The Credit Opportunities Fund (“COF” or “the Fund”) Targeting opportunities with Australasian mid-market companies, COF will offer a range of yield-driven products to borrowers across a broad range of industry sectors.
Alternative credit (also known as “private debt”) is a well-known alternative asset around the globe and constitutes ~10-12% of all alternatives in a well-diversified investment portfolio , as it has a low correlation to equity markets. In Australia such assets have been difficult to source by investors due to the stranglehold held by the major banks on company lending. The Manager has identified niches in this market where good quality corporate borrowers are under-served by the banking community and strong returns are available for intelligent investment.
On offer to wholesale and professional investors is an attractive monthly cash yield, combined with annual payment of excess returns. FCFM is receiving interest for a A$150million fund.