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.
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.
WHITEPAPER
Global Private Credit in a Changing Capital Market
Why the growth in global private credit is structural, not tactical
Redemption caps, discounts to NAV, software credit stress. Our latest whitepaper sets out a practical framework for reading the headlines and building genuine diversification. Owning private credit is not enough. Owning it well is the real task.
This Whitepaper includes:
- A four-question framework for assessing any private credit headline
- The three dimensions of a genuinely diversified allocation: manager, strategy, and structural diversification
- Current default and recovery data in context
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
Alexandra Price
Private Credit Analyst
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 Finalist Best Fund Manager – Fixed Income
AWMA25 Finalist Best Fund Manager – Private Credit
AWMA25 Finalist Innovator of the Year – Funds Management
AWMA25 Finalist Innovator of the Year – Wealth Tech
Best Fund Manager – Fixed Income
Innovator of the Year – Funds Management
REPORTS AND RESOURCES
- Resources
- Education
NEWS AND INSIGHTS
Pengana Takes Home Two Wins at the 2026 Australian Wealth Management Awards
Pengana Capital Group has been recognised with two awards at the 2026 Australian Wealth Management Awards for Best Fund Manager...
Pengana’s Weinbren on journey to $4bn AUM milestone
Pengana Capital Group executive Dean Weinbren has shared what he believes contributed to the fund manager’s rise to $4 billion...
Pengana Named Finalist in Two Categories at the Fund Manager of the Year Awards
We are honoured to have been named a finalist in “Private Equity" for the “Pengana Private Equity Trust” and also...
The issuer of units (Term Accounts) in TermPlus (ARSN 668 902 323) is Pengana Capital Limited (Pengana) (ABN 30 103 800 568, AFSL 226 566). Any advice provided is general in nature and does not take into account your particular objectives, financial situation or needs. You should consider the PDS and TMD before investing in TermPlus.
# Any reference to a target rate is a reference to the investment objective for the relevant account option in TermPlus, which may vary during the term. Importantly, target rates are not guaranteed, and any investment is subject to investment risks. Any forecasted returns may not reflect actual performance, and past performance is not a reliable indicator of future performance.
Pengana is not a bank and is not regulated by the Australian Prudential Regulation Authority. Investing in TermPlus is not the same as depositing money with a bank. For further details, please see the Important Information page on our website.
Mercer Consulting (Australia) Pty Limited (ABN 55 153 168 140, AFSL 411 770), which is a wholly owned subsidiary of Mercer (Australia) Pty Ltd (ABN 32 005 315 917) (Mercer Australia) collectively referred to as Mercer. References to Mercer shall be construed to include Mercer LLC and/or its associated companies. ‘MERCER’ is a registered trademark of Mercer Australia.