King Street Capital Management (“King Street”), a leading global alternative investment firm, and Lumyna Investments, part of Generali Investments, are pleased to announce the launch of the Lumyna – King Street Credit Opportunities Fund (“the Fund”), an innovative evergreen private credit strategy designed to meet the rising demand for flexible lending.
The Luxembourg-domiciled SICAV UCI Part II fund has an opportunistic investment mandate that provides access beyond traditional private credit strategies by dynamically allocating across corporate and asset-based lending, dislocated public credit opportunities, and select distressed situations. This approach is designed to complement traditional private credit portfolios by offering exposure to a broader range of credit opportunities.
King Street, with 30 years of experience navigating global credit markets, will serve as the investment manager, bringing deep expertise in both public and private credit, with Lumyna bringing its expertise as manufacturer and distributor for the Fund, ensuring a robust structure and wide market access.
“We are proud to introduce a strategy that leverages our decades of experience identifying compelling opportunities across credit markets to address what we believe is a significant gap in the market for evergreen private credit solutions,” said Domenico Lia, Partner at King Street. “As investors increasingly seek private credit for diversification and attractive risk-adjusted returns, our strategy is intended to provide a sophisticated and dynamic solution.”
“The partnership with King Street marks an acceleration in Lumyna’s move into the evergreen private markets space. Driven by investor demand, our expanding private markets offering builds on and complements the legacy Alternative UCITS platform that has led Lumyna to its dominant market position,” added Philippe Lopategui, CEO of Lumyna.
Paul Holmes, Head of Distribution at Lumyna, noted, “Investor demand for evergreen private market solutions continues to grow rapidly. The Lumyna – King Street Credit Opportunities Fund meets this demand with a differentiated approach to many of the credit strategies currently available by providing access to a broader universe of private credit opportunities. Partnering with King Street, a manager renowned for its expertise across credit cycles, underscores our commitment to delivering exceptional and innovative products to our investors.”
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About Lumyna Investments
Lumyna Investments is a leading platform for alternative investments, renowned for its partnerships with world-class asset managers to deliver innovative and differentiated funds since 2007. The firm offers a diverse suite of investment solutions spanning public and private markets, including strategies such as Equity Long/Short, Equity Market Neutral, Credit, Multi-Strategy, Event-Driven, Commodities, Private Equity, Private Credit and Insurance-Linked Securities. As part of Generali Investments, Lumyna combines the strength of a global financial leader with the agility to deliver innovative solutions tailored to investor needs. Headquartered in London, Lumyna serves a wide range of institutional and professional investors, maintaining a steadfast commitment to client success, excellence and innovation.
www.lumyna.com
About King Street Capital Management
King Street is a global alternative investment firm founded in 1995 that manages more than $28 billion in assets across public and private markets. The firm marries rigorous fundamental research with tactical trading and differentiated sourcing capabilities to identify misunderstood and complex investment opportunities across asset classes, up and down the capital structure. For more information, please visit www.kingstreet.com.
About the Lumyna – King Street Credit Opportunities Fund
The objective of the fund is to offer exposure, through its investment in the Master Fund, to a diversified portfolio of investments with a focus on current income and capital appreciation. The Fund is actively managed and is not managed in reference to a benchmark. The fund is subject to the following risks: risk relating to debt and credit-related instruments, risk related to bank debt, risk related to lower credit quality securities or high yield debt securities and risk relating to senior direct lending. The use of financial derivative instruments and borrowings will result in the creation of leverage, calculated as follows: - Gross method, maximum 175% of Net Asset Value - Commitment method, maximum 175% of Net Asset Value. There is no guarantee that an investment objective will be achieved or that a return on capital will be obtained. The product does not benefit from any guarantee to protect the capital.
This is not an exhaustive list of the risks. Other risks and several costs apply. For more information on the risks and costs please read the Prospectus of the Fund, in particular the risks and costs sections, available upon request.
Important Information:
This material is intended for professional and institutional investors only and is not intended to be directed at or made available to retail clients or US Persons. This media release is not an offer of securities in the United States. While the Lumyna professionals quoted herein were not compensated for their statements regarding King Street, the professionals have a financial incentive to recommend King Street and the Fund because Lumyna stands to benefit monetarily from its relationship with the Fund.
Notice to investors in the EU/EEA: This material is marketing communication is related to a sub-fund of Lumyna Alternative Funds SICAV, a Luxembourg domiciled alternative investment fund (“AIF”). This marketing communication is issued by the Alternative Investment Manager (“AIFM”), Generali Investments Luxembourg S.A.: 4 Rue Jean Monnet, L-2180 Luxembourg, Grand Duchy of Luxembourg. Before making any investment decision, please consider all characteristics, objectives, risks and costs detailed in the Key Information Document (“KID”, where applicable) available in one of the official languages of your country and the Prospectus available in English upon request free of charge to the AIFM. A summary of your investor rights is available in English or in an authorised language at www.generali-investments.lu. The Management Company may decide to terminate the agreements made for the marketing of the Fund in your country. Generali Asset Management S.p.A. Società di gestione del risparmio, Italian asset management company, appointed as marketing promoter of the Fund in the EU/EEA countries (Via Niccolò Machiavelli 4, Trieste, 34132, Italia).
Notice to investors in Switzerland: This material is advertising intended only for Swiss professional and Swiss institutional investors as defined in the Financial Services Act. The Fund is not registered with the Swiss Financial Market Supervisory Authority.
Notice to investors in the United Kingdom: This material is a financial promotion and has been approved for the purposes of Section 21 of the Financial Services and Markets Act 2000, by Lumyna Investments Limited (the authorised person). Fund is notified for distribution in the United Kingdom as per Regulation 59 of The Alternative Investment Fund Managers Regulations 2013 and is only intended for professional clients and investors meeting the eligibility criteria as defined in the Conduct of Business Sourcebook.
Notice to Investors in Singapore: The Fund is registered in Singapore as a restricted foreign scheme. This material is intended only for institutional investors as defined in the in the Securities and Futures Act (“SFA”). The Fund is not allowed to be offered to accredited investors or relevant persons as defined in Section 305 of the SFA. This material is part of the Information Memorandum, it is not advertising and has not been reviewed by the Monetary Authority of Singapore (“MAS”).
The information contained in this document is only for general information on products and services provided by Lumyna Investments Limited (“Lumyna”) and Generali Investments Luxembourg S.A (“GIL”), as Management Company of Lumyna Alternative Funds SICAV. It shall under no circumstances constitute an offer, recommendation or solicitation to subscribe units/shares of undertakings for collective investment in transferable securities or an offer of investment services. It is not linked to nor is it intended to be the foundation of any contract or commitment. It shall not be considered as an explicit or implicit recommendation of any investment strategy or as investment advice. Neither Lumyna nor GIL accept responsibility for mistakes or omissions in this document and shall not be liable in respect of any damages or losses related to the improper use of the information provided herein.
Where forward-looking statements are used in this press release, it should be noted that these may involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including general economic conditions, future acquisitions and competitive conditions. Lumyna and GIL undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements.
Investment in the Funds carries substantial risk. There can be no assurance that the investment objectives of the Funds will be achieved and investment results may vary substantially over time. Investment in the Funds is not intended to be a complete investment programme for any investor. Investment in the Funds is intended for experienced investors who are able to understand and accept the risks involved.
A prospective investor should appreciate that the value of any investment, and any income from any investment, may go down as well as up and that an investor’s capital is at risk and the investor may not receive back the amount invested. Past performance is not indicative of future results.
Media Contacts
King Street
Prosek Partners for King Street
pro-kingstreet@prosek.com
Lumyna
info@lumyna.com