Franklin Templeton and Benefit Street Partners are teaming up to launch a new interval fund: Franklin BSP Private Credit Fund filed an initial draft registration statement on November 18.
PIMCO Flexible Credit Income Fund an interval fund seeking to raise $1 billion, went effective on February 9.
The Fund’s strategy is true to its name: flexible asset allocation across a wide variety of global credit sectors including, corporate , mortgage, consumer, emerging market, and municipal credit. PIMCO will shift the allocation based on market conditions, valuation assessments, economic outlook, credit market trends , and other economic factors.
According to the Prospectus: