The Pengana Diversified Private Credit Fund offers wholesale investors unparalleled access to a professionally constructed portfolio of high-quality global private credit investments.
The Fund is supported by Mercer’s investment advisory team who, along with the responsibility of sourcing, research and due diligence of underlying managers, bring local and global footprint, access and investment expertise.
Key Features OF GLOBAL PRIVATE CREDIT
Investing in a global private credit portfolio allows investors to diversify their portfolio across various sectors and geographical regions, reducing risk.
Investors in global private credit receive a yield premium, which is typically floating rate, over traditional fixed income.
Private credit investments can provide a hedge against inflation as the underlying assets are predominantly floating-rate investments.
Private credit investments are often illiquid, which can lead to a higher return compared to traditional fixed income, as compensation for the lack of liquidity.
with public markets
Private credit investments offer a wide range of investment options, providing flexibility to investors.
Global private credit assets are predominantly secured loans underpinned by contractual agreements with borrowers, which may result in lower default rates and higher recovery rates relative to other credit alternatives.
access toP-RATED MANAGERS
The Fund provides exposure to top-rated managers with strong track records and sustainable competitive advantages.
Long-term investment horizon
Private credit investments typically have a long-term investment horizon, providing an opportunity for investors to achieve strong long-term returns.
Mercer has been appointed as investment advisor and is primarily responsible for underlying manager sourcing, research, and due diligence. All underlying managers identified by Mercer are rated by Mercer’s global research team and have undergone operational risk assessments, which provides an additional level of governance. Mercer also provides assistance with portfolio construction, Underlying Manager monitoring, valuation, performance measurement and asset and liability modelling.
To generate strong risk adjusted returns via exposure to a diversified portfolio of global private credit investments, liquid credit investments and cash.
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
3-year lock-up based on investment date
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
Three months before the end of a Quarter
Minimum Initial Investment
Minimum Additional Contribution
20% of returns above the Hurdle
RBA Official Cash Rate + 6% p.a. with a floor of 7.5% p.a.
ENTRY/ EXIT FEES:
*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 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...