The asset management giant is the latest investor to buy a sizeable stake in the fund following a restructuring of the portfolio to balance sheet lending exposure.
AXA Investment Managers is the latest asset manager to build up a stake in the £292m VPC Specialty Lending Trust.
The investment of AXA which runs a number of multi-asset funds bought a 5.2 per cent stake in the trust, which invests in loans originated by balance sheet lenders in June.
Not long after the purchase of shares in the trust, Schroders, another asset manager, also bought a 5.2 per cent stake.
Embattled fallen star of the UK investing scene, Neil Woodford had to exit his entire holding in the VPC Specialty Lending fund recently to meet redemptions. Woodford owned 16.43 per cent of VPC Specialty Lending, equating to £49m