TermPlus aims to provide everyday Australian investors with stable, attractive monthly income, offering a simple and stress-free way to achieve competitive returns via access to a highly-diversified, multi-manager, multi-strategy, portfolio of global private credit funds managed by highly rated private credit fund managers primarily in the US, and Europe.
TermPlus accounts offer better target rates for monthly income payments, which can be paid to your bank account, or reinvested.
TermPlus accounts also have three distinct layers of protection, underpinned by a ‘Support Account’ (an investment from Pengana), with the objective of offering stability of capital, reliability of income, and customer confidence.
Get better returns from your savings with our range of online term accounts.
* The above quoted Target Rates are those current as at today and are merely objectives, which may change during the course of the Term. Please refer to the Product Disclosure Statement (‘PDS’) for TermPlus for an explanation of the Target Rates and other terms used on this website. Any revised Target Rate for each Term will be detailed on the website: www.termplus.com.au. There is a risk that TermPlus may not be successful in achieving the Target Rates. The Target Rates are calculated off the RBA Cash Rate plus a fixed percentage spread. The RBA Cash Rate can change from time to time. An investment in a Term Account is not a bank deposit or a term deposit with a bank.
It's About Term!
Earn up from the cash rate
Our Target Rates are variable over the course of the Term, linked to the RBA cash rate plus a fixed spread.
Choose how you’re paid
Have your monthly Income paid to your bank, or reinvest it for compound returns. It’s all too easy.
Compound your earnings
Built-in layers of account protection
We support your Term Accounts with 3 distinct built-in layers of protection.
Pengana Capital Group
TermPlus is brought to you by Pengana Capital Group, with over 20 years of experience in delivering distinct and differentiated investment strategies for high-yield outcomes, across a variety of Australian and Global sectors.
Mercer Australia
We have engaged global investments leader, Mercer, to provide TermPlus with access to a diversified portfolio of some of the best global private credit opportunities available.
THE TEAM
Russel Pillemer
CEO
Pengana Capital Group
Nehemiah Richardson
CEO
Pengana Credit
Dean Weinbren
Managing Executive
Keith McLachlan
COO
Mirjana Crnjak
CFO
Nick Griffiths
CIO
Pengana Capital Group
Adam Rapeport
CIO Pengana Credit
Paula Ferrao
Executive Director and Company Secretary
Gloria Win
Head of Investment Operations
Stephanie Doran
Operations Manager
Fund Facts
Income Frequency
Monthly
Income format
Pay to your bank or reinvest for compounding returns
Income Accrual
Daily
Terms
1, 2, or 5
Minimum investment
$2,000
Types of Accounts
Personal, Joint, Company, Trusts, SMSF, Child Accounts
Entry/Exit Fees
Nil
RATINGS
Lonsec Investment Grade Rating
Bondadviser Approved | Stable Rating
Finder People's Choice Winner 2025
Finder Investment Innovation Finalist 2025
Fintech Awards 2025 FInalist
FinTech & Banking Awards 2025 Finalist
Finder Awards 2024 Finalist
AWMA25 Seals Finalists Best Fund Manager - Fixed Income
AWMA25 Seals Finalists Best Fund Manager - Private Credit
AWMA25 Seals Finalists Innovator of the Year - Funds Management
AWMA25 Seals Finalists Innovator of the Year - Wealth Tech
REPORTS AND RESOURCES
- Resources
- Education
NEWS AND INSIGHTS
Private credit is booming, here’s what investors need to know
https://www.youtube.com/watch?v=UHAhJ6XxQz4 Private credit has nearly tripled in 10 years, but most investors still don’t really know what it is or...
- Pengana Diversified Private Credit Fund
- Private Credit
- Pengana Global Private Income Fund
- TermPlus
- Pengana Global Private Credit Trust
- Press Release
Diversification critical in private credit due to unpredictable dynamics in markets
Diversification in private credit investing is becoming more important for income investors, due to unpredictable dynamics in financial markets coupled...
Is private credit resilient as the US economy splits in two?
https://www.youtube.com/watch?v=JF3zhJYTzo4&t=1s Is the US economy a mess? With markets feeling noisy and uncertain, this conversation with Nehemiah Richardson offers...
Pengana Capital Limited (ACN 103 800 568, AFSL 226566) (“Pengana”) is the issuer of units (“Term Accounts”) in TermPlus (ARSN 668 902 323) (“TermPlus”). The offer of Term Accounts in TermPlus will be made in the Product Disclosure Statement for TermPlus (“PDS”) which can be obtained by contacting TermPlus on 1300 883 881 or from www.termplus.com.au. A person who is considering investing in TermPlus should obtain a copy of the PDS and should consider the PDS carefully and consult with their financial adviser to determine whether TermPlus is appropriate for them before deciding whether to invest in, or to continue to hold, Term Accounts in TermPlus. A Target Market Determination for TermPlus is available at www.termplus.com.au. This document was prepared by Pengana and does not contain any investment recommendation or investment advice.
This document has been prepared without taking into account any person’s investment objectives, particular needs or financial situation. It is general information only and should not be considered investment advice and should not be relied on as an investment recommendation. Before acting on any information contained within this document a person should consider the appropriateness of the information, having regard to their objectives, financial situation and needs.
Certain expressions used in this website have defined meanings which are in the PDS.
Mercer Consulting (Australia) Pty Ltd (MCAPL) ABN 55 153 168 140, Australian Financial Services Licence #411770.
‘MERCER’ is a registered trademark of Mercer (Australia) Pty Ltd ABN 32 005 315 917.