EL SEGUNDO, Calif., July 09, 2018 (GLOBE NEWSWIRE) -- Griffin Capital Company, LLC, on behalf of Griffin Institutional Access Credit Fund (the “Fund,” a ’40 Act continuously offered closed-end fund commonly referred to as an interval fund) recently closed on its first directly-originated investment.

Dr. Randy Anderson, President of Griffin Capital Asset Management Company, said “We are excited to announce the closing of our first directly-originated investment in the Fund. With exemptive relief in hand, Griffin Institutional Access Credit Fund shareholders can now gain exposure to the full breadth and expertise of the Bain Capital Credit Platform, including these direct origination opportunities, as well as senior direct lending and non-performing loan (NPL) investments sourced from financial institutions in Europe. Our ability to provide investors access to true institutional investment opportunities is a hallmark of our fund platform at Griffin.”

The Griffin Institutional Access Credit Fund commenced operations on April 3, 2017.

“We are proud of our performance thus far, outperforming the leveraged loan index as well as traditional bonds,” said Jeff Hawkins, COO of Bain Capital Credit. “Alternative credit has historically performed well within a variety of market conditions and we believe the Fund is well positioned in today’s dynamic market environment.”

About Griffin Institutional Access Credit Fund Griffin Institutional Access Credit Fund (the " Fund"), a closed-end, interval fund registered under the Investment Company Act of 1940, is an actively managed, diversified portfolio of credit instruments, which may include bank loans, high-yield bonds, structured credit, middle-market direct lending, and non-performing loans. The Fund offers daily pricing and periodic liquidity at net asset value, and the Fund will make quarterly offers to repurchase between five percent and 25 percent of its outstanding shares at net asset value. The Fund began reporting on NASDAQ on April 3, 2017 with an initial share price of $25.00. The adviser of the Fund is Griffin Capital Credit Advisor, LLC, a majority owned subsidiary of Griffin Capital Company, LLC.

About Griffin Capital Company, LLC Griffin Capital Company, LLC ("Griffin Capital") is a leading alternative investment asset manager with approximately $10.45 billion* in assets under management. Founded in 1995, the privately held firm is led by a seasoned team of senior executives with more than two decades of investment and real estate experience and who collectively have executed more than 650 transactions valued at over $22 billion. The firm manages, sponsors or co-sponsors a suite of carefully curated, institutional quality investment solutions distributed by Griffin Capital Securities, LLC to retail investors through a community of partners, including independent and insurance broker-dealers, national wirehouses, registered investment advisory firms and the financial advisors who work with these enterprises. *As of March 31, 2018.

About Bain Capital Credit Bain Capital Credit ( www.baincapitalcredit.com ), founded as Sankaty Advisors in 1998, invests up and down the capital structure and across the spectrum of credit strategies, including leveraged loans, high-yield bonds, distressed debt, private lending, structured products, non-performing loans and equities. Our team of more than 200 professionals creates value through rigorous, independent analysis of thousands of corporate issuers around the world. In addition to credit, Bain Capital invests across asset classes including private equity, public equity and venture capital, and leverages the firm’s shared platform to capture opportunities in strategic areas of focus.

Additional information is available at www.griffincapital.com .

Julius Buchanan / Joseph Kuo Haven Tower Group LLC 424-652-6520, ext. 114 / 424-652-6520, ext. 101 jbuchanan@haventower.com or jkuo@haventower.com