrower's equity, typically making investments at 65% to 80% of loan-to-value (LTV).
- Homebuilder financing: Our homebuilder financing program focuses on lending to some of the largest single-family homebuilders in the country. Demographic shifts (aging millennials, household formation) and lifestyle trends (migration to warmer, more affordable locations) combined with a lack of affordable housing, is setting the stage for continued strong demand for housing. By partnering with major homebuilders across the country, we are able to invest with best-in-class partners in the most attractive locations.
- Opportunistic lending: In certain scenarios, the Fund will also take advantage of dislocations in markets as a result of changing economic conditions in order to deploy capital opportunistically across various asset classes and markets where we believe the risk-adjusted return is particularly attractive or mispriced.
Fund type: The Mixed Strategy Credit Fund is publicly registered under the Investment Company Act of 1940 as a non-diversified, closed-end management investment company that is operated as an "interval fund" with a mixed credit strategy approach.
Asset type
Hypothetical growth of $10,000
Hypothetical performance of investment between Sep 2023 and today with dividend reinvestment enabled. Past performance does not guarantee future results.
Historical net return
| NAV at end of period | $1.12 | $1.13 | $1.14 | $1.14 | $1.15 | $1.16 | $1.17 | $1.17 | $1.17 | ||||
| Distribution rate | +0.6% | +0.6% | +0.6% | +0.6% | +0.6% | +0.6% | +0.6% | +0.6% | 4.8% | ||||
| Appreciation | +0.2% | -0.2% | +0.4% | -0.3% | -0.1% | +0.2% | +0.4% | -0.2% | +0.4% | ||||
| Total return | +0.8% | +0.4% | +1.0% | +0.3% | +0.6% | +0.8% | +1.0% | +0.4% | +5.3% |
Performance data: 24 months available. Last data: August 2025.
Literature
All investors should consider the investment objectives, risks and charges and expenses of the Fund carefully before investing. Information regarding such considerations, including the prospectus of the '40 Act registered fund may be found below. Investors should read the prospectus carefully before investing.