Non-Rated Municipal Strategy
We designed our strategy to empower individual investors and advisors with institutional-level knowledge and access to the non-rated municipal bond market.
Our strategy seeks to exploit the inefficiencies of this little known and less traveled corner of the market by constructing high-conviction, concentrated credit portfolios for sophisticated long-term investors.
Our strategy is rooted in rigorous fundamental credit research
Diligent ongoing surveillance allows us to stay ahead of potential negative credit events and identify developing opportunities.
We uncover “off the run” credit opportunities that we believe offer hidden value for investors.
75-80% of portfolios allocated to non-rated securities
We believe the non-rated municipal market offers investors an efficient path to maximize after-tax, risk-adjusted returns by generating dependable, high levels of tax-exempt income.
We target deal sizes $15-125 million, strategically avoiding overcrowded markets
We focus on select revenue bond sectors in the non-rated municipal market and identify borrowers with dependable revenue characteristics and operating business models.
Investment Solutions
Our Non-Rated Municipal Strategy is offered through two carefully designed investment solutions: separately managed accounts (SMAs) and an SEC-registered interval fund (LCPMX). These vehicles are designed to exploit market inefficiencies, allow for opportunistic capital deployment, and avoid structural flaws of traditional retail investment vehicles.
Lind Capital Partners Municipal Credit Income Fund – LCPMX
Our interval fund, LCPMX, is a pooled vehicle designed for investors with a minimum investment of $25,000. Individuals can invest in LCPMX directly or through an RIA relationship custodied with Charles Schwab or Fidelity. Please see the fund website and prospectus for additional details.