We are proud to announce that the Lind Capital Partners Municipal Credit Income Fund has reached a significant milestone, surpassing $50 million in assets under management (“AUM”). As of June 20, 2025, fund AUM totaled $60.8 million.
The Lind Capital Partners Municipal Credit Income Fund (ticker: LCPMX) was launched in 2022, as an interval fund registered under the Investment Company Act of 1940. We believe that the interval fund structure is the ideal structure for our investment strategy, offering investor liquidity that matches that of the underlying assets. Importantly, we believe the structure gives the portfolio management team the ability to exploit inefficiencies in the non-rated municipal market and more importantly, offers protection for long-term investors. The growth of LCPMX is testament to our investors’ confidence in both our strategy and the interval fund structure.
We are excited to have reached this milestone and for the opportunities that lie ahead with continued growth. We expect the increased scale to benefit our investors in several ways:
Broader access for new investors: The $50 million threshold is a critical hurdle for the fund to be approved by many independent RIAs, broker-dealers, and other investment platforms.
Enhanced deal flow: Larger scale can help source new deals in our market, providing our investors access to additional investment opportunities.
Cost efficiencies: As the fund continues to grow, fixed costs are distributed across all shareholders and we expect the expense ratio to decline over time.
New capital is accretive to portfolio yield: The current market environment continues to offer historically attractive purchase yields. We are consistently seeing opportunities to invest new capital at 6.50 - 7.00% tax-exempt yields.
While we continue to grow, we remain focused on our primary objective: to offer a unique approach to an inefficient corner of the municipal market, and deliver high levels of tax-exempt income to our investors. The current market environment and growth of LCPMX further allows us to execute that objective.
LCPMX is currently available through the Fidelity FundsNetwork and the Schwab Mutual Fund Marketplace, as well as directly through the fund administrator, Ultimus Fund Solutions.
Please reach out if you'd like to schedule an update call on the strategy and the non-rated municipal market.
The fund's prospectus and more information on LCPMX can be found on the fund website: www.LCPMX.com