CIM Group has launched CIM Real Assets & Credit Fund (CIM RACR), a new closed-end interval fund. CIM RACR seeks to invest in a mix of institutional-quality real assets and credit instruments. The fund’s investment objective is to generate current income through cash distributions and preserve shareholders’ capital across various market cycles, with a secondary objective of capital appreciation. CIM Capital IC Management serves as the investment adviser to CIM RACR.
“We are targeting the construction of a balanced portfolio of real assets and corporate credit assets, allowing investors the opportunity to leverage the potential benefits of both asset classes with a goal of providing income and capital preservation, without the double fees associated with typical real estate–focused interval funds,” said David Thompson, CEO of the fund.
CIM RACR will primarily invest in real assets and credit and credit-related assets. Real assets may consist of direct real
