Home Alts News LCM Investment Management Appoints Destra Capital as Sub-Distributor for Interval Fund

LCM Investment Management Appoints Destra Capital as Sub-Distributor for Interval Fund

Multi-Strategy Growth & Income Fund (MSFDX/MSFYX/MCFDX/MSFIX), a closed-end interval fund advised by LCM Investment Management LLC, has appointed broker-dealer Destra Capital Investments LLC as its sub-distributor to distribute the fund to brokers, advisors and financial intermediaries.

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Multi-Strategy Growth & Income Fund (MSFDX/MSFYX/MCFDX/MSFIX), a closed-end interval fund advised by LCM Investment Management LLC, has appointed broker-dealer Destra Capital Investments LLC as its sub-distributor to distribute the fund to brokers, advisors and financial intermediaries. The fund’s principal distributor is Northern Lights Distributors LLC.

“We are pleased to have Destra representing the fund and look forward to expanding the offering of this sophisticated, endowment-based alternative investment process to the financial advisor community,” said Mark Scalzo, LCM’s chief investment officer and co-portfolio manager of the fund.

The Multi-Strategy Growth & Income Fund invests in income-producing securities, including traded, non-traded, and private real estate investment trusts, business development companies, hedge funds, closed-end funds, and private investment funds. The company oversees a $193.4 million investment portfolio and has raised approximately $300 million in investor equity since launching in 2012, according to Summit Investment Research. LCM Investment Management, the fund’s adviser, has roughly $600 million in discretionary and non-discretionary assets under management.

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