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“We are seeing interesting opportunities in energy companies, as well as gaming and casino companies,” Peskind said. The fund is offering founders’ round terms until it reaches a $200 million threshold. Investors are being offered the strategy at 50 basis points with 10% of profits over time and quarterly liquidity. There is also no lockup, so investors can exit at any time. Phoenix recently received a $40 million investment from a European institutional investor for their JLP Institutional Credit Fund, bringing that fund’s total assets to approximately $60 million and pushing the firm’s total assets under management to more than $500 million.
“We are seeing interesting opportunities in energy companies, as well as gaming and casino companies,” Peskind said.
The fund is offering founders’ round terms until it reaches a $200 million threshold. Investors are being offered the strategy at 50 basis points with 10% of profits over time and quarterly liquidity. There is also no lockup, so investors can exit at any time.
Phoenix recently received a $40 million investment from a European institutional investor for their JLP Institutional Credit Fund, bringing that fund’s total assets to approximately $60 million and pushing the firm’s total assets under management to more than $500 million.
Corie Russelleditors@plansponsor.com