Income Tailwinds
Attractive industry & market tailwinds, with growing addressable market
Target Distribution Return
9% p.a*
(Annualised target yield, net of fees and expenses & before adjustments for FX rate fluctuations.)
Unit Price (as at 30/9/2024)
$9.968982
Class A Inception Date
1 December, 2023
Overview
The US middle market is benefiting from the biggest investment tailwinds of the coming decades. This includes re-shoring of jobs and manufacturing to middle-America and the AUD$500+bn pledged by the US Government to support decarbonisation.
For the very first time, Australian investors can access this asset class through a strategy carefully curated by our product partners, Morgan Stanley.
The US Private Credit Fund indirectly invests into a defensive portfolio comprising a majority of directly originated senior secured loans issued to US middle market companies.
Note: This offer is exclusively for Wholesale investors.
Objectives
Quality Assets
Directly negotiated senior debt, majority or predominantly PE sponsored.
Quick Facts – Class A Units
Fund Inception
1 December 2023
Underlying Fund
LGAM Private Credit LLC
Target Distribution Rate
Annualised distribution yield of 9% p.a.*
Distributions
Monthly
Liquidity
Quarterly, generally up to 5% of Class A units#
Currency
AUD denominated - capital exposures hedged by La Trobe Financial on a best endeavours basis~
Management Fee
0.75%
Minimum Investment
$10,000 initial / $5,000 subsequent
Asset Class
Fixed Interest
Important information : This offer is for wholesale investors in Australia only. For the avoidance of doubt, these products are not intended to be sold to US Persons as defined under Regulation S of the US federal securities laws.
~ While the Responsible Entity intends to do this on a best endeavours basis, the Fund may not provide complete protection from adverse currency movements.
* This target yield is not a forecast, projection or prediction of the performance of the Fund. The Fund’s target yield is not and should not be seen as a statement about the Fund’s likely future performance and there is no guarantee that the performance of the Fund will achieve the target yield. The target distribution return is net of fees and costs but excludes any adjustments for FX rate fluctuations. The target return is reviewed monthly and may change. This is a target return only and may not be achieved.
# Redemption requests are generally processed on a quarterly basis in accordance with the Information Memorandum. Investors do not have a right to redeem and the Responsible Entity (RE) may reject redemption requests. The ability to redeem is subject to liquidity and the processing of redemptions may be delayed or suspended in certain circumstances. The RE will limit redemptions to up to 5% of the issued Class A Units each quarter. Redemption requests exceeding that limit may be accepted by the RE, pro-rated or scaled back to 5%. Please refer to the Information Memorandum for more details about redeeming Class A Units and how to submit a redemption request form.
How To Invest – Simply complete the application form attached to the Information Memorandum and forward this to [email protected].
La Trobe US Private Credit Fund and Underlying Fund Characteristics
As at 30 September, 2024.
Composition of Underlying Loan Assets
4As of 31 August, 2024, based on fair market value. No guarantee can be given that the Fund will be able to identify similar or comparable investment opportunities, or have the same overall composition as shown above, in future periods. The Fund’s portfolio composition is subject to change any time without notice as permitted by the Fund’s offering and governing documents, as may be supplemented and amended. Figures shown are unaudited and are rounded and therefore totals may not sum.
View the latest Fund Profile
How to Get Started
Information Memorandum
Download the Information Memorandum for Class A Units
Application Form
Complete the investor application form
Return to Us
Scan and email your application form to our investor team.
Contact us
We are always here to help. Talk to our friendly Asset Management team – 1800 818 898
~ While the Responsible Entity intends to do this on a best endeavours basis, the Fund may not provide complete protection from adverse currency movements.
* This target yield is not a forecast, projection or prediction of the performance of the Fund. The Fund’s target yield is not and should not be seen as a statement about the Fund’s likely future performance and there is no guarantee that the performance of the Fund will achieve the target yield. The target distribution return is net of fees and costs but excludes any adjustments for FX rate fluctuations. The target return is reviewed monthly and may change. This is a target return only and may not be achieved.
# Redemption requests are generally processed on a quarterly basis in accordance with the IM. Investors do not have a right to redeem and the Responsible Entity (RE) may reject redemption requests. The ability to redeem is subject to liquidity and the processing of redemptions may be delayed or suspended in certain circumstances. The RE will limit redemptions to up to 5% of the issued Class A Units each quarter. Redemption requests exceeding that limit may be accepted by the RE, pro-rated or scaled back to 5%. Please refer to the IM for more details about redeeming Class A Units and how to submit a redemption request form.