Bluerock Institutional High Income Credit Fund
IIMFX
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- Bluerock Institutional High Income Credit Fund (tickers: IIMAX, IIMCX, IIMWX) operates as a public, closed-end interval fund that provides individual investors access to institutional private credit through actively managed pools of diversified senior secured loans structured as collateralized loan obligations (CLOs); the Fund targets high current income with a secondary focus on attractive long-term risk-adjusted total returns and low correlation to broader equity and fixed income markets. Core offerings include diversified exposure to 91 CLOs representing approximately $37.7 billion in aggregate underlying loan value across over 2,250 senior secured loans in multiple industries, emphasizing floating-rate assets in higher-rated CLO tranches for downside protection and stable yield generation in varying interest rate environments; net assets under management stand at approximately $184 million as of March 31, 2025. Headquartered in New York, New York, at 1345 Avenue of the Americas, 32nd Floor, the Fund was launched on June 21, 2022, and is managed by Bluerock Credit Fund Advisor, LLC, with WhiteStar Asset Management, LLC—a CLO specialist affiliated with Clearlake Capital Group—as sub-advisor, leveraging the latter's experience overseeing $40 billion in CLO issuances since 2001. Recent developments include a significant fee reduction announced in January 2025 to enhance investor value; celebration of its three-year milestone in June 2025 with a reported 13.7% net return in 2024 driven by senior secured loan exposure; and an 11.7% annualized distribution rate over the trailing 12 months as of April 2025, alongside an 11.3% rate noted in July 2025. The Fund targets individual investors and wealth advisors seeking institutional-grade credit strategies, with distribution handled by ALPS Distributors, Inc., and operates primarily in U.S. capital markets without specified international geographic expansions.