Credit Funds – Transfers Between Related Funds And Accounts, Equalisation And Ramping

As private credit continues to mature and innovate as an asset class, many managers are dealing with an ever-broader universe of investment strategies, products, funds and separately managed accounts (SMAs). As a result, some well-established private fund concepts are becoming more relevant and are being adapted to meet managers' and investors' needs in an increasingly diverse market.

Transfers between related funds and accounts

Many upper- and middle-market private credit managers now manage a constantly expanding platform of funds and SMAs across a range of strategies. Within any given strategy, a manager may be allocating investments across multiple funds with overlapping investment policies, as well as a raft of SMAs investing alongside those funds.