AllianceBernstein has launched a private credit evergreen fund, AB CarVal Global Credit Opportunities Fund. This semi-liquid, Luxembourg-based fund is open to individual investors and will focus on global asset-based opportunities.
“Until AB’s inaugural interval fund launched, this diversified private asset-based strategy has not been accessible to retail clients. These funds expand access to this strategy to a broader investor base,” said AllianceBernstein’s head of global client group and head of private wealth Onur Erzan, in a statement. “The launch of this new fund represents a meaningful expansion of our private markets platform and underscores our commitment to delivering extensive evergreen solutions tailored to the evolving needs of our EMEA, APAC and Latin America clients.”
The fund will focus on high-income, low volatility and lower correlation to public markets. After acquiring CarVal investors in 2022, AllianceBernstein has nearly $20 billion in
