Bluerock has launched Bluerock High Income Institutional Credit Fund, an income-focused fund with a portfolio composed of actively managed pools of diversified collateralized loan obligations (CLOs).
The Bluerock High Income Credit Fund is designed to provide investors high current income targeting approximately 8 percent annually, attractive risk-adjusted total returns, diversification potential through its low correlation to broader markets, and access to an investment class traditionally available only to institutions.
Bluerock has partnered with WhiteStar Asset Management, who serves as subadviser to the Fund. WhiteStar is the CLO, structured products, and broadly syndicated credit arm of Clearlake Capital Group, with more than $72 billion in combined assets under management. The WhiteStar management team has nearly two decades of successful experience in structuring, investing and managing senior secured loan portfolios and has overseen the issuance of more than