IPO - 83 Investment Group Income Fund
Form Type: N-2/A
Filing Date: 2024-11-14
Corporate Action: Ipo
Type: New
Accession Number: 000158064224006933
Filing Summary: 83 Investment Group Income Fund is registering for a public offering of Class I Shares with a minimum purchase requirement of $50,000. The Fund operates as a continuously offered, non-diversified, closed-end management investment company focusing on generating current income through investments in credit-related assets. The Fund aims to provide attractive returns while reducing risk by gaining exposure to privately held investment vehicles managed by private fund managers. The investment strategy includes investing in domestic and foreign investment vehicles targeting low correlation to traditional markets. It is categorized as a Registered Closed-End Fund under the Investment Company Act. Investors must meet accredited investor criteria as defined in Regulation D. The filing includes an amendment to the registration statement and includes important risk disclosures regarding liquidity, distributions, and the speculative nature of the investment. The effective date of this registration statement is anticipated to be soon after it is declared effective by the SEC.
Document Link: View Document
Additional details:
Investment Objective: Generate current income through exposure to credit-related assets.
Investment Strategy: Invest in income-generating, credit-related investments via private funds.
Minimum Investment: $50,000 for Class I Shares.
Adviser Name: M83 Investment Group, LLC
Management Fee: 0.95% of daily net assets.
Expense Limitations: Contractual agreement to cap expenses at 2.95% of daily net assets.
Repurchase Frequency: Expected to offer repurchases semi-annually.
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