METRO CHICAGO, Ill., May 17, 2023
/PRNewswire/ -- Calamos Investments LLC* announced it has
partnered with premier institutional advisor and private credit
leader Aksia to launch Calamos Aksia Alternative Credit and Income
Fund (CAPIX)(the "Fund"), an innovative closed-end interval fund
providing all investors with access to the broad spectrum of
private credit investments, a core allocation of global
institutional investors. The Fund will be accepting allocations
from clients beginning on June 1,
2023.
CAPIX is advised by Calamos Advisors LLC with Aksia LLC as
subadvisor, combining the complementary expertise of Calamos, a
leader in liquid alternatives, and Aksia, a leader in institutional
alternatives and private credit.
Registered private credit offerings have recently gained
traction in the market, but many private credit registered funds
focus narrowly on US direct lending. CAPIX will leverage Aksia's
expertise and network of private credit sourcing partners to
deliver access to the global private credit asset class including
direct lending, distressed and special situations, mezzanine
financing, real estate credit, real assets credit and specialty
finance. CAPIX will also leverage Calamos' expertise in managing
liquid alternatives and fixed income, as well as providing
oversight for CAPIX's liquidity.
"Calamos has been a leader in providing individual investors
access to alternative investments for more than four decades, so
the concept of enabling access for retail investors to private
credit is in our DNA," said John
Koudounis, President and CEO of Calamos. "Private credit,
however, is a highly specialized asset class that demands
investment excellence and expertise. That's why I'm so pleased to
be teaming up with Aksia, who has been building institutional
private credit portfolios for years."
"Institutional investors have long recognized that private
credit can deliver significant income and portfolio
diversification, with many allocating 5%-10% of their portfolios to
the asset class," said Aksia CEO Jim
Vos. "With Calamos, we found a great partner with tremendous
experience and capability to both reach this broader investor base
and manage the liquid allocation effectively. This is a
particularly exciting time to launch with market dynamics
presenting an opportune time to deploy fresh capital into newly
originated private credit investments."
John P. Calamos, Sr., Founder,
Chairman and Global Chief Investment Officer of Calamos
Investments, stated, "John Koudounis
and our executive team continue to successfully execute our
strategic growth plan with the cornerstone commitment to
continually offer valuable, innovative solutions to our clients.
This partnership provides the launchpad to fill client demand for
an accessible private credit offering through a product that
leverages the complementary talent and capabilities of Calamos and
Aksia."
Calamos Aksia Alternative Credit and Income Fund (CAPIX) will be
available for daily purchase by both accredited and non-accredited
investors across a range of investment platforms.
About Calamos
Calamos Investments is a diversified global investment firm
offering innovative investment strategies including alternatives,
multi-asset, convertible, fixed income, equity, and sustainable
equity. The firm offers strategies through separately managed
portfolios, mutual funds, closed-end funds, private funds, an ETF,
and UCITS funds. Clients include major corporations, pension funds,
endowments, foundations and individuals, as well as the financial
advisors and consultants who serve them. Headquartered in the
Chicago metropolitan area, the
firm also has offices in New York
City, San Francisco,
Milwaukee, Portland (Oregon), and the Miami area. For more information, please visit
us on LinkedIn, on Twitter @Calamos, Instagram
@calamos_investments, or at www.calamos.com.
*Calamos Investments LLC, referred to herein as Calamos
Investments®, is a financial services company offering such
services through its subsidiaries: Calamos Advisors LLC, Calamos
Wealth Management LLC, Calamos Investments LLP and Calamos
Financial Services LLC.
About Aksia
Aksia provides specialist alternative investment solutions to
institutional investors globally. The firm advises on over
$280 billion of client assets across
the alternatives spectrum, through separately managed accounts and
advisory services. Aksia represents pension plans, insurance
companies, sovereign wealth funds, endowments, and foundations. The
firm has over 400 professionals and is 100% employee owned, with
offices in North America,
Europe, and Asia. For more information, please visit
www.aksia.com.
Shares Not Listed; No Market for Shares. The Fund
has been organized as a closed-end management investment company.
Closed-end funds differ from open-end management investment
companies (commonly known as mutual funds) because investors in a
closed-end fund do not have the right to redeem their shares on a
daily basis. Unlike most closed-end funds, which typically list
their shares on a securities exchange, the Fund does not currently
intend to list the shares for trading on any securities exchange,
and the Fund does not expect any secondary market to develop for
the shares in the foreseeable future. Therefore, an investment in
the Fund, unlike an investment in a typical closed-end fund, is not
a liquid investment.
This information does not represent an offer to sell securities
of the Fund and it is not soliciting an offer to buy securities of
the Fund. An investment in the Fund is subject to risks, and you
could lose money on your investment in the Fund. There can be no
assurance that the Fund will achieve its investment objective. Your
investment in the Fund is not a deposit in a bank and is not
insured or guaranteed by the Federal Deposit Insurance Corporation
(FDIC) or any other government agency. The risks associated with an
investment in the Fund can increase during times of significant
market volatility. Detailed information regarding these risks can
be found in the Fund's prospectus. Investment in the Fund includes
operating expenses and fees. The net asset value of the Fund will
fluctuate with the value of the underlying securities.
Before investing carefully consider the Fund's investment
objectives, risks, charges and expenses. Please see the prospectus
and summary prospectus containing this and other information which
can be obtained by calling 1-800-582-6959. Read it carefully before
investing.
© 2023 Calamos Investments LLC. All Rights Reserved. Calamos®
and Calamos Investments® are registered trademarks of Calamos
Investments LLC.
© 2023 Aksia LLC. All Rights Reserved. Aksia® is a registered
trademark of Aksia LLC.
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SOURCE Calamos Investments
