The open-ended evergreen fund will give institutional and private wealth investors access to direct lending, credit secondaries, fund finance, and other income strategies.
The strategy, anchored by a Korean institutional investor, has adopted an evergreen semi-liquid structure aimed at capturing emerging credit secondary opportunities throughout the cycle.
The recently registered interval fund, sub-advised by Barings, will target private asset-based credit investments through direct and secondary transactions.
The credit secondaries vehicle will reportedly acquire loans from the manager's existing portfolio and provide fresh capital for new lending.
The tender offer fund targets private credit investments through primaries, secondaries, co-investments, and directs.
The fund has already secured a $125 million anchor commitment from Beedie Capital following its acquisition of a 50% stake in Vistara.
These changes, in part designed to improve liquidity, included the addition of opportunistic secondary investments.
Institutional Link highlights key characteristics of the North Haven Strategic Credit Fund, which will operate as a non-diversified interval fund.
The recently registered interval vehicle, offering 7.5% periodic liquidity, will target credit investments across multiple strategies, including secondaries.
The vehicle primarily targets investment funds that engage in private lending, including the implementation of secondary strategies to acquire credit funds.
