Variant Alternative Income Fund

Fund Profile

Fund profile

Fund manager

Variant Alternative Income Fund LP

Total assets

$3.02 bn

Liabilities

$131.10 mm

Net assets

$2.89 bn

Number of holdings

195.00

195 Holdings

As of Oct 2024

Security	$Holding	Balance	% of Fund	Category	Position	Country
Goldman Sachs Financial Square Government Fund	320.58 mm	320.58 mm principal	11.09	Short-term investment vehicle	Long	USA
STRATFORD CRESSON MEDICAL RECEIVABLES /	122.49 mm	1.00 principal	4.24	Debt	Long	USA
MEDTRADE CAPITAL LLC MEDTRADE CAPITAL LLC /	111.36 mm	1.00 principal	3.85	Debt	Long	USA
STAR STRONG CAPITAL SSC SPV No. 1 LLC /	83.09 mm	1.00 principal	2.87	Debt	Long	USA
COMBINED WAREHOUSE CREDIT FACILITY /	80.82 mm	1.00 principal	2.80	Debt	Long	USA
C CUBED CREDIT FACILITY /	77.24 mm	1.00 principal	2.67	Debt	Long	USA
DELGATTO DIAMOND FINANCE FUND FACILIT /	76.41 mm	1.00 principal	2.64	Debt	Long	USA
COROMANDEL CREDIT FACILITY /	63.73 mm	1.00 principal	2.20	Debt	Long	USA
CreditSpring Credit Facility /	62.89 mm	1.00 principal	2.18	Debt	Long	USA
BEB Equal Access Justice Fund LP /	61.96 mm	1.00 shares	2.14	Common equity	Long	USA
Seaport Specialty Debt Collection /	56.94 mm	1.00 principal	1.97	Debt	Long	USA
KERBEROS CREDIT FACILITY /	56.42 mm	1.00 principal	1.95	Debt	Long	USA
AERO CAPITAL SOLUTIONS FUND LP 3 /	53.12 mm	1.00 shares	1.84	Common equity	Long	USA
ECHELON MEDICAL REC CREDIT FACILITY /	44.28 mm	1.00 principal	1.53	Debt	Long	USA
BE Blank EAJF ESQ Fund LP /	44.05 mm	1.00 shares	1.52	Common equity	Long	USA
POST ROAD HEALTHCARE FUNDING PARTNERS /	37.87 mm	1.00 principal	1.31	Debt	Long	USA
ATALAYA EQUIPMENT LEASING EVERGREEN LP /	35.72 mm	1.00 shares	1.24	Common equity	Long	USA
SPECIALTY CAPITAL CREDIT FACILITY /	34.73 mm	1.00 principal	1.20	Debt	Long	USA
Wallace Finance Consumer Lending /	34.13 mm	1.00 principal	1.18	Debt	Long	USA
BEATBREAD II CREDIT FACILITY /	32.03 mm	1.00 principal	1.11	Debt	Long	USA
ASPIRIA MXN SMALL BUSINESS FACILITY /	30.71 mm	1.00 principal	1.06	Debt	Long	USA
AERO CAPITAL SOLUTIONS FUND LP 2 /	28.64 mm	1.00 shares	0.99	Common equity	Long	USA
DELGATTO DIAMOND FINANCE FUND QP, LP /	28.59 mm	1.00 shares	0.99	Common equity	Long	USA
EDLY WH CREDIT FACILITY /	27.56 mm	1.00 principal	0.95	Debt	Long	USA
ACCIAL CAPTIAL FAC AWAN TUNAI /	26.50 mm	1.00 principal	0.92	Debt	Long	USA
MEDTRADE CAPITAL 2 CREDIT FACILITY /	26.48 mm	1.00 principal	0.92	Debt	Long	USA
NORTHLIGHT CCW SENIOR RE LOAN /	25.93 mm	1.00 principal	0.90	Debt	Long	USA
The New Harbor CDMX II /	24.63 mm	1.00 principal	0.85	Debt	Long	USA
