VanEck Expands into CLO Equity with New Interval Fund

VanEck is expanding its footprint in structured credit with the launch of the VanEck CLO Opportunities Fund, an actively managed interval fund designed to provide exposure to equity and junior mezzanine tranches of collateralized loan obligations.

The fund, sub-advised by PineBridge Investments, a MetLife Investment Management company, marks VanEck’s first interval fund and reflects growing investor demand for access to less liquid, higher-yielding segments of the private credit market. The strategy focuses on CLOs backed by broadly syndicated loans and is structured to align investor liquidity with the underlying assets.

“We’ve seen strong investor interest in income strategies that allow investors to diversify their traditional fixed income portfolios,” said William Sokol, Director of Product Management at VanEck. “This fund extends our platform beyond investment-grade and higher rated mezzanine ETFs into equity and junior CLO debt, where we believe the interval fund structure allows for additional investment opportunities.”

The launch builds on VanEck’s broader CLO platform, which includes the investment-grade-focused VanEck CLO ETF (CLOI) and the mezzanine-focused VanEck AA-BB CLO ETF (CLOB), both actively managed by the same PineBridge team.

“The strategy’s flexible mandate allows us to allocate between equity and debt based on credit conditions, relative value and liquidity dynamics, to seek the most compelling income and total return opportunities,” said Laila Kollmorgen.

The move also follows VanEck’s broader push into alternatives, including its 2025 launch of the VanEck Alternative Asset Manager ETF (GPZ), underscoring continued convergence between public market vehicles and private credit exposure.