Overview
Description
The Nuveen Enhanced CLO Income Fund is a non-diversified, closed-end management investment company structured as an interval fund. Its primary objective is to generate attractive risk-adjusted returns by investing mainly in the debt and equity tranches of third-party managed collateralized loan obligations (CLOs). These CLOs are typically backed by broadly syndicated loans, and the fund’s portfolio may also include investments in CLO warehouses. Managed by Nuveen Asset Management, the fund leverages extensive expertise in leveraged finance and alternative credit strategies.
The fund’s structure as an interval fund is notable, as it periodically offers to repurchase a portion of its shares, providing a balance between access to typically less liquid alternative credit investments and some investor liquidity. By targeting both mezzanine and equity tranches, the fund accesses segments of the CLO market associated with higher yield potential and differentiated credit exposure, often less available to traditional retail investors. The Nuveen Enhanced CLO Income Fund plays a distinctive role in the market by broadening access to private credit and CLO investments, supporting portfolio diversification and income generation for a range of investors.
About
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Instrument type
Mutual fund
Country
United States
MIC code
XNAS