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Alternative Assets  + Private Debt  | 
Calamos, Aksia Join Forces for Interval Credit Fund

Calamos, Aksia Join Forces for Interval Credit Fund

Private credit manager Aksia and investment firm Calamos Investments have partnered to launch Calamos Aksia Alternative Credit and Income Fund (CAPIX), a closed-end interval fund investing in private credit.

The fund will accept allocations on June 1, 2023.

CAPIX will lean on New York-based Aksia’s expertise and network of private credit partners, including those in direct lending, distressed and special situations, mezzanine financing, real estate credit, real assets credit and specialty finance. Chicago-area Calamos will manage liquid alternatives and fixed income and will provide oversight for CAPIX’s liquidity.

“Institutional investors have long recognized that private credit can deliver significant income and portfolio diversification, with many allocating 5%-10% of their portfolios to the asset class,” said Aksia CEO Jim Vos.

CAPIX will be available for daily purchase by both accredited and non-accredited investors across a range of investment platforms.

Since investors want to access private credit opportunities in a more liquid format, the number of interval credit funds has increased in recent years. With a $100 million initial investment, Nomura Private Capital launched its first interval credit fund in March.

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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