AllianceBernstein L.P. has launched the AB CarVal Global Credit Opportunities Fund, a Luxembourg-based semi-liquid private credit evergreen fund designed to give investors diversified exposure to global asset-based finance opportunities.
The fund targets a mix of return streams across the US and Europe, including asset-based finance, aviation leasing and energy transition strategies.
The fund builds on the investment manager’s private credit expansion following the September 2024 debut of the AB Credit Opportunities Fund, the asset manager’s first private credit registered interval fund.
“The funds both seek to outperform high-yield bonds over time with less volatility and lower correlation to public markets,” shared the investment manager.
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AllianceBernstein acquired CarVal Investors in July 2022.
John Withrow and Roger Newkirk oversee day-to-day investment decisions for the fund, supported by alternative investment manager AB CarVal’s managing principals James Ganley, Jody Gunderson and Lucas Detor.
“Until AB’s inaugural interval fund launched, this diversified private asset-based strategy has not been accessible to retail clients. These funds expand access to this strategy to a broader investor base,” said AllianceBernstein’s head of global client group and head of private wealth, Onur Erzan. “The launch of this new fund represents a meaningful expansion of our Private Markets platform and underscores our commitment to delivering extensive evergreen solutions tailored to the evolving needs of our Emea, Apac and Latin America clients.”
“Private credit plays a critical role in financing the real economy and is a growing opportunity set for portfolio diversification,” said John Withrow, principal with AB CarVal. “We are focused on high income, low volatility and non-correlated underlying asset classes and constructing a truly global portfolio.”
