Eagle Point Institutional Income Fund Added to Schwab Alts Platform

Eagle Point Credit Management LLC, a specialist credit asset manager with more than $11 billion of assets under management, announced that its non-traded closed-end fund, Eagle Point Institutional Income Fund, has been added to the Schwab Alternative Investment OneSource platform.

The Schwab Alternative Investment OneSource platform provides investors with access to a diversified portfolio of non-listed alternative investments issued by well-known asset managers. It also purports to offer streamlined execution and consolidated reporting with no annual custody fee.

“We’re excited to join the Schwab Alternative Investment OneSource platform and make Eagle Point Institutional Income Fund more accessible to investors through independent financial advisers,” said Thomas Majewski, the fund’s chairman and chief executive officer. “We believe investors who are interested in income-generating investments will find Eagle Point Institutional Income Fund to be an attractive part of their portfolio.”

According to Eagle Point, the fund’s primary investment objective is to generate high current income with a secondary objective of generating capital appreciation by investing primarily in diversified pools of senior secured loans known as collateralized loan obligations, or CLOs.

As of Dec. 31, 2024, the fund’s reported net asset value was $9.62. The fund also reported $11 billion in assets under management with a 12-year track record. As of the same date, the fund’s portfolio of 78 CLO equity investments provided exposure to 1,364 different U.S. companies across 62 different industries. Just over 12% of the fund’s underlying borrowers are in technology, followed by healthcare providers and services at 5.3%, and diversified financial services and media – both at 5%.

Eagle Point also reported that the fund has made 30 months of consecutive monthly distribution payments since commencing operations, generating a 10.4% annualized distribution rate.

Last year, the fund reached a milestone when it exceeded $100 million of total assets, only to exceed $150 million with a 9.9% annual net return shortly thereafter.

Eagle Point Credit is a specialist investment manager focused on overlooked and underserved credit markets with low to zero historical losses by investing in CLO debt, CLO equity, regulatory capital relief, portfolio debt securities, and strategic credit. As of Sept. 30, 2024, Eagle Point Credit and its affiliates managed over $10 billion of assets under management, including committed but undrawn capital.

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