LibreMax Capital Launches Debut Interval Fund Focused on Asset-Backed Finance

LibreMax Capital, LLC (“LibreMax”), an asset management firm specializing in securitized products and asset-backed finance, today announced the launch of the LibreMax Asset-Backed Income Fund (“LMIFX” or the “Fund”), its first interval fund that provides investors with access to private asset-backed finance (“ABF”) and traded structured credit opportunities.

LMIFX seeks to generate attractive risk-adjusted returns and current income through a portfolio of asset-backed credit investments that finance the Main Street economy, including the everyday consumer, residential housing, and commercial receivables. Structured as a registered interval fund, LMIFX offers daily subscriptions at low investment minimums, quarterly distributions, and quarterly liquidity through share repurchases¹. The Fund launched on May 1, 2026, with $285 million of capital, anchored by three institutional investors including a large Midwest Public Pension, a US Sovereign Wealth Fund, and a global Multi-Family Office.

The Fund is positioned to capitalize on several structural tailwinds in asset-backed markets, including the continued retrenchment of traditional bank lending, resilient consumer and housing fundamentals, and a less crowded competitive landscape relative to corporate direct lending. The strategy emphasizes secured, diversified investments backed by contractual cash flows or tangible assets, with rigorous underwriting designed to deliver returns with lessor correlation to broader credit markets.

“Private ABF offers what we believe is a compelling alternative to traditional private corporate credit, with exposure tied more directly to Main Street assets across the U.S. consumer and housing markets,” said Greg Lippmann, Founder and Chief Investment Officer of LibreMax. “We believe the fundamentals in asset-backed lending are particularly attractive today, supported by amortizing loan pools that provide tangible collateral, diversify borrower risk, and reduce refinancing exposure. With limited capital formation in the ABF space and a conservative regulatory backdrop, we see a highly investor-friendly environment defined by stronger credit terms and enhanced yield potential.”

Mr. Lippmann added, “We value the support from leading institutions, which reflects both the strength of the opportunity set in ABF and LibreMax’s ability to identify and execute differentiated opportunities for our clients.”

LibreMax has originated and managed approximately $6.6 billion² in private ABF investments across its platform since inception. The firm employs a data-driven, deal-specific underwriting approach, supported by proprietary risk models and an experienced team dedicated to asset-backed credit investing.

About LibreMax Capital

Founded in 2010, LibreMax Capital, LLC is a New York-based asset management firm specializing in securitized products and asset-backed finance with approximately $14 billion of assets under management. The firm manages both hedged and unhedged strategies across Evergreen Funds, Drawdown Vehicles, and Custom Solutions. To learn more, visit www.libremax.com.

An investor should consider the investment objectives, risks, and charges and expenses of the Fund carefully before investing. A prospectus which contains this and other information about the Fund may be obtained by calling 1-855-965-5812 or visiting www.libremax.com. The prospectus should be read carefully before investing.

The Fund is a recently organized, closed-end investment company with no operating history. Unlike some closed-end funds, the Fund’s Shares will not be listed on any securities exchange. An investment in the Fund should be considered a speculative investment that entails substantial risks, and a prospective investor should invest in the Fund only if they can sustain a complete loss of their investment.

All investing involves risk including the potential loss of principal. Market volatility may significantly impact the value of your investments.

Risks associated with an investment in the Fund include but are not limited to the following:

• The Fund’s Shares will not be listed on any securities exchange.

• The Fund is exposed to risks associated with changes in interest rates.

• The Fund’s distributions may be funded from offering proceeds or borrowings, which may constitute a return of capital and reduce the amount of capital available to the Fund for investment. Any capital returned to Shareholders through distributions will be distributed after payment of fees and expenses, as well as any applicable sales load.

• Because the asset backed finance investments pursued by the Fund are not typically registered under the federal securities laws like stocks and bonds, investors in loans have less protection against improper practices than investors in registered securities.

• ABF Investments are generally not insured or guaranteed by the related sponsor or any other entity and therefore, if the assets or sources of funds available to the issuer are insufficient to pay those outstanding liabilities, the Fund will incur losses.

• The Fund may invest a portion of its assets in securities and credit instruments associated with real assets, including real estate, infrastructure, digital infrastructure, datacenters, railcar, and aviation, which have historically experienced substantial price volatility.

• The Fund may invest a portion of its assets in securities and credit instruments of companies in the real estate industry, which has historically experienced substantial price volatility.

• Below investment grade instruments (also known as “junk bonds”) have predominantly speculative c characteristics and may be particularly susceptible to economic downturns, which could cause losses.

• Certain investments may be exposed to the credit risk of the counterparties with whom the Fund deals.

• CLOs may present risks similar to those of other types of debt obligations and, in fact, such risks may be of greater significance in the case of CLOs depending upon the Fund’s ranking in the capital structure. In certain cases, losses may equal the total amount of the Fund’s principal investment. Investments in structured vehicles, including equity and junior debt securities issued by CLOs, involve risks, including credit risk and market risk.

• The valuation of securities or instruments that lack a central trading place (such as fixed-income securities or instruments) may carry greater risk than those that trade on an exchange.

• Derivative investments have risks, including the imperfect correlation between the value of such instruments and the underlying assets of the Fund.

• The Fund may be materially adversely affected by market, economic and political conditions and natural and man-made disasters, including pandemics, wars and supply chain disruptions, globally and in the jurisdictions and sectors in which the Fund invests.

• Non-U.S. securities may be traded in undeveloped, inefficient and less liquid markets and may experience greater price volatility and changes in value—changes in foreign currency exchange rates may adversely affect the U.S. dollar value of and returns on foreign denominated investments.

• The Fund may borrow money, which magnifies the potential for gain or loss on amounts invested, subjects the Fund to certain covenants with which it must comply and may increase the risk of investing with the Fund.

• To qualify and remain eligible for the special tax treatment accorded to RICs and their shareholders under the Code, the Fund must meet certain source-of-income, asset diversification and annual distribution requirements, and failure to do so could result in the loss of RIC status.

Securitized Products are financial instruments created by pooling debt assets—such as mortgages, auto loans, or credit card receivables—and selling shares of these cash flows to investors. As bonds backed by these specific, often collateralized, cash flows, they may offer investors diversification and higher yields than traditional fixed income. Common types include Residential Mortgage-Backed Securities (RMBS), Asset-Backed Securities (ABS), Commercial Mortgage-Backed Securities (CMBS) as well as collateralized loan obligations (CLOs).

Asset-Backed Investments include private asset-backed finance investments and traded structured credit products. Asset-Backed Investments are backed by a tangible asset or by a pool of contractual payments or receivables, which serve as collateral if the borrower is unable to fulfill their obligation to repay.

Main Street is a colloquial term that broadly refers to the ecosystem of the more localized economy, including assets such as housing, smaller businesses, individual borrowers, and consumers. It contrasts with Wall Street, which colloquially refers to larger national or global corporations and borrowers.

The Fund is distributed by Quasar Distributors, LLC.

¹ Although the Fund intends to implement a quarterly share repurchase program, there is no guarantee that an investor will be able to sell all of the Common Shares that the investor desires to sell. The Fund should therefore be considered to offer limited liquidity.

² All information found herein, including AUM, is unaudited and estimated as of May 1, 2026, and includes committed but uncalled capital.

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