KERBEROS SIPRUT PC /	23.62 mm	1.00 principal	0.82	Debt	Long	USA
CoVenture AMZN Credit Opps LP /	23.23 mm	1.00 shares	0.80	Common equity	Long	USA
OLD HILL WSF CO-LEND CREDIT FACILITY /	22.74 mm	1.00 principal	0.79	Debt	Long	USA
VIRAGE CAPITAL LP - Series 6 /	22.63 mm	1.00 shares	0.78	Common equity	Long	USA
MEP Capital Fund IV FUND IV /	21.48 mm	1.00 shares	0.74	Common equity	Long	USA
ARC CREDIT FACILITY /	21.18 mm	1.00 principal	0.73	Debt	Long	USA
Broadway Capital Corp	21.18 mm	1.00 shares	0.73	Common equity	Long	USA
Hawks Point Envest Renewable Energy TL /	20.95 mm	1.00 principal	0.72	Debt	Long	USA
ITE Rail Fund LP /	20.75 mm	1.00 shares	0.72	Common equity	Long	USA
MEP CAPITAL FUND III /	20.18 mm	1.00 shares	0.70	Common equity	Long	USA
CoVenture Credit Opp Partners Fund LP /	19.47 mm	1.00 shares	0.67	Common equity	Long	USA
ARGONAUT - THE MAGIC FARAWAY TREE BRIDGE /	19.24 mm	1.00 principal	0.67	Debt	Long	USA
Crestline Mining Fund Co-Investment /	19.14 mm	1.00 shares	0.66	Common equity	Long	USA
H POINT Fix & Flip Facility /	18.64 mm	1.00 principal	0.64	Debt	Long	USA
1543 Capital Financi 1543 Capital Financi /	18.30 mm	1.00 principal	0.63	Debt	Long	USA
NEW HARBOR CREDIT FACILITY /	17.84 mm	1.00 principal	0.62	Debt	Long	Mexico
Almavest Impact Debt Facility /	17.52 mm	1.00 principal	0.61	Debt	Long	USA
Setpoint Residential Fintech Fund II LP /	17.40 mm	1.00 shares	0.60	Common equity	Long	USA
TURNING ROCK FUND II LP /	16.26 mm	1.00 shares	0.56	Common equity	Long	USA
Setpoint Residential Fintech Fund LP /	16.20 mm	1.00 shares	0.56	Common equity	Long	USA
RIVONIA - PLANET42 CREDIT FACILITY /	16.04 mm	1.00 principal	0.55	Debt	Long	USA
RapidFunds Senior Credit Facility /	15.87 mm	1.00 principal	0.55	Debt	Long	USA
TAIGA SECONDARY /	15.82 mm	1.00 shares	0.55	Common equity	Long	USA
Coromandel Credit Income Evergreen /	15.62 mm	1.00 shares	0.54	Common equity	Long	USA
Stratford Mass Torts CREDIT FACILITY /	15.58 mm	1.00 principal	0.54	Debt	Long	USA
SHINNECOCK DART MILANO 2 /	15.23 mm	1.00 principal	0.53	Debt	Long	USA
LENDSPARK CREDIT FACILITY /	15.13 mm	1.00 principal	0.52	Debt	Long	USA
AERO CAPITAL SOLUTIONS FUND LP IV /	15.13 mm	1.00 shares	0.52	Common equity	Long	USA
STAT CAPITAL CREDIT FACILITY /	15.00 mm	1.00 principal	0.52	Debt	Long	USA
KERBEROS CREDIT FACILITY 11 /	14.41 mm	1.00 principal	0.50	Debt	Long	USA
Oceana Australian Small Business /	13.84 mm	1.00 principal	0.48	Debt	Long	Australia
UPPER90 CRUSOE LOAN /	13.67 mm	1.00 principal	0.47	Debt	Long	USA
