ARTICLE
19 February 2018

New Public Alternative Funds (February 15th 2017)

KL
Herbert Smith Freehills Kramer LLP

Contributor

Herbert Smith Freehills Kramer is a world-leading global law firm, where our ambition is to help you achieve your goals. Exceptional client service and the pursuit of excellence are at our core. We invest in and care about our client relationships, which is why so many are longstanding. We enjoy breaking new ground, as we have for over 170 years. As a fully integrated transatlantic and transpacific firm, we are where you need us to be. Our footprint is extensive and committed across the world’s largest markets, key financial centres and major growth hubs. At our best tackling complexity and navigating change, we work alongside you on demanding litigation, exacting regulatory work and complex public and private market transactions. We are recognised as leading in these areas. We are immersed in the sectors and challenges that impact you. We are recognised as standing apart in energy, infrastructure and resources. And we’re focused on areas of growth that affect every business across the world.
New Public Alternative Funds.
United States Finance and Banking
Fund Name: American Beacon Sound Point Enhanced Income Fund
Adviser: American Beacon Advisors, Inc.
Sub-Adviser(s): Sound Point Capital Management, LP
Fees: Not specified
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: $100,000 minimum initial investment; $50 minimum subsequent investment
Filing Date: Feb. 9, 2018
Effective Date: Pending
   
Fund Name: Angel Oak Financial Institutions Trust
Adviser: Angel Oak Capital Advisors, LLC
Sub-Adviser(s): None
Fees: 1.15% Management Fee
Open- or Closed-End: Closed-End (Repurchase of shares to be considered at least annually)
Investor Restrictions: Unspecified minimum initial investment
Filing Date: Feb. 9, 2018
Effective Date: Pending
   
Fund Name: Weiss Strategic Interval Fund
Adviser: Weiss Multi-Strategy Advisers LLC
Sub-Adviser(s): None
Fees: 1.5% Management Fee
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: Accredited investors
Filing Date: Feb.1, 2018
Effective Date: Feb.1, 2018
   
Fund Name: Altegris Private Markets Opportunities Fund
Adviser: Altegris Advisors, L.L.C.
Sub-Adviser(s): StepStone Group LP
Fees: 1.2% Management Fee
Open- or Closed-End: Closed-End (Annual repurchase and quarterly secondary transfers commencing in third year of operation)
Investor Restrictions: $25,000 minimum initial investment; $10,000 minimum subsequent investment
Filing Date: Dec. 27, 2017
Effective Date: Dec. 27, 2017
   
Fund Name: OFI Carlyle Global Private Credit Fund
Adviser: OC Private Capital, LLC
Sub-Adviser(s): Not specified
Fees: Not specified
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: Minimum initial and subsequent investments not specified
Filing Date: Dec. 15, 2017
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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