Partners Group Global Income Fund
Partners Group has listed a new fund on the Australian Stock Exchange - Partners Group Global Income Fund (ASX code: PGG) - which aims to provide investors access to income through investing in global private debt investments.
The fund will target a cash distribution of the RBA Cash Rate plus 4% per annum net of fees, costs and taxes, paid monthly.
It will invest across three private debt strategies, including first lien (60 to 100 per cent), second lien and subordinated loan (zero to 20 per cent), and special situations strategies (zero to 20 per cent). It will also allocate investments across the US, Europe and Australia.