Australian asset administration agency Channel Capital has launched a European personal credit score fund focused at Australian wholesale traders.
The West Road European personal credit score fund utilises Goldman Sachs Asset Administration’s (GSAM’s) European personal credit score technique, and goals to ship risk-adjusted returns by means of publicity to immediately originated senior secured debt.
The fund will give attention to high-quality, mid-to giant cap firms with secure money flows and main market positions in recession-resilient industries similar to healthcare and software program.
Learn extra: Channel Capital Advisors launches asset-backed personal credit score technique
The fund shall be managed by Channel Capital, and marketed to retail traders, with a minimal buy-in of AUS$100,000 (£51,727.25). It presents month-to-month purposes and redemptions.
“Removed from being a distinct segment asset class, European personal credit score presents publicity to a deep pool of main world companies,” stated Luke Mandekic, co-head of distribution at Channel Capital.
“Many giant European firms throughout the portfolio generate a good portion of their revenues from exterior Europe, including to portfolio diversification. The European personal credit score market is quickly rising, pushed by the demand for various financing sources, making a dynamic atmosphere for traders.
“The West Road European personal credit score fund gives a pretty alternative for Australian traders to entry a diversified portfolio backed by GSAM’s cycle-tested personal credit score platform, which leverages the in depth community and sourcing capabilities of Goldman Sachs.”
Learn extra: Australian pension allocates £208m to non-public credit score fund
The fund is backed by GSAM, which has one of many largest personal credit score platforms on this planet with greater than US$110bn (£84.43bn) in belongings throughout direct lending, mezzanine debt, hybrid capital and asset-based lending methods.
“We have now been an energetic investor in European personal credit score since 1996 and proceed to see the market as a supply of returns for traders,” stated James Reynolds, world head of direct lending at GSAM.
“Australian traders are more and more taken with personal credit score alternatives internationally and thru this fund from Channel Capital, they’ll be capable to entry the direct lending markets in Europe for diversification.”
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