TCP Private Debt Income Fund
Aims to provide investors with attractive risk-adjusted returns with a focus on capital preservation. TCP seeks to deliver a differentiated asset class exposure compared to other offerings in the non-Investment Grade credit space.
Private credit typically has low correlation with other asset classes, is less volatile, and provides excellent diversification and yield benefits within a broader fixed income portfolio. To capitalise on this, the Fund seeks to gain exposure to a combination of Senior Loans and Subordinated Loans to protect the principal investment, while securing attractive risk-adjusted returns.
As a pure credit investor, TCP does not face the relationship or ancillary business pressures experienced by banks, which may be expected to participate in specific transactions. TCP’s investment policies and processes are set to ensure the primary investment objective of the Fund, capital preservation, is met while attracting above benchmark returns.
This will be achieved by maintaining rigorous bottom-up analysis on each credit to guide investment decisions, providing a framework for ongoing monitoring of existing investments and guiding the overall portfolio mix.
The investment process and portfolio allocation strategy employed by TCP targets a broad allocation to diversified industry exposures and avoids single customer concentrations. Not more than 15% of total capital commitments may be invested in any single investment and the Fund does not invest in distressed companies.
TCP’s investment team has significant credit market experience across Asia-Pacific major markets, as well as an early mover advantage in Australia and New Zealand. This allows the team to capture value from the growing supply-demand imbalance for credit and establish a market-leading position.
- Inception date30 September 2022
- Fund size at 31.10.2023$2.37 M
HOW TO INVEST
Investment can be made using the Fund’s PDS or through key platforms, including:
- AMP MyNorth
- Mason Stevens