PC · PRIVATE CREDIT

Variant Alternative Lending Fund

Variant Investments · Asset-Based Lending Interval Fund

Program Overview

Asset-Based Lending Interval Fund

Peer Group Filters

Objectives: IncomeCapital AppreciationCapital Preservation
Asset Class: Private Credit
Vehicle: Interval Fund
Single / Multi Asset: Multi-Asset

Sponsor/Manager

Variant Investments

Asset Class

Private Credit

Issuer

Variant Alternative Lending Fund

Issuer Legal Structure

Delaware Statutory Trust

Program Life Structure

Evergreen

Securities Offered

Equity - Institutional Class Shares

Target Leverage

Maximum 33% debt-to-total-assets Borrowing limited to 33 1/3% of total assets (preferred to 50%). Leverage is expected for working capital, not structural use. No borrowings at 4/30/2026 (N-CSR) or 7/31/2026 (NPORT-P). Small short euro futures currency hedge.

Strategy Risk/Return Profile

Managing Broker-Dealer

Distribution Services, LLC

Scale

2,978,085 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 while seeking to prioritize capital preservation, with capital appreciation as a secondary objective. It invests at least 80% of net assets in senior secured alternative lending investments and expects at least 90% under normal conditions, mainly through directly originated senior secured credit facilities. Investments may include specialty finance, litigation finance, real estate debt, transportation, portfolio and trade finance, royalties, warehouse facilities and secondary private credit fund interests, across developed and emerging markets and varying credit quality.

Subscribe to Ratings ALTSeek Ratings, securities and terms and the full diligence record are available with a subscription. Subscribe to Ratings Already subscribed? Sign in again