
CIM Group Launches CIM Real Assets & Credit Fund
Los Angeles-based CIM Group launched CIM Real Assets & Credit Fund (RACR), a new closed-end interval fund. CIM RACR seeks to invest in a mix of institutional-quality real assets and credit instruments.
CIM’s David Thompson, CEO of the Fund, says, “We are targeting the construction of 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 investment objective is to generate current income through cash distributions and preserve shareholders’ capital across various market cycles, with a secondary objective of capital appreciation. CIM Capital IC Management, LLC serves as the investment adviser to CIM RACR. An affiliate of CIM will invest an aggregate of $20 million in the fund over time, as the fund receives subscriptions from investors.
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