PERFORMANCE
- CHART
- TABLE
Fund Facts
Investment Objective
To generate strong risk adjusted returns via exposure to a diversified portfolio of global private credit investments, liquid credit investments and cash.
Target Return
RBA Official Cash Rate + 7 – 9% p.a. in Australian Dollars, generated over a rolling 5 year investment horizon.
Target Annual Distribution
Minimum of 50% of the annual Fund return in cash
Application Frequency
Monthly
Term
3-year lock-up based on investment date
Redemption Frequency
Quarterly redemptions at each Quarter end after a 3-year lock-up Term, subject to conditions as set out in Section 5.2.3 of the IM
Redemption Notice
Three months before the end of a Quarter
Minimum Initial Investment
$500,000
Minimum Additional Contribution
$100,000
Pricing Frequency
Quarterly
Management Fee*
1% p.a.
Performance Fee*
20% of returns above the Hurdle
Hurdle
RBA Official Cash Rate + 6% p.a. with a floor of 7.5% p.a.
Distribution Reinvestment
Yes
ENTRY/ EXIT FEES:
Nil
*Fees are stated inclusive of GST and net of RITC. For more information, refer to the Fund’s Information Memorandum available under the Reports & Resources section.
REPORTS AND RESOURCES
NEWS AND INSIGHTS
Pengana Credit launches inaugural diversified global fund
By Rhea Nath - Money Management - original article Pengana Capital Group has announced the launch of its first diversified...
Pengana launches first global private credit fund
Adviser Voice - original article Pengana Capital Group has opened its first diversified global private credit investment fund for Australian...
Pengana places $200m investment from Washington H Soul Pattinson
By David Ross - The Australian - original article Pengana Private Credit boss Nehemiah Richardson is confident continued global volatility...