BondBloxx has launched its electronic funds transfer (ETF), which offers investors direct exposure to private credit.
The BondBloxx Private Credit CLO ETF (PCMM) provides direct exposure to private credit middle market companies. There are approximately 300,000 middle market companies in the United States, generating $13 trillion in annual revenue. These businesses are a central driver of U.S. economic growth, representing one-third of U.S. private sector GDP.
“With the launch of PCMM, investors can now access private credit with an ETF,” said Leland Clemons, founder and CEO of BondBloxx. “The ETF industry has been a force of continuous innovation for investors, and I am proud that BondBloxx is a leader in that innovation in fixed income. We’re thrilled to bring private credit to ETFs, and we look forward to redefining what is possible in fixed income ETFs.”
PCMM invests at least 80 percent of its assets in private credit collateralized loan obligation