SHINNECOCK DART MILANO /	13.43 mm	1.00 principal	0.46	Debt	Long	USA
ARGONAUT - The Crow /	13.22 mm	1.00 principal	0.46	Debt	Long	USA
ARGONAUT - Castle Rock Bridge /	13.13 mm	1.00 principal	0.45	Debt	Long	USA
ACCIAL CAPEM CREDIT FACILITY /	13.10 mm	1.00 principal	0.45	Debt	Long	USA
TAILOR RIDGE CREDIT FACILITY /	12.65 mm	1.00 principal	0.44	Debt	Long	USA
ARGONAUT - Return to Silent Hill /	12.44 mm	1.00 principal	0.43	Debt	Long	USA
RIVONIA ROAD FUND LP /	12.42 mm	1.00 shares	0.43	Common equity	Long	USA
FLEXPATH CAPITAL SENIOR DEBT FACILITY /	12.10 mm	1.00 principal	0.42	Debt	Long	USA
Carter Congressional Village /	12.01 mm	1.00 principal	0.42	Debt	Long	USA
KERBEROS CREDIT FACILITY 4 /	11.97 mm	1.00 principal	0.41	Debt	Long	USA
WALLACE FINANCE CONSUMER FACILITY /	11.82 mm	1.00 principal	0.41	Debt	Long	USA
STAGE POINT CREDIT FACILITY /	11.10 mm	1.00 principal	0.38	Debt	Long	USA
APP ACADEMY INCOME SHARE FACILITY /	10.49 mm	1.00 principal	0.36	Debt	Long	USA
Oceana Australian Small Bus Facility /	10.32 mm	1.00 principal	0.36	Debt	Long	Australia
SILVERPEAK SPECIAL SITUATION LENDING LP /	10.30 mm	1.00 shares	0.36	Common equity	Long	USA
PRODUCE PAY CREDIT FACILITY /	10.30 mm	1.00 principal	0.36	Debt	Long	USA
Oceana Australian Small Bus Facility /	10.28 mm	1.00 principal	0.36	Debt	Long	Australia
Square Kilometer ERTC CREDIT FACILITY /	10.20 mm	1.00 principal	0.35	Debt	Long	USA
OHPC LP OHPC /	10.15 mm	1.00 shares	0.35	Common equity	Long	USA
SIXPOINT CAP CREDIT /	9.60 mm	1.00 principal	0.33	Debt	Long	USA
PRODUCTION LENDING CREDIT FACILITY 2 /	9.31 mm	1.00 principal	0.32	Debt	Long	USA
AMP RSC INDUSTRIAL REAL ESTATE /	9.25 mm	1.00 principal	0.32	Debt	Long	USA
TAIGA 2023 SECONDARY /	9.12 mm	1.00 shares	0.32	Common equity	Long	USA
BASTION ECG CREDIT FACILITY /	8.92 mm	1.00 principal	0.31	Debt	Long	USA
LENDABLE WATU 2 CREDIT FACILITY /	8.75 mm	1.00 principal	0.30	Debt	Long	USA
MEP NGL MEP CAPITAL III LP /	8.68 mm	1.00 shares	0.30	Common equity	Long	USA
PERCENT CREDIT FACIL /	8.34 mm	1.00 principal	0.29	Debt	Long	USA
KERBEROS CREDIT FACILITY 3 /	8.28 mm	1.00 principal	0.29	Debt	Long	USA
MEP CAPITAL FUND II /	7.85 mm	1.00 shares	0.27	Common equity	Long	USA
CARTER MIDWEST INDUSTRIAL LOG /	7.81 mm	1.00 principal	0.27	Debt	Long	USA
BEST CASE CREDIT FACILITY /	7.77 mm	1.00 principal	0.27	Debt	Long	USA
FAIRWAY LOC 7% /	7.50 mm	1.00 principal	0.26	Debt	Long	USA
COVENTURE NO 1 CREDIT OPPS FUND A-3 /	7.26 mm	1.00 shares	0.25	Common equity	Long	USA
CARTER MODE at HYATTSVILLE /	7.22 mm	1.00 principal	0.25	Debt	Long	USA
