Steadfast Alcentra fund starts operations

The fund has acquired a ‘diverse portfolio of bond and loan positions’ with proceeds from its IPO. 

The newly-minted global credit fund run by Steadfast Companies and Alcentra has satisfied its minimum offering requirement of $3 million and is set to begin distributions to shareholders at the beginning of September, the managers said on Thursday.

The Steadfast Alcentra Global Credit Fund has commenced operations upon reaching its minimum offering of common stock, according to a statement.

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