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BlueMountain Capital Management has launched the Blue Mountain Corporate Loan Fund (the Fund) which began trading on March 16, 2009. The BlueMountain Corporate Loan Fund is designed to capitalize on opportunities in senior secured loans of high yield issuers, also known as leveraged loans, and will have a US geographical focus. The Fund is the first in a series of new vehicles that BlueMountain plans to launch in 2009 to take advantage of opportunities presented by the current credit market environment.

“In today’s extremely stressed market conditions, deleveraging and redemptions have resulted in higher quality assets trading below fundamental value due to indiscriminate liquidations – creating outstanding opportunities in asset classes such as corporate loans and bonds,” said Stephen Siderow, president. “While the market dislocation may not be resolved soon, with patient capital and careful credit selection, these asset classes will generate superior returns over the next three to five years.”

The portfolio will be constantly reinvested in the deepest value loans, maximizing returns over time for all participants. BlueMountain will seek to unwind the fund when the opportunities presented by the current market uncertainty have ebbed. Investors may, however, choose to exit the Fund at any time after a two year initial commitment. The Fund will manage redemptions though a highly innovative segregation and liquidation process that combines the reduced co-in......................

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