GoldenTree Asset Management will launch GoldenTree Opportunistic Credit Fund (GTOC). The fund is structured as a registered, unlisted closed-end interval fund, designed to expand GoldenTree’s suite of products and provide alternative credit solutions for individual investors. The fund invests opportunistically across public and private credit markets and aims to generate attractive risk-adjusted returns while seeking income in addition to capital appreciation.
“GoldenTree has delivered differentiated returns in opportunistic, multi-asset credit strategies for more than 25 years,” Steve Tananbaum, founder, managing partner and chief investment officer of GoldenTree, said. “Having a flexible approach and broad toolkit enables us to capitalize on market dislocations and dynamically rebalance the portfolio aiming to capture the most attractive returns.”
“Today’s market is a great example of why having flexibility is critical,” Lee Kruter, a partner and head of performing credit at GoldenTree, said. “In public markets, we are finding attractive opportunities in the tradeable debt of stressed issuers, which we believe is being materially mispriced by the market. And we are also creating bespoke, private solutions in corporate and structured credit markets that offer potentially significant return premiums.”
“GoldenTree was early in applying the interval fund structure to capture opportunistic credit strategies – actively participating in the market since 2017. We are delighted to be launching GTOC to provide individual investors access to an institutional investment strategy capturing a broad range of opportunities across credit markets,” Kathy Sutherland, a partner and CEO of GoldenTree, said. “We believe this fund is differentiated in the market given its dynamic nature and total return focus, distinguishing it from many alternative credit funds which are income focused and constrained to a narrow subset of private credit.”
