BondBloxx Secures $27M Funding to Expand Fixed Income ETFs
Slice of Finance Team
11/04/2024
Key Highlights:
- $27M capital raised led by Macquarie Asset Management.
- BondBloxx strengthens position as a leader in fixed income ETFs.
- Plans to expand ETF lineup and client solutions team.
- Launching a private credit CLO ETF, a first in the industry.
Source: Business Wire
Quotes
“ “This is an exciting time for the BondBloxx team and our clients as we continue our mission to transform the bond market through the power of ETF technology.” ”
Leland Clemons, Founder & CEO at BondBloxx
Our Take:
BondBloxx’s $27 million capital raise highlights the momentum in fixed income ETFs and the firm’s strategic direction toward innovative solutions, like the upcoming private credit CLO ETF. The sustained high inflows into fixed income ETFs underscore a shifting preference among investors, presenting a significant growth area. By strengthening its partnership with Macquarie, BondBloxx is well-positioned to capture the expanding interest in bond ETFs and continue its path as a pioneering force in fixed income investment solutions.