ALTRIARCH INVOICE FACTORING FACILITY /	6.77 mm	1.00 principal	0.23	Debt	Long	USA
OAK HARBOR CAPITAL NPL VII FUND /	6.75 mm	1.00 shares	0.23	Common equity	Long	USA
Recovery Index	6.62 mm	1.00 shares	0.23	Common equity	Long	XX
Salaryo CREDIT FACILITY /	6.60 mm	1.00 principal	0.23	Debt	Long	USA
LENDABLE PAYJOY CREDIT FACILITY /	6.25 mm	1.00 principal	0.22	Debt	Long	USA
Almavest Impact Debt 90 Day Facility /	6.21 mm	1.00 principal	0.21	Debt	Long	USA
Arcadia Cirrix Capital LP /	6.15 mm	1.00 shares	0.21	Common equity	Long	USA
Carter Riverstone at Owing Mills /	6.14 mm	1.00 principal	0.21	Debt	Long	USA
SOUND POINT SQUARE LOAN CO-INVEST /	6.01 mm	1.00 shares	0.21	Common equity	Long	USA
ACCIAL EQUITY LINK CREDIT FACILITY /	6.00 mm	1.00 principal	0.21	Debt	Long	USA
ARCADIA CIRRIX FINANCE NOTE /	5.96 mm	1.00 principal	0.21	Debt	Long	USA
STIFEL-MSP RECOVERY LAW FIRM LOAN /	5.95 mm	1.00 principal	0.21	Debt	Long	USA
Drapo Contractor Sub Subsidiary Finance /	5.87 mm	1.00 principal	0.20	Debt	Long	XX
HOMELIGHT HOMES CREDIT FACILITY /	5.53 mm	1.00 principal	0.19	Debt	Long	USA
RAISTONE TAX CREDIT FACTORING /	5.16 mm	1.00 principal	0.18	Debt	Long	USA
RIVONIA ROAD STENO CREDIT FACILITY /	5.13 mm	1.00 principal	0.18	Debt	Long	USA
DRAWBRIDGE SPECIAL OPPORTUNITY FUND /	5.00 mm	1.00 shares	0.17	Common equity	Long	USA
ARGONAUT -THE SCURRY BRIDGE /	4.85 mm	1.00 principal	0.17	Debt	Long	USA
ARGONAUT - Fast Charlie /	4.78 mm	1.00 principal	0.17	Debt	Long	USA
CARTER LIVELY INDIGO RUN /	4.71 mm	1.00 principal	0.16	Debt	Long	USA
CAGE Health LLC Allia Medical Facil /	4.65 mm	1.00 principal	0.16	Debt	Long	USA
Initiative Ireland Drummond Ross /	4.46 mm	1.00 principal	0.15	Debt	Long	Ireland
CX STATION AT CLIFT FARM DEPOSITOR /	4.40 mm	1.00 principal	0.15	Debt	Long	USA
UPPER90 FUND III /	4.33 mm	1.00 shares	0.15	Common equity	Long	USA
TURNING ROCK FUND I LP /	4.24 mm	1.00 shares	0.15	Common equity	Long	USA
SHINNECOCK PROCACINI 2 /	4.05 mm	1.00 principal	0.14	Debt	Long	USA
Bullpen GP Bridge Financing /	4.03 mm	1.00 shares	0.14	Common equity	Long	USA
BASTION KORNERSTONE CREDIT FACILITY /	4.00 mm	1.00 principal	0.14	Debt	Long	USA
ARGONAUT - Deep Fear /	3.88 mm	1.00 principal	0.13	Debt	Long	USA
ART MONEY CREDIT FACILITY /	3.82 mm	1.00 principal	0.13	Debt	Long	USA
CRESTLINE PORTFOLIO FINANCING FUND II /	3.71 mm	1.00 shares	0.13	Common equity	Long	USA
Argonaut - Harvest /	3.48 mm	1.00 principal	0.12	Debt	Long	USA
RKB ENERGY REBATES CREDIT FACILITY II /	3.43 mm	1.00 principal	0.12	Debt	Long	USA
Argonaut- Tornado /	3.12 mm	1.00 principal	0.11	Debt	Long	USA
