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PC · PRIVATE CREDIT

Variant Alternative Income Fund

Variant Investments · Interval Fund

Program Overview

Interval Fund
Variant Alternative Income Fund
Peer Group Filters
Objectives
IncomeCapital Appreciation
Asset Class
Private Credit
Vehicle
Interval Fund
Single / Multi Asset
Multi-Asset
Sponsor/Manager
Asset Class
Private Credit
Issuer
Variant Alternative Income Fund
Issuer Legal Structure
Delaware Statutory Trust
Program Life Structure
Evergreen
Target Leverage
Target 0–15% debt-to-total-assets Borrowing, including through SPVs, is limited to 33.33% of total assets and normally runs 0% to 15%. At 4/30/2026, $183.8M was drawn under two SPV facilities at 7.65%, asset coverage $14,339 per $1,000. A third facility of up to $300M closed May 20, 2026.
Strategy Risk/Return Profile
-
Managing Broker-Dealer
Scale
94,549,142 Institutional Class shares outstanding
Minimum Investment
$1,000,000
Institutional Class Shares · waivable
Strategy Overview

The prospectus states the Fund seeks a high level of current income, with capital appreciation secondary. Under its 80% policy the Fund invests in alternative income investments outside traditional public markets, including specialty finance, litigation finance, real estate debt, transportation, trade and portfolio finance, royalties, warehouse facilities and private credit funds, held directly, through credit facilities, private funds and SPVs. It may hold distressed debt, has no minimum credit standard, may use derivatives and borrows up to 33.33% of assets.

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