Fund CEO David Thompson said in a statement that the fund "will benefit from CIM's combined real assets, credit and transaction experience, along with our deal-sourcing capabilities, leveraging the extensive expertise across our organization."

He added that CIM aims to to create a "balanced portfolio of real assets and corporate credit assets, allowing investors the opportunity to leverage the potential benefits of both asset classes with a goal of providing income and capital preservation, without the double fees associated with typical real estate-focused interval funds." 

The fund's board of directors has declared an annual distribution rate of 6% of net asset value per share, or about 12 cents per share of common stock today for each of May and June. Investors might also be able to invest alongside institutional partners, "potentially aligning interests among the sponsor, partner and shareholders," according to CIM. 

CIM Capital IC Management is serving as the fund's investment adviser and OFS Capital Management is the fund's investment sub-adviser for corporate credit assets. Headquartered in Chicago, OFS manages $2.1 billion in assets under and focuses on middle market lending, broadly syndicated loans and structured credit.