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GoldenTree Asset Management Launches Interval Fund to Provide Individual Investors Access to Opportunistic Credit

via Business Wire

GoldenTree Asset Management announced the upcoming launch of GoldenTree Opportunistic Credit Fund (“GTOC”) (I-share: GTPIX) (the “Fund”). The Fund is structured as a registered, unlisted closed-end interval fund, expanding GoldenTree’s suite of products and providing 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 is a leading global investment management firm with nearly $60 billion of assets under management, supported by a team of approximately 100 investment professionals with average experience of 16 years. The interval fund structure provides flexibility for GoldenTree’s broad and experienced team to rotate across public and private credit markets, sourcing opportunities primarily in corporate credit, structured credit, and distressed investments.

“GoldenTree has delivered differentiated returns in opportunistic, multi-asset credit strategies for more than 25 years. 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,” said Steve Tananbaum, GoldenTree’s Founder, Managing Partner and Chief Investment Officer.

Lee Kruter, a Partner and Head of Performing Credit at GoldenTree, added “today’s market is a great example of why having flexibility is critical. 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,” said Kathy Sutherland, a Partner and GoldenTree’s Chief Executive Officer. “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.”

The Fund is offered as a 1940 Act registered closed-end interval fund with low investment minimums, capital invested immediately, 1099 tax reporting, intended monthly income distributions, quarterly repurchases of 5% of the Fund’s NAV, and daily NAV investing via a ticker. The Fund’s interval structure offers an optimal solution for wealth advisors and their clients by streamlining the subscription process, minimizing administrative complexities, and simplifying tax reporting. The Fund completed its registration process and was declared effective in June. For more information and a copy of the prospectus, please visit www.GoldenTreeFunds.com.

About GoldenTree

GoldenTree is an employee-owned, global asset management firm that specializes in opportunities across the credit universe in sectors such as high yield bonds, leveraged loans, private credit, distressed debt, structured credit, emerging markets, real estate, private equity and credit-themed equities. GoldenTree was founded in 2000 by Steven Tananbaum and is one of the largest independent global credit asset managers. GoldenTree manages nearly $60 billion for institutional and individual investors, including leading public and corporate pensions, endowments, foundations, insurance companies and sovereign wealth funds, family offices, and high net worth individuals. GoldenTree has over 310 employees, with offices in New York, West Palm Beach, Charlotte, Newport Beach, Dallas, London, Dublin, Munich, Singapore, Sydney, Tokyo and Dubai. For more information, please visit www.goldentree.com. The GoldenTree Opportunistic Credit Fund is distributed by Foreside Fund Services, LLC. which is not an Adviser affiliate.

Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus with this and other information about the Fund, please visit our website at www.goldentreefunds.com. Read the prospectus carefully before investing.

Disclosures

Investing in the Fund may be considered speculative and involves a high degree of risk, including the risk of a substantial loss of investment. Shares will not be publicly traded and are not currently listed on any securities exchange. You should not expect to be able to sell your Shares regardless of how the Fund performs. Because you will be unable to sell Shares through a securities exchange, you will be unable to reduce your exposure on any market downturn. An investment in the Fund is not suitable for investors that require short-term liquidity.

There is no assurance that monthly distributions paid by the Fund will be maintained at the targeted level or that dividends will be paid at all. The amount of distributions that the Fund may pay, if any, is uncertain. The Fund may pay distributions in significant part from sources that may not be available in the future and that are unrelated to the Fund’s performance, such as from offering proceeds or borrowings, which may constitute a return of capital and reduce the amount of capital available to the Fund for investment.

No guarantee or representation is made that the Fund’s investment program will be successful or will achieve its objective. The Fund’s investment program involves, without limitation, risks associated with limited diversification and concentration, leverage, investments in speculative assets and the use of speculative investment strategies and techniques, interest rates, volatility, tracking risks in hedged positions, credit deterioration or default risks, systems risks and other risks inherent in the Fund’s activities. Certain investment techniques of the Fund such as the use of leverage can magnify the impact of adverse market moves to the Fund. In addition, the Fund’s investments may be materially affected by conditions in real estate markets, the financial markets and overall economic conditions.

Certain information contained in this communication constitutes “forward looking statements” within the meaning of the federal securities laws. These forward-looking statements can be identified by the use of forward-looking terminology, such as “believes,” “expects,” “potential,” “may,” “aims,” “seeks,” “approximately,” “anticipates,” or the negative versions of these words or other comparable words thereof.

The Board of Trustees in its sole discretion, will determine to repurchase shares subject to certain terms and conditions. Investors will not normally have rights to redeem their shares in the amount or at the time desired.

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