IPO - AIP Alternative Lending Fund A

Back to List of IPO Filings

Form Type: N-2

Filing Date: 2025-01-29

Corporate Action: Ipo

Type: New

Accession Number: 000113322825000652

Filing Summary: AIP Alternative Lending Fund A has filed a registration statement under the Securities Act of 1933 and the Investment Company Act of 1940, indicating its intention to provide an investment opportunity through a diversified, closed-end management investment company. The Fund aims to achieve total return with a focus on current income by investing primarily in alternative lending securities. The investment program is designed to access credit risk premium, which is the difference in returns between low-risk obligations and those offered by private or non-traditional lending entities. The Fund plans to invest at least 80% of its net assets in alternative lending securities, sourced from various platforms, and there are no assurances of consistent returns. The Fund is managed by Morgan Stanley AIP GP LP and is subject to various operational and investment risks, including the potential lack of liquidity as its shares will not be listed on an exchange and secondary markets for its shares are not anticipated to develop. Furthermore, the protection of capital and maintenance of certain distribution levels cannot be guaranteed. Overall, the filing indicates a significant step towards launching a public offering for the Fund.

Document Link: View Document

Additional details:

Investment Objective: The Fund seeks to provide total return with an emphasis on current income.

Investment Adviser: Morgan Stanley AIP GP LP

Management Fee: 0.0625% monthly (0.75% on an annualized basis) of the Fund’s Managed Assets.

Leveraging Strategy: The Fund is permitted to obtain leverage using various financial instruments, including credit facilities and preferred share issuances.

Risk Factors: Investment risks include potential non-repayment of loans, lack of liquidity, and the speculative nature of the loans.

Offering Structure: Shares will be offered at the Fund’s current net asset value in a continuous offering.

Expected Use Of Proceeds: Will fund the Fund's investment in alternative lending securities.

Fund Structure: Registered Closed-End Fund under the Investment Company Act of 1940.

Non-fundamental Policy Change: The investment objective and strategy may change without shareholder approval with prior notification.

Comments

No comments yet. Be the first to comment!