Revolution Wholesale Private Debt Fund II
Revolution Asset Management has launched its second fund - the Revolution Wholesale Private Debt Fund II (Underlying Fund) - which will provide investors indirect exposure to the Australian and New Zealand private debt market.
The fund will invest in the Australian and New Zealand leveraged loan (private company debt and leveraged buyout debt), commercial real estate loan and asset backed securities (ABS) markets through investment in the Revolution Private Debt Fund II (underlying fund). The underlying fund will target a return of the RBA cash rate plus 4 per cent to 5 per cent per annum (gross of fees and expenses).
The fund has an open-ended structure with quarterly application and redemption dates. The minimum investment is A$100,000 with further increments of A$25,000 to cater to wholesale and sophisticated investors.