Steadfast Alcentra Global Credit Fund, a $3 billion unlisted closed-end fund, has changed its name to Stira Alcentra Global Credit Fund.
Additionally, the fund’s adviser changed its name from Steadfast Investment Adviser LLC to Stira Investment Adviser LLC, and the fund’s dealer manager changed its name from Steadfast Capital Markets Group LLC to Stira Capital Markets Group LLC.
Stira Alcentra Global Credit Fund is advised by an affiliate of Steadfast Companies, and sub-advised by Alcentra NY LLC, a BNY Mellon investment boutique. The offering was declared effective by the SEC in May 2017 and will focus on providing financing solutions to lower middle-market and middle-market companies in the form of floating and fixed rate senior secured loans, second lien loans and subordinated debt, as well as minority equity positions. The fund has raised approximately $8.8 million in investor equity as of December 2017.