StepStone Private Wealth has announced the launch of the StepStone Private Credit Income Fund (CRDEX), an evergreen interval fund that can be purchased daily via ticker CRDEX.
CRDEX offers individual investors and institutions exposure to a highly diversified, open-architecture portfolio of private credit assets in a single investment, seeking to generate current income and long-term capital appreciation, mainly by investing in various credit-related strategies. CRDEX will use a “multi-lender” approach to help achieve its objectives and employ both direct lending and specialty credit strategies to construct its portfolio, which will include investments such as direct loans and secondaries.
The launch of CRDEX complements the current SPW investment strategies that can be purchased by a ticker, including StepStone Private Markets Fund or SPRIM (ticker: XPMIX) and StepStone Private Infrastructure Fund or STRUCTURE (ticker: STRUX), along with the StepStone Private Vent