San Diego-based Lucia Capital Management, which manages a portfolio of multi-sector alternative investments, recently revealed that its flagship fund, the Multi-Strategy Growth and Income Fund, has surpassed $200 million in net assets. The fund seeks to achieve long-term returns that are non-correlated to the broader equity and fixed income markets while providing investors with monthly distributions.
Raymond J. Lucia Jr., chairman of Lucia Capital Group, chief executive officer of Lucia Capital Management and co-portfolio manager of the Multi-Strategy Growth and Income Fund, says, “From the beginning, we have sought to manage MSGI as an attractive vehicle for investors with an appetite for alternative investments who are seeking active management and broad diversification. At this size I believe we will continue to see opportunities to deliver investors with access to both institutional and boutique investment opportunities generally only available to ultra-high net worth investors, family offices and endowments. We carefully combine these strategies as we seek to achieve consistent current distributions and a total return objective that is non-correlated to the broad stock and bond markets.”
Lucia Capital Management is affiliated with Lucia Capital Group, a family of companies in the wealth advice and asset management space, with financial advisors that oversee approximately $2 billion in fee-based, brokerage, fixed insurance and variable insurance assets.
The firm also reported that MSGI recently celebrated its third year of operations, establishing a multi-year track record that positions the Fund for increased adoption by distribution platforms across the country.
The Multi-Strategy Growth and Income Fund is registered as a continuously offered ‘40 Act closed-end interval fund featuring an annualized 6 percent managed distribution policy, paid monthly, and quarterly redemptions of up to 5 percent of shares outstanding. The fund gives investors access to alternative income strategies that seek to provide greater yields and growth opportunities than traditional investments without requiring the high minimum investment that such alternative investment strategies often entail.
The fund seeks a multi-strategy approach to investing by diversifying capital across various alternative investments including traded and non-traded real estate investment trusts, equity income investments, business development companies, private placements, and other asset classes.
The Multi-Strategy Growth and Income Fund is available in four distinct share classes to provide clients with flexible investing options: A and L shares, which carry upfront loads with breakpoints and trailing commissions, C shares, which have no load, and I shares, which are institutional shares.
Lucia adds that, “In this low interest rate environment, we believe the Fund’s ongoing growth shows that financial advisors and investors alike recognize MSGI’s value in providing access to alternative investments in a ‘40 Act fund structure along with its diversification and income-generating potential.”