Arbitrium Credit Partners Fund (Pooled Series)
INVESTMENT OBJECTIVE
The investment objective of Arbitrium Credit Partners Fund Class ("the Fund') is to outperform the Reserve Bank of Australia Overnight Cash Rate by 600 basis points per annum through investment in opportunistic, stressed, or distressed loans to mid-market Australian corporates.
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The Funds’ investment strategy is focused on lending to stressed and distressed mid-market corporate loans and is well placed to assist corporates going through such periods of financial stress or distress. The Fund invests in debt secured by collateral (property, plant and equipment, cash, receivables), including senior secured loans, subordinated secured loans, uni-tranche loans, and hybrid (convertible) loans. The Fund invests in pre-restructure and post-restructure debt, subject to our assessment. The Fund aims to enhance the returns from instruments such as equity warrants, convertible notes and exit fees.
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This fund is a close-ended fund and illiquid in nature.
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Arbitrium Credit Partners Fund (Liquid Class)
INVESTMENT OBJECTIVE
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The investment objective of the Fund is to outperform the Reserve Bank of Australia Overnight Cash Rate by 600 basis points per annum through investment in opportunistic, stressed, or distressed loans to mid-market Australian corporates.
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At least 80% of this liquid class will be committed to invest into the Pooled Series of the Fund, and 100% – 20% into a liquid portfolio of cash, cash equivalents, senior investment grade credits < 12 months, government bonds. With cash and cash equivalents always representing 20% of the liquid portfolio.
This fund is an open ended fund and is aimed at providing investors with liquidity. Redemptions are available after a 12-month lock-up. Redemptions are available at each calendar quarter end, subject to a 30-day notice period and subject to Total redemptions being less than 5% of AUM. If redemption requests are greater than 5% for any given quarter redemptions will be pro-rated.