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This fund is now closed. Learn more about our open fund.

Click here for more info or contact us for closed end SMA by clicking here

This fund is now closed. Learn more about our open fund.

Click here for more info or contact us for closed end SMA by clicking here

Investment Objectives

The Fund is focused on the preservation of investor capital via appropriately geared and robustly structured senior secured loans. It aims to further ensure capital protection via a well‐diversified portfolio of senior credit exposures, whilst providing quarterly investment cash (subject to cash availability) returns.

Investment Objectives

The Fund is focused on the preservation of investor capital via appropriately geared and robustly structured senior secured loans. It aims to further ensure capital protection via a well‐diversified portfolio of senior credit exposures, whilst providing quarterly investment cash (subject to cash availability) returns.

Investment Strategy

The Fund provides direct mediumterm senior secured loans to midmarket corporate borrowers which are registered in Australia or New Zealand or where a material part of the borrower’s business is in Australia and /or New Zealand. Selection is based on activity in the corporate credit market underpinned by the individual strength of each opportunity, whilst focusing on the diversity of borrowers, industries and asset classes. The loans are typically for 3-4 years, highly structured with comprehensive set of financial covenants, regular financial and business KPI reporting, robust security package, bank standard documentation (APLMA); and are monitored  through hands on portfolio management.

Investment Strategy

The Fund provides direct mediumterm senior secured loans to midmarket corporate borrowers which are registered in Australia or New Zealand or where a material part of the borrower’s business is in Australia and /or New Zealand. Selection is based on activity in the corporate credit market underpinned by the individual strength of each opportunity, whilst focusing on the diversity of borrowers, industries and asset classes. The loans are typically for 3-4 years, highly structured with comprehensive set of financial covenants, regular financial and business KPI reporting, robust security package, bank standard documentation (APLMA); and are monitored  through hands on portfolio management.

Fund Facts

Fund Type: Unlisted close‐ended Australian wholesale managed investment scheme

Eligible Investors: Wholesale Clients (as defined in Corporations Act 2001 (Cth)

Minimum Investment: Closed to new investments

Investment Mandate: Loans to corporate borrowers in Australia and New Zealand

Targeted Returns: 12% net (with 10% preferred return to investors)

Distribution frequency: Quarterly 7% pa (subject to available funds)

Reporting: Quarterly

Trustee: AMAL Trustees Pty Limited

Manager: DCF Asset Management Pty Limited

Fund Auditor: EY

Fund Administrator: MUFG Investor Services

Management + Other Fees: 1.0% of drawn commitment. Performance fees after a preferred 10% return to investors.

Fund Facts

Fund Type: Unlisted close‐ended Australian wholesale managed investment scheme

Eligible Investors: Wholesale Clients (as defined in Corporations Act 2001 (Cth)

Minimum Investment: Closed to new investments

Investment Mandate: Loans to corporate borrowers in Australia and New Zealand

Targeted Returns: 12% net (with 10% preferred return to investors)

Distribution frequency: Quarterly 7% pa (subject to available funds)

Reporting: Quarterly

Trustee: AMAL Trustees Pty Limited

Manager: DCF Asset Management Pty Limited

Fund Auditor: EY

Fund Administrator: MUFG Investor Services

Management + Other Fees: 1.0% of drawn commitment. Performance fees after a preferred 10% return to investors.

Fund Status

The investment period of the fund has ended. APDF is currently running at gross yield above its target return and aims to return the LP capital as portfolio loans are repaid. For queries for investment in similar strategy in future, please get in touch with us here 

Fund Status

The investment period of the fund has ended. APDF is currently running at gross yield above its target return and aims to return the LP capital as portfolio loans are repaid. For queries for investment in similar strategy in future, please get in touch with us here 

RESEARCH REPORTS

APDF is rated “Recommended” by BondAdviser.  To download a copy please click here insert new link & logo

RESEARCH REPORTS

APDF is rated “Recommended” by Bond Adviser.  To download a copy please click here  insert new link & logo