Diameter Files to Launch Retail Fund for Private Credit, CLOs

Diameter Capital Partners filed to launch a retail credit fund with a focus on private assets, the latest firm to partake in the effort to woo affluent individuals.

The investment firm’s closed-end vehicle, dubbed Diameter Dynamic Credit Fund, will invest as much as 40% in private credit, including direct lending, according to a Wednesday registration filing with the Securities and Exchange Commission. It will also invest in bank loans, high-yield bonds and collateralized loan obligations, among other products.

Structured as an interval fund, the vehicle will allow investors to cash out periodically. The Diameter fund will make quarterly offers to ...