Launched in 2014, we believe the Radcliffe BDC strategy is the only strategy of its kind. Radcliffe seeks to capitalize on market inefficiencies to build a portfolio of primarily investment-grade bonds issued by Business Development Companies that have more favorable metrics than other investment-grade bonds, including higher yields, lower risk of principal loss, and better appreciation potential.

We also believe Radcliffe's BDC strategy offers a better way to get exposure to direct lending than private loan strategies (similar levered target returns but with more liquidity and more downside protection) or CLO tranches (higher yields than the senior tranches of CLOs with more liquidity and more downside protection).

All investments are subject to risks including the possible loss of principal. This description contains opinions and expectations regarding the marketplace and the strategy, as well as descriptions of current and potential investment processes.  There is no guarantee that our expectations will be met.  Radcliffe may change its investment process without notice at any time.