BASTION COM FINANCE CREDIT FACILITY /	3.01 mm	1.00 principal	0.10	Debt	Long	USA
COVENTURE NO 1 CREDIT OPPS FUND A-2 /	2.91 mm	1.00 shares	0.10	Common equity	Long	USA
MEP Co-Investment /	2.84 mm	1.00 shares	0.10	Common equity	Long	USA
GREENHILL DEBT MGMT CREDIT FACILITY /	2.80 mm	1.00 principal	0.10	Debt	Long	USA
KERBEROS SIPRUT PC EQUITY /	2.77 mm	1.00 shares	0.10	Common equity	Long	USA
ARGONAUT Sneaks /	2.74 mm	1.00 principal	0.09	Debt	Long	USA
CREDIX EMERGING MARKETS FACILITY /	2.68 mm	1.00 principal	0.09	Debt	Long	USA
CreditSpring FX Margin /	2.65 mm	1.00 principal	0.09	Debt	Long	USA
ARGONAUT RI TAX CREDIT /	2.63 mm	1.00 principal	0.09	Debt	Long	USA
MONTICELLO SERIES BTH-55 /	2.52 mm	1.00 shares	0.09	Common equity	Long	USA
MONTICELLO SERIES BTH-56 /	2.50 mm	1.00 shares	0.09	Common equity	Long	USA
LENDABLE ShopUp /	2.50 mm	1.00 principal	0.09	Debt	Long	USA
FINITIVE IP LITIGATION FACILITY /	2.46 mm	1.00 shares	0.09	Common equity	Long	USA
BA TECH CREDIT FACILITY /	2.44 mm	1.00 principal	0.08	Debt	Long	USA
MONTICELLO SERIES BTH-48 /	2.14 mm	1.00 shares	0.07	Common equity	Long	USA
ARGONAUT CHIEF OF STATION /	2.11 mm	1.00 principal	0.07	Debt	Long	USA
MONTICELLO SERIES BTH-54 /	2.01 mm	1.00 shares	0.07	Common equity	Long	USA
SALARY EQUITY /	2.00 mm	1.00 shares	0.07	Common equity	Long	USA
ART FINANCE FUNDING LLC /	1.97 mm	1.00 principal	0.07	Debt	Long	USA
ACCIAL AVISTA CREDIT FACILITY /	1.91 mm	1.00 principal	0.07	Debt	Long	USA
Argonaut - Filmrise /	1.89 mm	1.00 principal	0.07	Debt	Long	USA
Star Strong Funding Equity /	1.85 mm	1.00 shares	0.06	Common equity	Long	USA
CoVenture Vantage Credit Opps Fund LP /	1.81 mm	1.00 principal	0.06	Debt	Long	USA
TRG Credito Facil Credit Facility /	1.75 mm	1.00 principal	0.06	Debt	Long	USA
VIRAGE CAPITAL PARTNERS LP /	1.64 mm	1.00 shares	0.06	Common equity	Long	USA
ARGONAUT Olive House /	1.46 mm	1.00 principal	0.05	Debt	Long	USA
ZANIFU CREDIT FACILITY /	1.39 mm	1.00 principal	0.05	Debt	Long	USA
ROUND HILL MUSIC CARLIN COINVEST LP /	1.37 mm	1.00 shares	0.05	Common equity	Long	USA
PRIME STORAGE FUND II (CAYMAN), LP /	1.31 mm	1.00 shares	0.05	Common equity	Long	USA
STRIDE ISA MEZZANINE DEBT /	1.25 mm	1.00 principal	0.04	Debt	Long	USA
Star Strong Internex Equity /	1.25 mm	1.00 shares	0.04	Common equity	Long	USA
BANDON RIVER CREDIT FACILITY /	1.19 mm	1.00 principal	0.04	Debt	Long	USA
NORTH HAVEN OFFSHORE INFRA PARTNERS A LP /	1.13 mm	1.00 shares	0.04	Common equity	Long	USA
COROMANDEL CAPITAL L REVENUE SHARE /	1.02 mm	1.00 shares	0.04	Common equity	Long	USA
