Griffin Capital Company Celebrates First Anniversary for Griffin Institutional Access® Credit Fund
El Segundo, Calif. (April 10, 2018 – Griffin Capital Company, LLC (“Griffin Capital”) announced today that Griffin Institutional Access Credit Fund (the “Fund”) observed its first anniversary on April 3 and has exceeded $100 million in assets under management. The Fund, actively managed by Bain Capital Credit, one of the most widely-respected investment managers in the global credit markets, is an incomefocused global credit solution structured as a ’40 Act closed-end interval fund. Additionally, Bain Capital Credit has recently been granted exemptive relief from the SEC to permit Griffin Institutional Access Credit Fund to pursue co-investment opportunities with other investment funds managed by Bain Capital Credit.
Griffin Capital Asset Management Company, LLC President Randy Anderson said, “We are very proud of Griffin Institutional Access Credit Fund’s performance over the past year and of our ability to provide “Main Street” investors the potential to capitalize on opportunities for income generation and capital appreciation that have previously been available only to large institutions.”
Jeffrey Hawkins, a Managing Director and Chief Operating Officer at Bain Capital Credit, said, “Griffin Institutional Access Credit Fund leverages the Bain Capital Credit global credit platform to work for individual investors. We are very pleased with our partnership with Griffin Capital.”
“At Griffin Capital, we are well-known for our experience in managing institutional real estate assets and, through our sub-advisory partnership with Bain Capital Credit, we have been able to expand this experience to the global credit markets,” Dr. Anderson concluded.
The Fund is available in the following share classes: Class A (CRDTX); Class C (CGCCX); Class I (CRDIX), and Class L (CRDLX). The Fund’s registration statement was declared effective on March 30, 2017.
About Griffin Capital Company, LLC
Griffin Capital Company, LLC (“Griffin Capital”) is a leading alternative investment asset manager with approximately $10.3 billion* in assets under management as of December 31, 2017. Founded in 1995, the privately held firm is led by a seasoned team of senior executives with more than two decades of investment and real estate experience and who collectively have executed more than 650 transactions valued at over $22 billion.
The firm manages, sponsors or co-sponsors a suite of carefully curated, institutional quality investment solutions distributed by Griffin Capital Securities, LLC to retail investors through a community of partners, including independent and insurance broker-dealers, wirehouses, registered investment advisory firms and the financial advisors who work with these enterprises.
Additional information is available at www.griffincapital.com.
*Includes the property information related to interests held in certain joint ventures. As of December 31, 2017.
About Bain Capital Credit
Bain Capital Credit (www.baincapitalcredit.com), founded as Sankaty Advisors in 1998, invests up and down the capital structure and across the spectrum of credit strategies, including leveraged loans, highyield bonds, distressed debt, private lending, structured products, non-performing loans and equities. Our team of more than 200 professionals creates value through rigorous, independent analysis of thousands of corporate issuers around the world.
Griffin Institutional Access Credit Fund Risk Considerations
Investing in Griffin Institutional Access® Credit Fund (the “Fund”) involves risks, including the risk that you may receive little or no return on your investment or that you may lose part or all of your investment. The ability of the Fund to achieve its investment objective depends, in part, on the ability of the Advisor to allocate effectively the assets of the Fund among the various securities and investments in which the Fund invests. There can be no assurance that the actual allocations will be effective in achieving the Fund’s investment objective or delivering positive returns. Investors will pay offering expenses and, with regard to those share classes that impose a front-end sales load, a sales load of up to 5.75%. An investor will need to receive a total return at least in excess of these expenses to receive an actual return on the investment. Diversification does not eliminate the risk of experiencing investment losses. Foreign investing involves special risks such as currency fluctuations and political uncertainty.
The Fund’s investments may be negatively affected by the broad investment environment and capital markets in which the Fund invests, including the real estate market, the debt market and/or the equity securities market. The value of the Fund’s investments will increase or decrease based on changes in theprices of the investments it holds. This will cause the value of the Fund’s shares to increase or decrease. The Fund is “non-diversified” under the Investment Company Act of 1940 since changes in the financial condition or market value of a single issuer may cause a greater fluctuation in the Fund’s net asset value than in a “diversified” fund. However, at times the Fund may temporarily operate as “diversified.” The Fund is not intended to be a complete investment program.
When the Fund invests in debt securities, the value of your investment in the Fund will fluctuate with changes in interest rates. There is a risk that debt issuers will not make payments, resulting in losses to the Fund. The Advisor’s judgments about the attractiveness, value and potential appreciation of a particular sector and securities in which the Fund invests may prove to be incorrect and may not produce the desired results. The Fund will ordinarily declare and pay distributions from its net investment income and distribute net realized capital gains, if any, once a quarter; however, the amount of distributions that the Fund may pay, if any, is uncertain. The Fund may pay distributions in significant part from sources that may not be available in the future and that are unrelated to the Fund’s performance, such as a return of capital and borrowings.
Investors in the Fund should understand that the net asset value (“NAV”) of the Fund will fluctuate, which may result in a loss of the principal amount invested. The Fund is a closed-end interval fund, the shares have no history of public trading, nor is it intended that the shares will be listed on a public exchange at this time. No secondary market is expected to develop for the Fund’s shares, liquidity for the Fund’s shares will be provided only through quarterly repurchase offers for no less than 5% and no more than 25% of the Fund’s shares at NAV, and there is no guarantee that an investor will be able to sell all the shares that the investor desires to sell in the repurchase offer. Due to these restrictions, an investor should consider an investment in the Fund to be of limited liquidity. The Fund is suitable only for investors who can bear the risks associated with the limited liquidity of the Fund and should be viewed as a long-term investment. Investing in the Fund is speculative and involves a high degree of risk, including the risks associated with leverage.
The Fund’s investment in private investment funds will require it to bear a pro rata share of the vehicles’ expenses, including management and performance fees. Also, once an investment is made in a private investment fund, neither the Advisor nor Sub-Advisor will be able to exercise control over investment decisions made by the private investment fund.
By investing in the Fund, a shareholder will not be deemed to be an investor in any underlying fund and will not have the ability to exercise any rights attributable to an investor in any such underlying fund related to their investment.
Investors should carefully consider the investment objectives, risks, charges and expenses of Griffin Institutional Access Credit Fund. This and other important information about the Fund is contained in the prospectus, which can be obtained by contacting your financial advisor or visiting www.griffincapital.com. The prospectus should be read carefully before investing.
The SEC does not endorse, indemnify or guarantee any product mentioned in the press release.
Griffin Institutional Access Credit Fund is sub-advised by BCSF Advisors, LP, an SEC-registered investment adviser and affiliate of Bain Capital Credit, LP.
Griffin Capital Securities, LLC, Member FINRA/SIPC, is the exclusive wholesale marketing agent for Griffin Institutional Access Credit Fund.
ALPS Distributors, Inc. is the distributor of the Griffin Institutional Access Credit Fund. Griffin Capital, LLC and ALPS Distributors, Inc. are not affiliated. ALPS Distributor, Inc., 1290 Broadway, Suite 1100, Denver, CO 80203, Member FINRA.