Strengthen Your Portfolio with Global Private Credit Diversification
The Pengana Range of Global Private Credit Funds
Unparalleled access points to a professionally constructed portfolio of high-quality global private credit investments.
Our Solutions to global private credit investing
Our different access points cater to different investor needs, from wholesale investors seeking diversification to everyday Australians looking for stable monthly income.
Wholesale
Fund
A diverse, professionally managed portfolio of global private credit investments.
ASX Listed
Investment Trust
Unparalleled access to global private credit via the ASX. A listed fund with unlisted characteristics.
Retail Term
Accounts
TermPlus leverages global private credit to deliver competitive floating target rates and monthly income payments.
Monthly
Income Fund
A monthly income fund powered by access to diversified and highly rated global private credit markets
Key Features OF GLOBAL PRIVATE CREDIT
Diversification
Investing in a global private credit portfolio allows investors to diversify their portfolio across various sectors and geographical regions, reducing risk.
Higher historical returns
Investors in global private credit receive a return premium, which is typically floating rate, over traditional fixed income.
Inflation protection
Private credit investments can provide a hedge against inflation as the underlying assets are predominantly floating-rate investments.
Illiquidity premium
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.
Lower correlation
with public markets
Flexibility
Private credit investments offer a wide range of investment options, providing flexibility to investors.
Capital Resilience
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’S ROLE
Mercer has been appointed as investment consultant 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.
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...
- TermPlus
- Private Credit
- Pengana Global Private Income Fund
- Pengana Global Private Credit Trust
- Pengana Diversified Private Credit Fund
- 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...
Mercer insights
Issued by Mercer Consulting (Australia) Pty Ltd – Available for Financial Advisers only.
1. Past performance is not a reliable indicator of future performance. The value of investments can go up and down. Investments in alternatives involve substantial risk,including strategy risks,manager risks, market risks, and structural/operational risks,and may result in the possible loss of your entire investment. In respectof return, volatility and correlations: returnsin USD over a 10 year periodfrom 1 July 2013 to 30 June 2023.Sources: S&P (S&P 500 Total ReturnIndex), Bloomberg (Bloomberg US Corporate TotalReturn Value Unhedged USD), Burgiss (Burgiss – Private Debt(North America)), andThomson Reuters Datastream (ICE BofAML US High Yield Master II, S&P Leveraged Loan). S&P, Bloomberg, Burgiss and ThomsonReuters have not provided consentto the inclusion of statements utilising their data. No assurance can be given that any investment will achieve its objectives or avoid losses. Pengana Capital Limited (ABN 30 103 800 568, AFSL 226566) (“PCL”) is the issuer of units in TermPlus (ARSN 668 902 323).Pengana Investment Management Limited (ABN 69 063 081 612, AFSL 219462) (“PIML”) is the issuer of units in PCX (ARSN 673 024 489). The offer of each of TermPlus and PCX is made in a PDS which can be obtained by contacting PCL or PIML (collectively, “Pengana”) on (02) 8524 9900. A person who is considering investing in TermPlus or PCX should obtain a copy of the PDS and should consider the PDS carefully and consult with their financial adviser to determine whether TermPlus or PCX is appropriate for them before deciding whether to invest in, or to continue to hold, the units, A Target Market Determination for each of TermPlus and PCX is available at www.pengana.com.au. Pengana and their representatives are not able to provideyou with any personal financial advice. Any information that is provided by Pengana has been prepared without taking account of your objectives, financial situation or needs. Therefore, before acting on any of this information you should consider the appropriateness of the information for your situation.. Mercer Consulting (Australia) Pty Ltd (MCAPL)ABN 55 153 168 140, Australian FinancialServices Licence #411770. ‘MERCER’ is a registered trademark of Mercer (Australia) Pty Ltd ABN 32 005 315 917.