Variant adds 5 people to its investment team as part of the launch of the AUM Growth and Impact Fund
PORTLAND, Oregon., June 16, 2022 /PRNewswire/ — Variant Investments, LLC (“Variant”) is pleased to announce the expansion of its investment staff with five recent hires, bringing the company to a total staff of sixteen. The additions will support the continued growth of the flagship fund, the Variant Alternative Income Fund (NICHX), as well as the recently launched Variant Impact Fund (IMPCX).
Please find more performance and important information here for NICHX and here for IMPCX.
Variant has hired two new senior vice presidents, Tom Karwacki and Scott Zaleski, which will source and underwrite the investments of the two funds. Tom joins Variant from the Alternative Investments division of Wafra. Scott was previously director of complex solutions at the Chicago Atlantic Group. With Tom and Scott operating from New York and Chicagorespectively, Variant is also expanding its geographical footprint across the country.
“We are thrilled to have Tom and Scott join the firm,” said Bob Elsasser, co-founder and director of Variant. “They both bring considerable experience in investing in exactly the types of market niches we are targeting.”
Variant has also hired Daljinder Singh for a newly created role as Data and Analytics Manager. Daljinder will focus on automation and analytics efforts, improving the underwriting, monitoring and portfolio management tools used by the investment team.
“We have worked with Daljinder over the past year on various data integration projects,” said Curt Fintel, co-founder and director of Variant. “Hiring him full-time will help accelerate progress on key strategic initiatives that will help scale the business.” Daljinder will work as a full-time contractor on New Delhi, India.
Variant also announces the addition of two new associates to the investment team, forming the next generation of investment professionals. Morgan Pierce and Sean Plotnick will both work from Portland Desk.
“We feel lucky to have landed all these people with unique qualifications,” said JB Hayes, co-founder and director of Variant. “This team expansion significantly increases Variant’s reach and expertise in these niche markets. We plan to continue to hire opportunistically ahead of business growth.”
About the Variant Alternative Income Fund (NICHX):
The Fund offers investors efficient access to a diversified portfolio of unconventional income-generating assets. The Fund invests in niche markets with strong cash flow characteristics and low correlations to equity and bond markets. The primary objective of the Fund is to provide a high level of current income. Capital appreciation will be considered a secondary objective. Variant, an innovator in alternative income investing, is led by an investment team with decades of experience investing in niche markets. Interval funds offer investors features such as daily pricing, 1099 tax reporting, and quarterly liquidity with a fund-level gate of 5-25% of NAV. The interval fund structure gives accredited investors access to less liquid and potentially more profitable alternative investments.
About the Variant Impact Fund (IMPCX):
The Fund provides investors with efficient access to a diversified portfolio of unconventional income-generating assets that are aligned with the United Nations Sustainable Development Goals (“UN SDGs”). The Fund invests in niche markets with strong cash flow characteristics and low correlations to equity and bond markets. The primary objective of the Fund is to provide a high level of current income. The Fund will also seek to generate positive social and environmental impact by targeting investment opportunities that are both aligned with the UN SDGs and consistent with the Fund’s impact investing framework. The Fund intends to invest in a wide range of opportunities across three core impact objectives: (i) financial inclusion; (ii) equitable growth; and (iii) responsible drinking. The Fund is structured as an interval fund.
Variant Investments, LLC is a signatory to the PRI | Principles for Responsible Investment and member of the Global Impact Investing Network.
To learn more about the Variant Alternative Income Fund (NICHX), please visit funds.variantinvestments.com
To learn more about the Variant Impact Fund (IMPCX), please visit https://funds.variantinvestments.com/variant-impact-fund/
To learn more about Variant Investments, LLC, please visit www.variantinvestments.com
Ryan WarrenDirector of Investor Relations, [email protected]
An investment in the Fund is speculative and involves substantial risks. The Variant Alternative Income Fund and the Variant Impact Fund are registered, non-diversified, continuously offered closed-end funds with limited liquidity. There can be no assurance that the Funds will achieve their objectives. An investment in the Sub-Funds should only be made by investors who understand the risks involved, who are able to bear the loss of the full amount invested and who can bear the risks associated with the limited liquidity of the Shares. A prospective investor must meet the definition of “accredited investor” under Regulation D of the Securities Act of 1933.
Stocks are an illiquid investment. You should generally not expect to be able to sell your Shares (other than through the redemption process), regardless of the performance of the Funds. Although the Sub-Funds are required to operate a Share redemption programme, only a limited number of Shares will be eligible for redemption by the Sub-Funds.
BEFORE INVESTING, YOU SHOULD CAREFULLY CONSIDER THE INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES OF THE FUND. THIS AND OTHER INFORMATION IS CONTAINED IN THE PROSPECTUS, A COPY OF WHICH MAY BE OBTAINED AT (877) 770-7717 OR WWW.VARIANTINVESTMENTS.COM. PLEASE READ THE PROSPECTUS CAREFULLY BEFORE INVESTING.
Foreside Fund Services, LLC, Distributor.
SOURCEVariant Investments, LLC