Alpstar Capital, a European asset manager and investment adviser, has launched the Alper European Credit Fund.

The fund is a more mainstream and diversified version of the company's original long only loan fund, first seeded in early 2008.

"We have decided to tightly focus our flagship product to better meet investor demand for a dedicated European credit fund," says Bertrand Pinel, partner and chief executive. “Diversification of assets, good liquidity and a European focus were at the top of their list. Our new fund not only answers that, but makes full use of our extensive credit knowledge in these markets.”

The fund, which has European credit as a core focus, includes a 1.5 per cent management fee, a 15 per cent performance fee, and monthly liquidity. A quarterly dividend distribution is optional.