The Clarity Private Income Portfolio, or CPIP for short, successfully launched with the first round of investments closing at the end of September. This was a satisfying capstone to months of hard work from the investment team, the back office, and the client relationship managers poured into making this project a reality for our clients.
CPIP was born from several White Papers we have shared with our clients in the
past few years on the ever growing concern over traditional fixed income. CPIP is a multimanager income distributing fund designed to act as a medium term replacement for traditional fixed income assets.
While CPIP has launched and the first closing is behind us the fund is not yet closed to investors and we hope to see three or more additional closings with at least one of them occurring in 2016. For more information on CPIP please feel free to contact your Client Relationship Manager.