New Public Alternative Funds - May 24, 2018

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Kramer Levin Naftalis & Frankel LLP

Contributor

Kramer Levin provides its clients proactive, creative and pragmatic solutions that address today’s most challenging legal issues. The firm is headquartered in New York with offices in Silicon Valley and Paris and fosters a strong culture of involvement in public and community service. For more information, visit www.kramerlevin.com
New Public Alternative Funds - May 24, 2018
United States Finance and Banking

Fund Name:

Hatteras Reinsurance Fund

Adviser:

Hatteras Funds, LP

Sub-Adviser(s):

Not specified

Fees:

1.7% Management Fee

Open- or Closed-End:

Closed-End (Quarterly repurchase; Interval fund)

Investor Restrictions:

$5 million minimum investment

Filing Date:

May 15, 2018

Effective Date:

Pending

Fund Name:

City National Rochdale Strategic Credit Fund

Adviser:

City National Rochdale, LLC

Sub-Adviser(s):

CIFC

Fees:

1.5% Management Fee

Open- or Closed-End:

Closed-End (Quarterly repurchase; Interval fund)

Investor Restrictions:

$1 million minimum initial investment

Filing Date:

May 14, 2018

Effective Date:

Pending

Fund Name:

Hedge Fund Guided Portfolio Solution

Adviser:

Grosvenor Capital Management, L.P.

Sub-Adviser(s):

None

Fees:

0.55% Advisory Fee

Open- or Closed-End:

Closed-End (Quarterly repurchase)

Investor Restrictions:

Accredited investor; $25,000 minimum initial investment; $1,000 minimum subsequent investment

Filing Date:

April 26, 2018

Effective Date:

Pending

Fund Name:

FS Multi-Alternative Income Fund

Adviser:

FS Multi-Alternative Advisor, LLC

Sub-Adviser(s):

GoldenTree Asset Management Credit Advisor LLC, KKR Credit Advisors (US) LLC and StepStone Group Real Estate LP.

Fees:

Not specified

Open- or Closed-End:

Closed-End (Quarterly repurchase; Interval fund)

Investor Restrictions:

$2,500 minimum initial investment for regular accounts, $1,000 for retirement plan accounts, $100 minimum subsequent investment for regular accounts, $50 for retirement plan accounts (Class A, L, M and T); $1 million minimum initial investment, no restrictions on subsequent investments (Class I)

Filing Date:

April 17, 2018

Effective Date:

Pending

Fund Name:

Variant Alternative Income Fund

Adviser:

Variant Investments, LLC

Sub-Adviser(s):

None

Fees:

0.95% Management Fee

Open- or Closed-End:

Closed-End (Quarterly repurchase; Interval fund)

Investor Restrictions:

Accredited investor; $1 million minimum initial investment (Institutional class shares); $25,000 minimum initial investment (Investor class shares)

Filing Date:

April 13, 2018

Effective Date:

Pending

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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