360 Capital Credit Income Fund

360 Capital Group has launched a new credit fund - the 360 Capital Credit Income Fund - that will invest in private credit opportunities in Australia and New Zealand.

The fund aims to invest in a portfolio of Australian and New Zealand corporate loan assets through the following loan strategies: senior secured loans (target 85 per cent); subordinated and mezzanine loans (target 10 per cent); and enhanced return strategy (target 5 per cent). It is seeking to raise between $150 to $200 million in its initial offer of stapled units (open until 13 September 2020) and will offer initial investors a guaranteed return of 2.5 per cent annualised for the first year.

The fund is targeting a return of 4 per cent per annum above the RBA Cash Rate (net of fees and costs) and will be distributed by Cambridge Investment Partners.

360 Capital 360 Capital Credit Income Fund Launched on 13 May 2020 Designed for retail and wholesale investors. Find out more This report is informational only in nature. Industry Moves neither recommends nor endorses this product/service.

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