Our Research

Unlisted Managed Investment

Managed Investments – Research for this sector is provided a 12 months basis and is published quarterly. Our research is based upon a rating system. Our rating system is discussed separately. Our research profiles includes managed investments both in the listed and unlisted sector which includes listed investment companies, exchange traded funds and exchange traded companies. IIR is plays an important role in raising awareness for the investment industry by profiling these investments on a quarterly basis.

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March 2, 2021

iPartners Investment Fund – Diversified Portfolio of Private Credit, Asset Backed Debt, Property Debt and Private Credit Funds

The Fund is one of the more attractive propositions this analyst has seen in the asset class. we believe it is very well positioned to capitalise on the private debt premia, which compromises three components: 1) an illiquidity premium, 2) a complexity premium, and, 3) and a supply / demand premium....
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March 2, 2021

PMAC Trust – Provides Exposure to a Diversified Portfolio of Loans to Commercial Borrowers

The Trust is an attractive income play and also a thematic play on the continuing evolution of the Australian non-ADI lending market. Non-ADI (private debt) lenders continue to take an increasing share of the overall market due to the unwillingness / inabilities of banks to extend certain loans...
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May 31, 2020

360 Capital Credit Income Fund

The Fund is targeting return of at least RBA Cash plus 4.0% p.a. (currently 4.25% p.a.) paid monthly. Distributions will be paid monthly commencing June 2020 with a Guaranteed Return until 13 May 2021 of 2.50% p.a (net of fees and costs)....
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May 31, 2020

360 Capital Active Value Equity Fund

The portfolio will build over times as opportunities present, with the Manager targeting 10-20 companies that can: deliver >5%p.a. average NPAT growth, and have, or can achieve, >12.5% ROIC....
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May 31, 2020

Federation Alternative Investments Fund

The Fund is an unlisted unit trust issued in December 2018 that focuses its investments in three key sectors, renewable energy, real estate, and private equity...
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May 31, 2020

IIR Insight: Australian Lower Mid-Market Private Lending

Private debt offers several advantages over the traded subinvestment grade markets of high yield bonds and bank loans (public debt). These include more detailed due diligence information, senior investments benefiting from security over assets, lower marked to market volatility and higher returns...
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February 11, 2020

Moelis Australia Private Credit Fund –

The Manager has a very proactive approach to structuring and managing its credits. It facilitates this by being either the sole-lender or, in the case of syndicated corporate loans, being the lead or co-lead lender. This provides for greater transparency and deal control, with the potential to structure more favourable pricing...
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February 11, 2020

Moelis Australia Secured Loan Series – Class A and Class B

The Manager is targeting a distribution yield of 6.0% p.a. net of fees for Class A and 10.0% p.a. net of fees for Class B. IIR stresses that all loans will be first mortgage and subject to exactly the same due diligence processes which have held the Secured Loan Series in good stead to date....
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May 20, 2019

Moelis Australia Fixed Income Fund

Moelis Australia is particularly well placed to identify, pursue, manage and deliver on specific credit investment initiatives capable of delivering attractive through-cycle, risk-adjusted returns with strong downside protection. The Moelis Australia Fixed Income Fund (“the Fund”) is a newly established Australian wholesale unit trust and provides its investors with exposure to a diversified portfolio of credit investments in a unique fund structure....
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