Muzinich & Co has partnered with Cordusio SIM for the launch of an ELTIF fund, designed and managed by the corporate credit firm in Europe.
Muzinich Firstlight Middle Market ELTIF is a multi-credit strategy that uses Muzinich's best expertise across the spectrum of corporate credit.
The Fund will invest in a dynamic portfolio of liquid (European syndicated loans and high yield bonds) and illiquid (European private debt) instruments. Its main objective is to preserve capital while intends to offer protection against rising interest rates and volatility.
Structured to distribute attractive coupons on a regular basis throughout its lifetime, the strategy will be made available to investors throughout Europe and the UK.
"In structuring Firstlight, we have carefully combined a range of asset classes that, in our view, deliver a solution that is closely aligned to the needs of retail investors, while helping to support the broader European economy," said Filomena Cocco, Muzinich's managing director - Business Development, Europe.
Manuela D'Onofrio (pictured), Cordusio head of Investment & Products added: "Being market innovators in an ever-changing world allows us to welcome new opportunities. In the current context, which envisages moderate rates growth and inflation that is unlikely to reach 2%, it is necessary to create instruments that can generate returns even for those clients less inclined to riskier investment classes. With Firstlight we are now able to offer a service aimed at concretely supporting the real economy of European companies."