Why ACOF1?

Why ACOF1?

ACOF1 seeks to deliver compelling risk-adjusted returns, with a focus on capital appreciation, by investing in a diversified portfolio of directly originated senior secured loans to U.S. middle market and upper middle market companies.

What is ACOF1 Offering?

Institutional-grade private credit strategies typically reserved for large allocators. With direct exposure to senior secured, floating-rate loans to U.S. middle market borrowers.

Moderate, disciplined use of leverage to enhance returns while preserving risk controls. Structured to maintain robust coverage ratios and downside protection.

Oversight by a Big 4 auditor and global custodian to ensure transparency and safeguarding of assets. Robust internal controls, independent directors, and thirdparty fund administration.
Broad diversification across sectors, borrowers, and structures to mitigate credit concentration risk. Approach enhances portfolio resilience and supports consistent riskadjusted returns across market cycles.
Offshore master-feeder structure designed to optimize tax efficiency for U.S. and non-U.S. investors. BVI domicile with U.S. feeder to facilitate flexible investor participation.
Seasoned investment team with deep credit, structuring, and risk management experience. Proven track record underwriting and managing private credit portfolios across credit cycles.

Access

Institutional-grade private credit strategies typically reserved for large allocators. With direct exposure to senior secured, floating-rate loans to U.S. middle market borrowers.

Leverage

Moderate, disciplined use of leverage to enhance returns while preserving risk controls. Structured to maintain robust coverage ratios and downside protection.

Governance

Oversight by a Big 4 auditor and global custodian to ensure transparency and safeguarding of assets. Robust internal controls, independent directors, and thirdparty fund administration.

Diversification

Broad diversification across sectors, borrowers, and structures to mitigate credit concentration risk. Approach enhances portfolio resilience and supports consistent riskadjusted returns across market cycles.

Tax Shelter

Offshore master-feeder structure designed to optimize tax efficiency for U.S. and non-U.S. investors. BVI domicile with U.S. feeder to facilitate flexible investor participation.

Expertise

Seasoned investment team with deep credit, structuring, and risk management experience. Proven track record underwriting and managing private credit portfolios across credit cycles.

Strategy

Our investment strategy is designed to deliver attractive risk-adjusted returns through strategic investments, diversification, and active portfolio management, guided by the expertise of the Investment Manager.

Portfolio Allocation:
Senior secured first lien loans to U.S. middle market companies, sourced through direct origination, intermediaries, or the syndicated loan market, with an emphasis on privately negotiated transactions.

Opportunistic Investments
Selective exposure to second lien loans, subordinated debt, mezzanine financing, and equity or warrants, focusing on sponsor-backed companies and rigorous risk management.

Flexible and Dynamic Approach
Maintain sector, geographic, and deal size diversification while preserving flexibility to pursue emerging private credit opportunities and adapt to changing market conditions.

Open-ended

Open-ended structure with a medium-term lock-up to provide investors with both flexibility and portfolio stability.

First Lien

High-quality senior secured credit investments offering competitive spreads over floating-rate benchmarks.

Active Liquidity

Active liquidity management supported by dedicated liquidity sleeves and portfolio allocations.

GP Alignment

General Partner commitment of up to 5% to ensure strong alignment of interests with investors.

Competitive Fees

Investor-friendly fee structure, including a high-performance hurdle before any carried interest is earned.

Intended Fund Attributes

Open-ended

Open-ended structure with a medium-term lock-up to provide investors with both flexibility and portfolio stability.

First Lien

High-quality senior secured credit investments offering competitive spreads over floating-rate benchmarks.

Active Liquidity

Active liquidity management supported by dedicated liquidity sleeves and portfolio allocations.

GP Alignment

General Partner commitment of up to 5% to ensure strong alignment of interests with investors.

Competitive Fees

Investor-friendly fee structure, including a high-performance hurdle before any carried interest is earned.

OPPORTUNITIES & RESOURCES

To receive email alerts from Adnate Capital, please sign up below.

Risks

ACOF1 is an open-ended investment vehicle managed by Adnate Capital, designed primarily to target private credit investments, including direct origination of loans and related debt instruments issued by privately held U.S. companies. Investing in ACOF1 involves substantial risk and is intended solely for sophisticated investors who understand and can accept significant illiquidity and volatility. Prospective investors should carefully review the risk factors outlined below and further detailed in our PPM:
  • An investment in ACOF1 is illiquid and should not be pursued if immediate or near-term access to invested capital may be necessary.
  • Investors should anticipate no secondary market for shares, and shares will not be listed on any securities exchange.
  • Withdrawals may, at times, be funded from offering proceeds or borrowings, potentially returning investors’ capital rather than generated income. This could reduce capital available for future investment after accounting for fees and expenses.
  • The use of leverage in our investment strategy magnifies potential investment returns and risks. Debt holders will have priority claims over equity investors in ACOF1, potentially exacerbating losses in asset values or net income during downturns.
  • Our focus on privately held companies means limited public information and greater vulnerability to economic volatility and operational inconsistencies.
  • For further details and to review our regulatory disclosures, please consult the company’s brochure filed with the US SEC available at the following link.

Legal Disclaimer

Adnate Capital does not represent or warrant, expressly or implicitly, the accuracy, completeness, fairness, or reliability of the information provided herein, including
information obtained from third-party sources. Adnate Capital expressly disclaims all responsibility or liability associated with reliance on this information and does not
undertake any obligation to update or revise any information contained herein.

Investment in ACOF1 is speculative and involves significant risks, including but not limited to limited operating history, volatile performance, the use of leverage, limited
liquidity without an expected secondary market, restrictions on transferability of interests, high fees and expenses, and substantial reliance on the investment judgment and
discretion of Adnate Capital. Investors should thoroughly evaluate all risks outlined in the applicable offering documents before investing. No assurances can be given that
investment objectives will be achieved. The investment strategies described herein should not be viewed as conservative, risk-free, or risk-averse. Economic, market, and other
external factors may lead ACOF1 to modify its investment objectives and guidelines, and investment losses are possible.

Past performance is not indicative nor a guarantee of future results.
This document may reference trademarks, service marks, or trade names of third-party entities. Such references do not imply any affiliation, sponsorship, endorsement, or association between these third-party entities and Adnate Capital.
Recipients of this material agree to observe all applicable laws and regulations concerning its use and distribution. This document is not intended for distribution or use by any person or entity in jurisdictions where such use would violate applicable laws or regulations. Additional information dissemination may also be subject to further jurisdictional restrictions.
Nothing in this disclaimer shall restrict or prohibit any individual from communicating directly with the U.S. Securities and Exchange Commission or other regulatory authorities concerning potential securities law violations.
For further details and to review our regulatory disclosures, please consult the company’s brochure filed with the SEC available at the following link.

QUICK LINKS

FOR INVESTORS

Linkedin-in X-twitter
  • All contents © Adnate Capital 2025. All rights reserved.​