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BondBloxx is launching the BondBloxx Private Credit CLO ETF (PCMM), the first ETF offering direct exposure to private credit, on December 3rd. The fund invests at least 80% of its assets in private credit collateralized loan obligations (CLOs), targeting middle market companies. This segment represents over $30 trillion in the U.S. financial markets, with approximately 300,000 middle market companies generating $13 trillion in annual revenue.
The ETF aims to democratize access to private credit, previously to institutional and high net worth investors, offering portfolio diversification through multiple underwriters with the liquidity and transparency advantages of an ETF structure.
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