MidOcean Credit Partners and Lumyna Investments Announce Launch of the Lumyna
In Short
The Luxembourg-domiciled UCITS fund combines MidOcean’s expertise in credit research with Lumyna’s leading alternative fund structuring and distribution capabilities. The strategy targets attractive risk-adjusted returns by focusing on short-dated high yield bonds, complemented by relative value opportunities and tactical hedging overlays. With a typical net duration of 0–1.5 years and daily dealing, the Fund offers allocators a differentiated solution that captures income while reducing reliance on traditional beta exposures.
“We believe the short-duration segment of the high yield market represents one of the most compelling areas of credit investing today, offering a rare combination of attractive yields and defensive characteristics that balance risk and reward,” said Ryan Dean, Managing Director and Co-Head of Liquid Credit at MidOcean. “Our approach seeks to capitalise on persistent inefficiencies in this space, balancing high-conviction bond selection with relative value trades and active risk management. The result is a strategy that aims to deliver resilient, all-weather returns within institutional portfolios.”
“This partnership with MidOcean reflects our commitment to broadening the Lumyna UCITS platform with attractive new strategies,” added Philippe Lopategui, CEO of Lumyna. “MARC offers investors a high-conviction credit strategy designed for today’s more volatile and fragmented markets, combining daily liquidity, disciplined risk management and MidOcean’s long-standing expertise.”
Paul Holmes, Head of Distribution at Lumyna, commented: “Investors are increasingly seeking solutions that can deliver income without excessive reliance on duration or broad market beta. The Lumyna – MidOcean Absolute Return Credit UCITS Fund addresses this demand by providing a focused, institutional-quality strategy that can serve as a portfolio diversifier.”
About Lumyna Investments
Lumyna Investments is a leading platform for alternative investments, renowned for its partnerships with world-class asset managers to deliver innovative and differentiated funds since 2007. The firm offers a diverse suite of investment solutions spanning public and private markets, including strategies such as Equity Long/Short, Equity Market Neutral, Credit, Multi-Strategy, Event-Driven, Commodities, Private Equity, Private Credit and Insurance-Linked Securities. As part of Generali Investments, Lumyna combines the strength of a global financial leader with the agility to deliver innovative solutions tailored to investor needs. Headquartered in London, Lumyna serves a wide range of institutional and professional investors, maintaining a steadfast commitment to client success, excellence and innovation. For more information, please visit www.lumyna.com.
About MidOcean Partners
MidOcean Partners is a premier New York-based alternative asset manager specializing in middle-market private equity, alternative credit, and structured equity. Since its inception in 2003, MidOcean Private Equity has targeted investments in high-quality middle-market companies in the consumer and business services sectors. MidOcean Credit Partners was launched in 2009 and manages a series of alternative credit strategies, collateralized loan obligations (CLOs), and customized separately managed accounts. In 2024, MidOcean expanded its platform to include structured equity, positioning the firm as a leading provider of capital solutions to the middle market. For more information, please visit www.midoceanpartners.com.
About the Lumyna - MidOcean Absolute Return Credit UCITS Fund
The Lumyna – MidOcean Absolute Return Credit UCITS Fund seeks to deliver absolute returns through long and short credit-driven investments in corporate issuers. Actively managed with a net long bias, the strategy combines fundamental credit research, relative value selection, and dynamic hedging to generate income while preserving capital.
The Fund focuses on short-duration U.S. high yield bonds, complemented by selective exposure across developed markets and tactical use of derivatives. With a target net duration of 0–1.5 years, the Fund aims to capture inefficiencies in an underrepresented segment of the credit market, offering resilience and diversification within institutional portfolios.
The Fund is actively managed and is not managed in reference to a benchmark.
The Fund is subject to the following risks: High-Yield Securities, Distressed Securities and Sustainability Risks. This is not an exhaustive list of the risks. Other risks apply. For more information on the risks and costs please read the Prospectus of the Fund or relevant KID/KIID, in particular the risks and costs sections, available upon request.
This is a marketing communication, please refer to the Prospectus and relevant KID/KIID of the Sub-Fund before making any final investment decisions. The Lumyna - MidOcean Absolute Return Credit UCITS Fund has been registered for distribution to in Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden, United Kingdom, Switzerland. The Fund is available for professional investors only in Italy and Singapore. There are selling restrictions in place outside of these jurisdictions, please refer to the Subscription Agreement to find out whether the Fund is available in your country and investor group. Investors must read the Prospectus in conjunction with the Supplement, the Articles of Association and the Subscription Agreement.
Important Information:
This material is intended for professional and institutional investors only and is not intended to be directed at or made available to retail clients or US Persons.
