BondBloxx, a Larkspur, CA-based provider of bond ETFs, raised $27M in funding.
The round was led by Macquarie Asset Management, which maintains its minority stake in the company, with participation from other new and existing financial investors.
The company intends to use the funds to expand operations and its development efforts.
Led by Founder and CEO Leland Clemons, BondBloxx Investment Management Corporation is an ETF issuer to focus solely on fixed income, offering a range of exposures spanning U.S. Treasuries, investment grade, high yield, tax-aware strategies, and emerging markets bonds.
The firm launched its first ETFs in February of 2022 and has since emerged as one of the fastest-growing independent providers of ETFs. BondBloxx now has more than $3.4 billion in assets across 24 bond funds. In September, they filed for approval to launch what will be a first-of-its-kind private credit CLO ETF, which will be sub-advised by Macquarie Asset Management.
FinSMEs
30/10/2024