MA Asset Management announces the launch of interval fund MA Specialty Credit Income Fund (SCISX)

PR Newswire12-18

IRVINGTON, N.Y., Dec. 17, 2024 /PRNewswire/ -- MA Financial Group Limited ("MA") (ASX: MAF) an ASX-listed global alternative asset manager with over US $6.8 billion AUM, today announced the launch of ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2492308993?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/zaSIMw8YXS6rio_A4I.Jmw--~B/aD0xMjg7dz00MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/prnewswire.com/e2ae583fde9ad82b226d62c883928f4d","is_english":true,"pubTime":"2024-12-18 01:13","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2492308993","market":"us","top_or_hot":-1,"title":"MA Asset Management announces the launch of interval fund MA Specialty Credit Income Fund (SCISX)","media":"PR Newswire","content":"<div>\n<p>IRVINGTON, N.Y., Dec. 17, 2024 /PRNewswire/ -- MA Financial Group Limited (\"MA\") (ASX: MAF) an ASX-listed global alternative asset manager with over US $6.8 billion AUM, today announced the launch of ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ma-asset-management-announces-launch-171300111.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance_au","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>MA Asset Management announces the launch of interval fund MA Specialty Credit Income Fund (SCISX)</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMA Asset Management announces the launch of interval fund MA Specialty Credit Income Fund (SCISX)\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-18 01:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ma-asset-management-announces-launch-171300111.html><strong>PR Newswire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>IRVINGTON, N.Y., Dec. 17, 2024 /PRNewswire/ -- MA Financial Group Limited (\"MA\") (ASX: MAF) an ASX-listed global alternative asset manager with over US $6.8 billion AUM, today announced the launch of ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ma-asset-management-announces-launch-171300111.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0238689110.USD","symbol_name":"贝莱德环球动力股票基金","start_time":0,"source_url":"https://finance.yahoo.com/news/ma-asset-management-announces-launch-171300111.html","article_id":"2492308993","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/zaSIMw8YXS6rio_A4I.Jmw--~B/aD0xMjg7dz00MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/prnewswire.com/e2ae583fde9ad82b226d62c883928f4d"],"rights":{"source":"yahoofinance_au","url":"https://finance.yahoo.com/news/ma-asset-management-announces-launch-171300111.html","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2492308993","pubTimestamp":1734455580,"columns":[],"sourceInfo":{"source_id":"yahoofinance_au","name":"Yahoo Finance AU"},"weMediaInfo":null,"summary":"IRVINGTON, N.Y., Dec. 17, 2024 /PRNewswire/ -- MA Financial Group Limited   an ASX-listed global alternative asset manager with over US $6.8 billion AUM, today announced the launch of theMA Specialty Credit Income Fund  a continuously offered, closed-end interval fund registered under the Investment Company Act of 1940.The Fund invests in a differentiated portfolio of US private credit assets, spanning asset-based lending, specialty finance, and co-lending opportunities, originated directly by MA's seasoned team of investment professionals. The Fund aims to deliver attractive risk-adjusted returns through various market cycles while providing daily pricing, monthly income distributions and quarterly repurchases. \"We are excited to deliver a seasoned strategy with direct sourcing and origination capabilities and a proven investment process to a wider range of investors with this new Fund,\" said MA'sAshees Jain.AboutMA Financial GroupMA Financial Group Limited   is an ASX-listed global a","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0238689110.USD":"贝莱德环球动力股票基金","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","BK4534":"瑞士信贷持仓","IE00BHPRN162.USD":"BNY MELLON BLOCKCHAIN INNOVATION \"B\" (USD) ACC","BK4227":"交易和支付处理服务","LU1983260115.SGD":"Janus Henderson Horizon Global Sustainable Equity A2 SGD-H","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","LU1623119135.USD":"Natixis Mirova Global Sustainable Equity R-NPF/A USD","LU0056508442.USD":"贝莱德世界科技基金A2","BK7062":"资产管理与托管银行","LU1153585028.USD":"BGF GLOBAL LONG-HORIZON EQUITY  \"A4\" (USD) INC","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","LU0823421416.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) INC","SGXZ81514606.USD":"大华环球创新基金A Acc USD","LU0868494708.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC","BK4535":"淡马锡持仓","LU0061474960.USD":"天利环球焦点基金AU Acc","LU1261432733.SGD":"Fidelity World A-ACC-SGD","BK4527":"明星科技股","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU1989764748.USD":"东方汇理环球颠覆性机遇A2 Acc","LU0109392836.USD":"富兰克林科技股A","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","IE0005OL40V9.USD":"JANUS HENDERSON BALANCED \"A6M\" (USD) INC","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU2361044949.HKD":"WELLINGTON US QUALITY GROWTH \"A\" (HKD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU1145028129.USD":"ALLIANZ INCOME AND GROWTH \"AQ\" (USD) INC","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","ASX":"日月光半导体","ASX.AU":"ASX LTD","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","IE00BQXX3C00.GBP":"GUINNESS GLOBAL INNOVATORS \"C\" (GBP) ACC","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0823434583.USD":"BNP PARIBAS US GROWTH \"C\" (USD) ACC","LU0985320562.USD":"NORDEA 1 GLOBAL STARS EQUITY \"BP\" (USD) ACC","MAF.AU":"MA Financial Group Ltd","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","LU0823434740.USD":"BNP PARIBAS US GROWTH \"C\" (USD) INC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","IE00B5TLWC47.USD":"BNY MELLON LONG-TERM GLOBAL EQUITY \"B\" (USD) ACC","MA":"万事达","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","BK7039":"金融交易所和数据"},"translate_title":"MA资产管理公司宣布推出区间基金MA专业信用收益基金(SCISX)","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ASX.AU":1,"ASX":1,"MA":1,"MAF.AU":0.9},"content_text":"IRVINGTON, N.Y., Dec. 17, 2024 /PRNewswire/ -- MA Financial Group Limited (\"MA\") (ASX: MAF) an ASX-listed global alternative asset manager with over US $6.8 billion AUM, today announced the launch of the MA Specialty Credit Income Fund (SCISX) (\"the Fund\") a continuously offered, closed-end interval fund registered under the Investment Company Act of 1940.