
Emery Partners Income Credit Strategies Fund
Overview
Emery Partners Income Credit Strategies Fund (“EPICS”) is a continuously offered, closed-end tender offer fund designed to generate current income with low volatility through targeted allocations to differentiated, institutional-quality specialty finance investments. EPICS provides a single point of access to a diversified portfolio of opportunistic credit managers, co-investments, and direct investments via a simplified structure. EPICS primarily invests in credit assets that are short in duration, uncorrelated to traditional markets, and self-liquidating. These opportunities are typically complex and require a high degree of specialization to source and manage. Target markets are often undercapitalized and under-competed, which includes strategies such as trade finance, bridge lending, government receivables, inventory/invoice factoring, and other debt-like instruments. EPICS is intended to complement traditional fixed income portfolios by preserving capital, generating distributable income, and providing liquidity.
Target Markets
We target markets are often complex or misunderstood, requiring a high degree of specialization. Transactions typically feature:
Structural protections / first loss capital
Asset over-collateralization
Equity upside through warrants
Credit upgrades such as insurance
Uncorrelated risk profiles
Ring fenced cash flows
Attractive yields
Short durations
Self-liquidating payment structures
Working Capital Solutions
Trade Finance
Royalties
Asset Backed Loans
Government Receivables
Consumer Loans
SME Loans
Real Estate Bridge Loans
Attractive Return Profile
8-12% target net annualized return
Quarterly cash distributions
Capital preservation and income
Short duration portfolio
Low Fees & Liquidity
0.85% management fee
Negotiated terms with managers
Cost structure lower than the “2 & 20”
Semi-annual tender process
Access & Lower Minimums
$50,000 minimum
Accredited & Qualified Accounts (IRAs)
Access to limited opportunities
Diversification
Diversified portfolio of managers and co-investments with a single access point
Exposure to thousands of credits
No permanent fund-level leverage
Tax
1099 Tax Reporting
No K1s or UBTI
Transparency
Quarterly Letters
Access to Portfolio Managers
Quarterly NAV and statements
Growth of $1,000 Since Inception
Inception: January 1, 2021
Trailing Performance vs Benchmarks
Quarterly Net Performance
Trailing returns through 3/31/2025
Key Facts
Symbol
Structure
Minimum Investment
Liquidity
Investor Requirements
EPICS
Closed-End Registered Fund
$50,000
Semi-Liquid
Accredited Investor
NAV Reporting
Subscriptions
Distributions
Tax Reporting
Net Assets
Quarterly
Quarterly
Quarterly
1099-DIV
$79 million
