Lincoln Financial and Bain Capital launch private market fund
Lincoln Financial and Bain Capital have launched a new private market fund, which aims to provide individual investors with access to private credit.
The Lincoln Bain Capital Total Credit Fund is an evergreen fund which will offer a globally varied portfolio of private credit investments, including loans to mid-sized private companies, asset-based finance, structured credit, and opportunistic situations.
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It aims to provide individual investors with access to growth opportunities in private markets that have historically only been available to high-net-worth or institutional investors.
“For 120 years, our mission has been providing financial protection and security for our customers and their families, and we see a tremendous opportunity to extend that commitment by helping democratise access to private market investments,” said Ellen Cooper, chief executive of Lincoln Financial.
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“By partnering with Bain Capital to advance innovative solutions, we’re combining their more than 25 years of credit investment expertise with our world-class distribution platform and funds management experience to provide clients with expanded availability to a broader set of offerings.”
“Partnering with Lincoln is a significant milestone for our global credit platform, enabling us to leverage the dynamic and diversified approach of our multi-asset credit strategies with Lincoln’s extensive network of individual investors and intermediaries,” added John Wright, partner and global head of credit at Bain Capital.
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