\n\n  \n\nThe Fund invests in a differentiated portfolio of US private credit assets, spanning asset-based lending, specialty finance, and co-lending opportunities, originated directly by MA's seasoned team of investment professionals. The Fund aims to deliver attractive risk-adjusted returns through various market cycles while providing daily pricing, monthly income distributions and quarterly repurchases. \"We are excited to deliver a seasoned strategy with direct sourcing and origination capabilities and a proven investment process to a wider range of investors with this new Fund,\" said MA's Ashees Jain.\nThe Fund is managed by MA Asset Management, the US business of MA Financial Group, established in May 2023 through the acquisition of Blue Elephant Capital Management expanding MA's global private credit platform into North America. Blue Elephant was founded in 2012 and led by J.P. Marra, Ashees Jain and Kent MacWilliams. The acquisition provided MA's global private credit business with significant domain expertise in asset-based finance in the US. Mr. Marra is Head of US Asset Management; Mr. Jain is US Chief Investment Officer and Mr. MacWilliams is Head of US Credit Investments.\nAsset-based lending is a growing segment within private credit, secured by diversified pools of loans, assets, or receivables, typically with an originator or finance company. \"We believe access to a portfolio of private asset-based lending and specialty credit opportunities offers investors a genuine fixed income alternative, benefitting from the inherent diversification, portfolio granularity, and attractive collateral features that this asset class can deliver while providing diversification through a broader set of collateralized investment opportunities,\" said Mr. Marra.\nToday's interval fund launch marks the first investment vehicle offered by MA in North America. \"This marks an important milestone for our global credit platform, which represents more than US $4.3 billion in assets,\" said MA's Head of Global Credit Solutions Frank Danieli. \"Today's announcement illustrates the firm's commitment to providing exceptional investment solutions for our global client base.\"\nThe MA Specialty Credit Income Fund is distributed by Distribution Services, LLC through ACA Global.\nAbout MA Financial GroupMA Financial Group Limited (\"MA\") (ASX: MAF) is an ASX-listed global alternative asset manager specializing in private credit, real estate, and hospitality. MA provides corporate advice to clients across mergers and acquisitions, strategic advisory, equity and debt capital markets, and capital structure advisory. We have a team of over seven hundred professionals across locations in Australia, China, Hong Kong, New Zealand, Singapore, and the United States. Additional information about MA Financial can be found at www.mafinancial.com.\nAbout MA Asset Management MA Asset Management, LLC, an SEC registered investment advisor, is a wholly owned subsidiary of MA Financial Group a publicly listed company on the Australian Securities Exchange (ASX). MA Asset Management is a private credit investment manager with significant expertise in asset-based lending and specialty finance. Additional information about MA Asset Management can be found at www.mafinancial.com/us.\nIMPORTANT RISK DISCLOSURES OF MA SPECIALTY CREDIT INCOME FUND (\"THE FUND\"):Investors should carefully consider the Fund's investment objectives, risks, charges, and expenses before investing.  A Prospectus with this and other important information about the Fund may be obtained by calling 844-994-4822. Investors should read it carefully before investing. An investment in the Fund is subject to a high degree of risk, including the possible loss of the principal amount invested. \nThe Fund is a \"non-diversified\" Fund under the Investment Company Act of 1940. Changes in the market value of a single holding may cause a greater fluctuation in the Fund's net asset value than in a \"diversified\" fund. The Fund is not intended as a complete investment program but instead as a way to help investors diversify into credit related investments. Diversification does not ensure a profit or guarantee against a loss. The Fund is a newly organized, non-diversified, closed-end investment management company and it has a limited operating history. The Fund may not achieve its investment objective and the value of an investment in the Fund could decline substantially.These risks include but are not limited to those outlined below. The Fund should be considered an Illiquid investment and is only appropriate for shareholders who can tolerate a high degree of risk. The Fund is not suitable for investors that require liquidity, other than through the Fund's repurchase policy. Past performance is not indicative of future results. Credit entails special risks, including interest rate, inflation, prepayment, bankruptcy, default and various other economic risks. Please see the prospectus for all risks related to the Fund. The Fund does not intend to list its shares on any securities exchange during the offering period, and a secondary market in the shares is not expected to develop. There is no guarantee that shareholders will be able to sell all of their tendered shares during a quarterly repurchase offer. The Fund is not suitable for investors that require liquidity, other than through the Fund's repurchase policy. You should not expect to be able to sell your shares other than through the Fund's repurchase policy, regardless of how the Fund performs.The information herein is not intended to provide, and should not be relied upon for, accounting, legal or tax advice, or investment recommendations. You should consult your accounting, legal, tax or other advisors about the matters discussed herein.\nMA Asset Management, LLC is the Advisor to the MA Specialty Credit Income Fund. MA Specialty Credit Income Fund is distributed by Distribution Services, LLC through ACA Global, Three Canal Plaza, Suite 100, Portland ME, 04101. Distribution Services, LLC and MA Asset Management are unaffiliated.\n View original content to download multimedia:https://www.prnewswire.com/news-releases/ma-asset-management-announces-the-launch-of-interval-fund-ma-specialty-credit-income-fund-scisx-302334035.html\nSOURCE MA Asset Management","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492308993"}