Democratisation

The funds join a growing list of credit funds seeking to tap the sizeable market for individual investors

Lincoln will partner with the managers to launch two evergreen funds to focus on global private credit and royalties.

Blackstone Private Multi-Asset Credit and Income Fund plans to give investors exposure across its entire platform.

Private credit is ideally suited to the burgeoning private wealth channel, say Oak Hill Advisors’ Alan Schrager and Eric Muller.

As observers had anticipated, illiquid credit assets comprise no more than 15% of the fund’s assets.

The tokenised feeder fund represents the next step in Apollo’s private markets democratisation efforts.

A new service will help wealth managers to design private markets products for their high-net-worth clients.