HUDSON TRANSPORT REAL ASSET FUND LP /	1.02 mm	1.00 shares	0.04	Common equity	Long	USA
Monticello SH-71 /	1.01 mm	1.00 shares	0.03	Common equity	Long	USA
Network Homes 2016 Ltd	972.71 k	1.00 shares	0.03	Common equity	Long	UK
ARGONAUT Young Weather /	915.36 k	1.00 principal	0.03	Debt	Long	USA
ARGONAUT - Duchess /	901.34 k	1.00 principal	0.03	Debt	Long	USA
LENDABLE TERRAPAY CREDIT FACILITY /	714.29 k	1.00 principal	0.02	Debt	Long	USA
AUD USD CURNCY FUT DEC 24 /	706.07 k	-562.00 contracts	0.02	DFE	N/A	USA
ACCIAL RAINFOREST WARRANTS /	648.86 k	1.00 contracts	0.02	Equity derivative	N/A	USA
BLACK FOREST STRUCTURED LENDING /	631.05 k	1.00 shares	0.02	Common equity	Long	USA
COROMANDEL WARRANTS /	614.70 k	1.00 contracts	0.02	Equity derivative	N/A	USA
CAMPBELL OPPORTUNITY TIMBER FUND /	536.57 k	1.00 shares	0.02	Common equity	Long	USA
ARGONAUT WAR PAINT /	527.78 k	1.00 principal	0.02	Debt	Long	USA
ARGONAUT VAT LOAN /	509.77 k	1.00 principal	0.02	Debt	Long	USA
CONSOLIDATED SALARYO PROMISSORY NOTES /	500.00 k	1.00 principal	0.02	Debt	Long	USA
OLD HILL PARTNER INC OHP II LP /	467.20 k	1.00 shares	0.02	Common equity	Long	USA
MONTREUX HEALTHCARE FUND /	443.15 k	1.00 shares	0.02	Common equity	Long	USA
AERO CAPITAL SOLUTIONS FUND LP /	442.61 k	1.00 shares	0.02	Common equity	Long	USA
BEATWAR WARRANTS /	385.89 k	1.00 contracts	0.01	Equity derivative	N/A	USA
ARGONAUT INTO THE DEEP /	319.97 k	1.00 principal	0.01	Debt	Long	USA
YS LAW FIRM FINANCING VII /	281.11 k	1.00 shares	0.01	Common equity	Long	USA
CRESTLINE PORTFOLIO FINANCING FUND /	279.20 k	1.00 shares	0.01	Common equity	Long	USA
THOR URBAN PROPERTIES FUND II /	233.43 k	1.00 shares	0.01	Common equity	Long	USA
AION CLN CREDIT FACILITY /	228.42 k	1.00 principal	0.01	Debt	Long	USA
ART MONEY CONVERTIBLE NOTE /	217.50 k	1.00 principal	0.01	Debt	Long	USA
MEXICAN PESO FUT DEC 2024 /	201.07 k	-714.00 contracts	0.01	DFE	N/A	USA
YS VESSEL DECONSTRUCTION 1 /	200.00 k	1.00 shares	0.01	Common equity	Long	USA
EUR/USD FUTURE Dec 2024 /	184.96 k	-77.00 contracts	0.01	DFE	N/A	USA
BP CURRENCY FUTURE DEC 24 /	138.02 k	-109.00 contracts	0.00	DFE	N/A	USA
BANDON RIVER ELECTRIC BROKERAGE /	82.00 k	1.00 principal	0.00	Debt	Long	USA
MEP CULTUREWORKS CREDIT FACITILY /	21.51 k	1.00 shares	0.00	Common equity	Long	USA
VANTAGE WARRANTS /	0.01	1.00 contracts	0.00	Equity derivative	N/A	USA
CRESTLINE 1.5% ADDTL INT AGREEMENT /	0	1.00 principal	0.00	Debt	Long	USA
AUSTRALIAN DOLLAR /	-590.67	-897.53 other units	-0.00	Short-term investment vehicle	Short	Australia