Revolution Asset Management Chief Investment Officer, Bob Sahota and Senior Portfolio Manager, David Saija discuss the latest trends and developments in the Australian and New Zealand private debt market.

Chapters

  • 0:00 – Introduction
  • 1:22 – Revolution business update – A$3.1 billion in committed capital including the launch of the Revolution Private Debt PIE Fund (NZD).
  • 6:46 – Revolution’s private debt strategy: a look at how the portfolio yield rises as the RBA cash rate increases, currently at 10.3% across 57 loans.*
  • 10:23 – An overview of Revolution’s distinct investment philosophy focused on rigorous credit discipline and selective borrower criteria, amidst a market crowded with high-risk private debt strategies.
  • 12:26 – A review of private debt sub-sectors including LBO, ABS and real estate debt – highlighting a recent senior LBO loan where Revolution acted as the cornerstone lender and arranger.
  • 25:49 – What sets Revolution apart and an update on the performance of Revolution Wholesale Private Debt Fund II.
  • 29:50 – Q&A

*Revolution Private Debt Fund II and the Revolution Wholesale Private Debt Fund as of 31 July 2024.

Recorded 27 August 2024

Read our June 2024 quarterly review for more information on performance and the portfolio of loans. To learn more about the Revolution Private Debt strategy, contact us.

This information has been prepared by the Investment Manager, Revolution Asset Management Pty Ltd ACN 623 140 607 AFSL 507353 (‘Revolution’). Channel Investment Management Limited ACN 163 234 240 AFSL 439007 (‘CIML’) is the trustee and issuer of units in the Revolution Private Debt Fund II and Revolution Wholesale Private Debt Fund II (collectively ‘the AU Funds’). Channel Capital Pty Ltd ACN 162 591 568 AR No. 001274413 (‘Channel’) is Revolution’s non-investment services provider and the holding company of CIML.

FundRock NZ Limited is the issuer of units in the Revolution Private Debt PIE Fund (NZD) (the ‘NZ Fund’). Public Trust is the independent trustee of the Scheme of the Fund. Revolution is the appointed Investment Manager for the NZ Fund. Refer to fundrock.com/fundrock-new-zealand for more information. The NZ Fund is intended for the exclusive use of wholesale investors, as defined by the Financial Markets Conduct Act 2013.

This information is supplied on the following conditions which are expressly accepted and agreed to by each interested party (‘Recipient’). The information is general financial product advice only and has been prepared without taking into account the objectives, financial situation or needs of any particular person. The information is not intended for any general distribution or publication and must be retained in a confidential manner. Information contained herein consists of confidential proprietary information constituting the sole property of Revolution and respecting Revolution and its investment activities; its use is restricted accordingly. All such information should be maintained in a strictly confidential manner. This information does not purport to contain all of the information that may be required to evaluate Revolution, or its investment strategy and the Recipient should conduct their own independent review, investigations and analysis of Revolution and its investment strategy and of the information contained or referred to in this document. Neither Revolution, Channel, CIML, FundRock NZ nor their related bodies corporate, representatives and respective employees or officers (collectively, the Beneficiaries) make any representation or warranty, express or implied, as to the accuracy, reliability or completeness of the information contained in this document or subsequently provided to the Recipient or its advisers by any of the Beneficiaries, including, without limitation, any historical financial information, the estimates and projections and any other financial information derived there from, and nothing contained in this document is, or shall be relied upon, as a promise or representation, whether as to the past or the future. Past performance is not a reliable indicator of future performance. The information in this document has not been the subject of complete due diligence nor has all such information been the subject of proper verification by the Beneficiaries. Except insofar as liability under any law cannot be excluded, the Beneficiaries shall have no responsibility arising in respect of the information contained in this document or subsequently provided by them or in any other way for errors or omissions (including responsibility to any person by reason of negligence). An investor should, before making any investment decisions, consider the appropriateness of the information in this document, and seek professional advice, having regard to the investor’s objectives, financial situation and needs. For further information and before investing, please read the offer document which is available upon request.