Alternative Credit Income Fund
RCIIX
NASDAQ- -
USD
- -
- -
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
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Edward Joseph Goldthorpe
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- New York United States of America
- IPO Date
- Apr 17, 2015
- Website
- altcif.com
- Similar Companies
- Business
- Alternative Credit Income Fund (ticker: RCIIX) operates as a registered closed-end interval fund under the Investment Company Act of 1940, seeking to generate current income and preserve capital through diversified investments across credit markets, strategies, and managers; its portfolio emphasizes alternative credit opportunities including private credit, senior loans, structured products, leveraged assets such as preferred stock and private debt, and other illiquid investments targeting underserved segments of the corporate credit market. The fund offers Class I shares (RCIIX) alongside other share classes including RCIAX, RCIWX, RXICX, and RCILX, with features such as quarterly liquidity through repurchase offers, transparent pricing and holdings data, active in-house portfolio management, and quarterly distributions; minimum investments stand at $2,500 for non-qualified accounts and $1,000 for qualified accounts. Founded on April 17, 2015, with initial investments commencing October 27, 2015, the fund is headquartered in New York, New York, and managed by Sierra Crest Investment Management LLC, a subsidiary of BC Partners Advisors L.P., which oversees approximately $60 billion in assets across private equity, private credit, and real estate; it is distributed by ALPS Distributors, Inc. In recent developments, the fund paid a special distribution to shareholders during the semi-annual period ended March 31, 2025, amid performance impacts from the late 2024 bankruptcy and early 2025 restructuring of Jo-Ann Stores (JOAN), a portfolio holding, as well as declines in loans to cybersecurity firm Invanti, though management anticipates potential recoveries including from Invanti's recent capital raise. As of December 2025, the fund maintains a dividend yield of approximately 9.68% with a trailing twelve-month dividend of $0.88 per share and a most recent quarterly dividend of $0.18, continuing its track record of consistent quarterly payouts since inception. Sierra Crest, with its affiliation to BC Partners Credit (BCP Credit), continues to position the fund for mid-teens returns amid economic uncertainty, leveraging expertise in opportunistic credit strategies.