Institutional investors power Eagle Point fund to $300m close

Specialist investment manager Eagle Point Credit Management's Defensive Income Fund had its final close on Tuesday, oversubscribed at its hard cap of $300 million.

Support from a diverse group of limited partners, including endowments, foundations, public pension funds, insurance companies and family offices pushed the fund past its original target size of $250 million.

“We saw very strong demand for our defensive income strategy, which we believe provides an attractive and uncorrelated source of yield,” said Thomas Majewski, managing partner of Eagle Point. “This niche investment strategy capitalizes on Eagle Point’s highly differentiated . . .

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