The fund, which manages roughly $180 million in assets, is leaning heavily into collateralized loan obligations (CLOs). Its portfolio currently spans 109 individual CLO positions, representing an aggregate underlying loan value of $56.1 billion across 1,350 senior secured loans. This strategy aims to capture value from what management identifies as "HALO" assets—real estate-backed credit characterized by long-lived physical utility and resistance to technological disruption.

To sharpen this focus, the firm recently appointed Tyler Kimball as Managing Director and Head of Real Estate Credit. While the fund reports a 7.98% total net return since its June 2022 inception, management emphasizes that these figures are historical and subject to market volatility. The fund maintains a contractual expense limitation agreement through January 2027 to stabilize net operating costs for its Class A, C, and I shares.