MacKay Shields Intermediate Bond Fund LP’s indefinite exempt offering has sold $690,410,000 in limited Partnership interests, while the total offering amount remains indefinite. Investors receive disclosed terms on the fund’s offering, including four investors, a $1,000,000 minimum Investment and $850,000 in sales compensation.

Key Highlights

  • MacKay Shields LLC serves as investment manager, while Mackay Shields Intermediate Bond Fund GP LLC is the general partner.
  • The limited partnership interests carry a $1,000,000 minimum investment.
  • NYLIFE Distributors LLC is listed in connection with $850,000 in sales compensation.

MacKay Shields Intermediate Bond Fund LP’s indefinite exempt offering has sold $690,410,000 in limited partnership interests, while the total offering amount remains indefinite.

Offering Terms and Fund Structure

The September 3, 2026 notice identifies MacKay Shields Intermediate Bond Fund LP as a Delaware limited partnership based at 299 Park Avenue, 32nd Floor, New York, New York 10,171. Both entities share the same 299 Park Avenue, 32nd Floor, New York, New York 10,171 address. The interests have a $1,000,000 minimum investment. Four investors are listed, while $850,000 is recorded as sales compensation. The notice also states that the investment manager shares part of its management fee with one or more Placement agents. Those agents may receive other fees, including sales loads, payable directly to them outside the fund and not deducted from investment amounts.