NIE: A Multi-Asset Strategy for Growth and Income Seekers

The Virtus Equity & Convertible Income Fund (NIE) is a multi-asset closed-end fund designed to provide growth and income to investors. It deploys capital across equities, convertible securities, and derivatives. The fund aims to pay out an attractive dividend and offers investors a diversified portfolio for capital appreciation and current income.

Blue Owl Capital Inc. (NYSE: OWL), a leading alternative asset manager, has announced the launch of Blue Owl Alternative Credit Fund ("OWLCX"), an interval fund focused on alternative credit strategies. The fund aims to generate current income and long-term capital appreciation by accessing the $11.2 trillion asset-based finance market Blue Owl Capital Launches Debut Interval Fund, Focused on Alternative Credit^[1].

OWLCX is designed to provide individual investors access to a wide range of alternative credit assets traditionally available only to institutional investors. The fund secured $850 million of capital from a diverse client base across its global private wealth channel, making it one of the largest interval fund launches to date Blue Owl Capital Launches Debut Interval Fund, Focused on Alternative Credit^[1].

The fund's investment objective is achieved through a flexible mandate that allocates across credit assets backed by contractual cash flows from financial and hard assets. The strategy mitigates risk via diversified pools of amortizing assets and reduces correlation to traditional credit investments by targeting differentiated private credit asset types. OWLCX is structured as a registered interval fund, offering daily purchases and intends to provide monthly distributions and quarterly liquidity via repurchase offers Blue Owl Capital Launches Debut Interval Fund, Focused on Alternative Credit^[1].

Managed by Blue Owl Alternative Credit Advisors II LLC, the fund's experienced investment team consists of over 65 professionals with deep expertise, long-standing relationships, and differentiated sourcing capabilities. The team also includes a dedicated data science effort that adds analytical capabilities via decades of counterparty data and tens of millions of data points Blue Owl Capital Launches Debut Interval Fund, Focused on Alternative Credit^[1].

Sean Connor, President & CEO of Global Private Wealth at Blue Owl, stated, "With this launch, we're opening the door for individual investors to access a market traditionally dominated by institutions—one that offers strong income potential backed by diversified pools of asset collateral. OWLCX reflects Blue Owl's commitment to continue democratizing alternative assets in a way that we believe aligns with the evolving demands of today's private wealth investors, offering institutional-grade solutions with the accessibility and transparency they expect" Blue Owl Capital Launches Debut Interval Fund, Focused on Alternative Credit^[1].

Ivan Zinn, Head of Alternative Credit at Blue Owl, added, "We think asset-based finance represents the next opportunity for investors in private credit. OWLCX is built to support individual investors seeking differentiated exposure and resilient performance across market cycles" Blue Owl Capital Launches Debut Interval Fund, Focused on Alternative Credit^[1].

OWLCX is part of Blue Owl's broader strategy to provide businesses with private capital solutions and offer institutional investors, individual investors, and insurance companies differentiated alternative investment opportunities Blue Owl Capital Launches Debut Interval Fund, Focused on Alternative Credit^[1].