Afa Multi-Manager Credit Fund
AMCLX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Jun 30, 2021
- Website
- alternativefundadvisors.com
- Similar Companies
- Business
- AFA Multi-Manager Credit Fund (AMCLX) is a closed-end interval fund managed by Alternative Fund Advisors LLC that seeks high levels of current income through investments primarily in asset-based loans originated by select boutique lending platforms serving lower middle-market borrowers. The fund offers exposure to private credit strategies focused on diversified collateral types across a broad array of industries, including diversified financing, equipment finance, and commercial finance; it emphasizes defined sources of repayment through asset collateralization, providing differentiation from traditional corporate direct lending. As an interval fund structure, AMCLX facilitates daily purchases at net asset value, quarterly repurchases ranging from 5% to 25% of assets, 1099 tax reporting, and no individual accreditation requirement, with a minimum investment of $1 million at the firm level. Launched in June 2021 and headquartered in Boston, Massachusetts, the fund operates with net assets of approximately $248 million as of November 2025 and targets accredited investors seeking private credit diversification without subscription agreements. Atrato Consulting serves as sub-advisor, providing research and due diligence support. The fund maintains a non-diversified portfolio under the Investment Company Act of 1940, employing modest fund-level leverage and benefiting from specialized expertise in niche lending ecosystems. In April 2025, the fund underwent a significant rebranding from AFA Private Credit Fund to AFA Asset Based Lending Fund (retaining ticker AMCLX) to better reflect its focused strategy amid expanding private credit options, enhancing investor recognition of its asset-based lending approach. This name change aligns with positioning asset-based lending as a less competed segment offering attractive risk-adjusted returns for portfolio diversification. No major acquisitions, funding rounds, or new product launches have been reported in the last 1-2 years beyond this strategic reorientation.