Interval Fund Exceeds $100M in Assets

IRVINE, CA—The Vertical Capital Income Fund has become one of the first interval funds to exceed $100 million in assets. The fund has outperformed its benchmark, the Barclays Capital US MBS Index, since it was introduced in 2011 and has surpassed MBS Index results both at net asset value and at the fund’s maximum sales charge from inception through the second quarter of this year. For the one-year period ending June 30, VCAPX produced a return of 6.79%, compared with a return of 4.66% for the benchmark MBS Index.

According to Bayard Closser, president of Vertical Capital Markets Group, “VCAPX has become one of the fastest-growing, continuously offered, closed-end interval funds because the fund is based on a strategy that resonates with investors and enables them to tap into a large asset class that previously was unavailable to the public.”