La Trobe Financial has launched its La Trobe US Private Credit Trust – the first in its Global Asset Series – with an initial investment amount of AUD $130 million.
La Trobe Financial’s Chief Investment Officer, Mr Chris Paton said, “The launch of the La Trobe US Private Credit strategy and its successful initial investment demonstrates the importance of offering to the Australian market unique investment strategies which deliver attractive risk-adjusted returns. As investors continue to deal with volatility in markets, the ability to access products backed by defensive, diversified portfolios of high-quality assets can make a meaningful difference to investment portfolios.”
The La Trobe US Private Credit product is available for wholesale investors through direct investment or platform, with the initial investment to be followed by monthly subscriptions.
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The product seeks to deliver an annualised distribution yield of at least 9% per annum net of fees, with distributions paid monthly. It is backed by a defensive portfolio of directly originated, senior secured loan assets issued to US middle market companies, owned by some of the world’s largest private equity firms.
The launch of La Trobe’s Global Asset Management strategy represents an important milestone for the business, strengthening its position as Australia’s flagship alternative asset manager.
Paton said, “Over seven decades, we have demonstrated our dedication to delivering and providing value for our borrowers and investors. We have developed and brought to market high quality, best-in-class offerings, and we remain as committed as ever to delivering a suite of the highest quality global strategies for our investors and adviser partners. We are excited that we can bring a unique strategy to market alongside one of the world’s largest financial institutions in Morgan Stanley, and look forward to introducing further strategies to market in the near future.”