StepStone Private Wealth launched the StepStone Private Credit Income Fund (CRDEX), an evergreen interval fund.
CRDEX offers individual investors and institutions exposure to a diversified, open-architecture portfolio of private credit assets in a single investment. CRDEX will use a “multi-lender” approach to achieve its objectives and employ both direct lending and specialty credit strategies to construct its portfolio, which will include investments such as direct loans and secondaries.
“CRDEX seeks to provide a stable, attractive yield and inflation protection that will temper the volatility in traditional portfolios by investing primarily in floating rate, senior secured loans,” Bob Long, CEO of StepStone Private Wealth, said. “Benefitting from StepStone’s industry leading technology, research and data capabilities, CRDEX aspires to construct a portfolio that is well diversified by manager, underlying borrower and sub-strategy, similar to our other private wealth funds.”
