Griffin Launches Closed-End Debt Fund

Griffin Capital headquarters in El Segundo, CA.

EL SEGUNDO, CA—Griffin Capital Co. said Monday it had launched the Institutional Access Credit Fund, an Investment Company Act of 1940 closed-end interval fund designed to provide individual investors with a portfolio of actively-managed debt securities. The new vehicle is actively managed by Bain Capital Credit, and follows on Griffin Capital’s 2014 launch of a closed-end interval fund that focuses on real estate investment funds and securities.

The credit fund’s investment objective is to generate both current income and capital appreciation with low volatility and low correlation to the broader markets. “By providing individual investors with access to a portfolio of institutional, diversified credit instruments that draws upon the expertise and investment management skills of Bain Capital Credit, we are potentially enabling ‘Main Street’ investors to capitalize on opportunities for income generation and capital appreciation that have previously been available only to large institutions,” says Randy Anderson, president of Griffin Capital Asset Management Co. LLC.