For investors in Austria, Belgium, Denmark, Finland, France, Germany, Italy, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden only: This marketing communication is issued by Generali Asset Management SGR S.p.A which is an Italian asset management company registered under number 55 of the UCITS section and under number 165 of the AIF section of the list of asset management companies kept by Bank of Italy according to article 35 of the legislative decree 58/98. Generali Asset Management SGR S.p.A is registered locally with the AMF in France and with BAFIN in Germany to provide, inter alia, services and marketing for UCITS via its branches and it can operate in the other countries mentioned above in free provision of services.
For investors in the United Kingdom, Ireland & Switzerland only: This marketing communication is issued and approved by Lumyna Investments Limited (“Lumyna”). Lumyna is authorised and regulated by the Financial Conduct Authority and is on the UK Financial Services Register (FRN: 613481). Lumyna’s registered office is at 11 Bressenden Place London SW1E 5BY.
This material contains information on funds operated by Generali Investments Luxembourg S.A. (“Generali”). Lumyna has been appointed as their principal distributor and has engaged Generali Asset Management SGR S.p.A via its branch offices in France, to provide marketing and distribution services in respect of the funds.
Notice to investors in the United Kingdom: This material is a financial promotion and has been approved for the purposes of Section 21 of the Financial Services and Markets Act 2000, by Lumyna Investments Limited (the authorised person). This financial promotion is only intended for professional clients as defined in the Conduct of Business Sourcebook COBS 3.5.
The Fund has been established and is authorised as an EEA UCITS (in accordance with the EU UCITS Directive) in Luxembourg. The Fund has been notified to the Financial Conduct Authority of the UK (the “FCA”) for the purposes of the Overseas Fund Regime in the United Kingdom and therefore is considered to be a recognised collective investment scheme for the purposes of the Financial Services and Markets Act 2000 of the United Kingdom (“FSMA”). The distribution of this marketing material and the offering of Units in the United Kingdom may be restricted. Persons into whose possession this material comes are required to inform themselves about and to observe any such restrictions. This material does not constitute an offer or solicitation to any person to whom it is unlawful to make such offer or solicitation.
Potential investors should be aware that the Fund is not subject to the rules and regulations made under the Financial Services and Markets Act 2000 (“FSMA”) for the protection of investors. Investors will not have any protection under the United Kingdom Financial Services Compensation Scheme (FSCS) or the Financial Ombudsman Service (FOS).
Notice to investors in France: The key investor information document, Prospectus, articles and latest annual and half-yearly reports are freely available upon request from Société Générale 29, boulevard Haussmann, 75009 Paris, the centralising agent of the Company in France. The Prospectus, the articles and the latest annual and half-yearly reports are only available in English. The information herein is for general guidance only and further information is available in the Prospectus.
Notice to investors in Switzerland: This material is advertising as defined in the Financial Services Act, FinSA. Société Générale, Paris, Zweigniederlassung Zürich, is the representative and the paying agent for Switzerland. The Prospectus and KIIDs, the articles of association, together with the annual and semi-annual reports may be obtained free of charge at the representative’s offices, 50, Talacker, 8011 Zürich, Switzerland. In respect of the Shares distributed in Switzerland, the place of performance and jurisdiction is at the registered office of the Representative in Switzerland. Home jurisdiction of the Fund is Luxembourg.
Notice to Investors in Singapore: The Fund is registered in Singapore as a restricted foreign scheme. This material is intended only for institutional investors as defined in the in the Securities and Futures Act (“SFA”). The Fund is not allowed to be offered to accredited investors or relevant persons as defined in Section 305 of the SFA. This material is part of the Information Memorandum, it is not advertising and has not been reviewed by the Monetary Authority of Singapore (“MAS”).
The information contained in this document is only for general information on products and services provided by Lumyna Investments Limited (“Lumyna”) and Generali Investments Luxembourg S.A (“GIL”), as Management Company of Lumyna Funds SICAV. It shall under no circumstances constitute an offer, recommendation or solicitation to subscribe units/shares of undertakings for collective investment in transferable securities or an offer of investment services. It is not linked to nor is it intended to be the foundation of any contract or commitment. It shall not be considered as an explicit or implicit recommendation of any investment strategy or as investment advice. Neither Lumyna nor GIL accept responsibility for mistakes or omissions in this document and shall not be liable in respect of any damages or losses related to the improper use of the information provided herein.
Where forward-looking statements are used in this press release, it should be noted that these may involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including general economic conditions, future acquisitions and competitive conditions. Lumyna and GIL undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements.
Investment in the Fund carries substantial risk. There can be no assurance that the investment objectives of the Fund will be achieved and investment results may vary substantially over time. Investment in the Fund is not intended to be a complete investment programme for any investor. Investment in the Fund is intended for experienced investors who are able to understand and accept the risks involved.
A prospective investor should appreciate that the value of any investment, and any income from any investment, may go down as well as up and that an investor’s capital is at risk and the investor may not receive back the amount invested. Past performance is not indicative of future results.
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