- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- One Financial Plaza Hartford CT United States of America 6103
- IPO Date
- Feb 8, 2019
- Business
- Virtus Private Credit Strategy ETF (NYSE Arca: VPC) is an exchange-traded fund that provides passive exposure to the private credit market by tracking the Indxx Private Credit Index. The ETF invests primarily in listed instruments emphasizing private credit, including business development companies (BDCs) that finance small- and mid-sized businesses typically inaccessible to public investors; closed-end funds (CEFs) with allocations to structured investments such as collateralized loan obligations (CLOs), mezzanine loans, and bank loans; and other high-yield fixed income securities focused on alternative yield sources. Launched on February 7, 2019, VPC offers quarterly distributions, intraday liquidity, and diversification benefits with lower interest rate sensitivity compared to traditional bond strategies, targeting income-oriented investors seeking competitive yields.
Managed by Virtus Investment Advisers, Inc., a subsidiary of Virtus Investment Partners, Inc., the ETF features top holdings such as Oxford Lane Capital Corp., OFS Credit Company, Inc., Eagle Point Credit Company Inc., BlackRock TCP Capital Corp., and Prospect Capital Corp., with a total expense ratio of 9.86% reflecting acquired fund fees and expenses. Virtus Investment Partners, headquartered in Hartford, Connecticut and founded in 1995, operates globally through affiliates providing asset management solutions to individual and institutional clients across equity, fixed income, and alternative strategies.
In recent developments, Virtus Investment Partners completed a debt refinancing in September 2025, securing a $400 million senior secured loan and $250 million revolving credit facility to enhance financial flexibility; expanded its ETF lineup with launches including the Virtus AlphaSimplex Global Macro ETF and plans for additional equity-oriented products from affiliates like Sylvan, Sykes, Stone Harbor, and AlphaSimplex; and announced a strategic minority interest investment in Crescent Cove Advisors, LP on December 16, 2025. These initiatives support VPC's positioning within Virtus's growing ETF segment, which reached $4.7 billion in assets under management with 79% year-over-year growth as of Q3 2025, amid a focus on product innovation and alternative income strategies. The ETF maintains operations primarily in the United States, with exposure to domestic private credit markets via regulated, publicly traded BDCs and CEFs managed by firms including Blackstone, Ares, and KKR.