Crystal Fund is preparing to launch the following two funds in its BK Funds CLO series, each designed with a distinct investment approach.
The first, BK Opportunities Fund 9, is expected to launch as a closed-ended vehicle investing across both U.S. and European CLOs in April. With a flexible mandate spanning triple-Bs through to equity, the fund will target an average double-B rating. In response to ongoing market volatility, the portfolio will emphasize short-duration instruments, providing room to adjust positioning if spreads shift significantly. Both cumulative and distribution share classes will be available.
Following Fund 9, Crystal Fund is planning the launch of BK Investment Grade 10, an open-ended vehicle expected to focus on investment-grade CLO tranches with an average single-A rating.
These launches follow the strong performance of BK Opportunities Fund 8, Crystal’s vehicle to combine exposure to U.S. and European CLOs within a single structure. That fund returned 13.2% since inception, while maintaining an investment-grade profile.
BK Opportunities Fund 7, launched in 2021, remains in its reinvestment period and has delivered an annual return of 15% since inception.
Crystal Fund continues to expand the BK series with differentiated approaches to CLO investing, tailored to a range of risk profiles and market environments.
