Our Funds
Revolution offers investors attractive opportunities in Australian and New Zealand private debt, leveraging our expertise and track record with the aim of delivering returns with low volatility and with the benefit of having security over the underlying assets.
The Revolution Private Debt strategy provides eligible investors with exposure to a well-established portfolio of Australian and New Zealand Private debt assets. The strategy invests primarily in senior secured loans within private company and leveraged buyout debt, public and private asset backed securities, and real estate debt (no construction or development). The strategy aims to identify the most attractive relative value opportunities across these regions and sub-sectors.
Highlights
- Aims to provide a capital stable portfolio with attractive risk-return characteristics.
- A credit investment uncorrelated to traditional asset classes.
- Low volatility through strong credit discipline with a focus on capital preservation.
- Highly experienced and specialist investment team with decades of experience together and in-depth market knowledge of the Australian and New Zealand private debt market.
See Investment offerings for:
Australian Investors
Revolution Wholesale Private Debt Fund II – For Wholesale Investors Only
The Revolution Wholesale Private Debt Fund II (Wholesale Fund) provides exposure to the Australian and New Zealand private debt strategy through investment in the Revolution Private Debt Fund II (Underlying Fund).
The Wholesale Fund offers monthly applications and quarterly redemptions.
FUND AT A GLANCE
| APIR Code | Class B – CHN2868AU |
| Trustee | Channel Investment Management Limited ACN 163 234 240 AFSL 439007 |
| Fund structure | Open-ended unit trust |
| Target return | RBA Cash Rate plus 4% to 5% p.a. (net of fees and expenses). |
| Inception date | 31 March 2020 |
| Minimum initial investment | A$100,000 |
| Management fees | 0.80% p.a. (exclusive of GST) |
| Unit pricing | Monthly |
| Applications | Monthly |
| Redemptions | Quarterly. Generally, each of 31 March, 30 June, 30 September and 31 December will be a Redemption Date. |
| Distribution frequency | Monthly |
Refer to the Information Memorandum for more information.
RESEARCH RATINGS
The Wholesale Fund is rated “Recommended” by Zenith Investment Partners.
The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) ratings (assigned 13 June 2024 for the Revolution Wholesale Private Debt Fund II and the Revolution Private Debt PIE Fund (NZD)) referred to in this document is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at https://www.zenithpartners.com.au/our-solutions/investment-research/ratings-definitions/
Revolution Private Debt Fund II – For Institutional Investors Only
FUND AT A GLANCE
| APIR Code | CHN3796AU |
| Trustee | Channel Investment Management Limited ACN 163 234 240 AFSL 439007 |
| Fund structure | Open-ended unit trust |
| Target return | RBA Cash Rate plus 4% to 5% p.a. (net of fees and expenses). |
| Inception date | 31 December 2019 |
| Minimum initial investment | A$1,000,000 |
| Management fees | 0.65% p.a. (exclusive of GST) |
| Unit pricing | Monthly |
| Applications | Quarterly |
| Redemptions | Two redemption opportunities are available per calendar year (on 31 March and 30 September). Investors can only participate in a redemption if they are fully invested or have held the relevant units for at least 12 months. |
| Distribution frequency | Monthly |
Refer to the Information Memorandum for more information.
New Zealand Investors
Revolution Private Debt PIE Fund (NZD) – For Wholesale Investors Only
FUND AT A GLANCE
| Manager | FundRock NZ Limited |
| Trustee | Public Trust |
| Fund structure | Open-ended unit trust |
| Target return | RBNZ Official Cash Rate (OCR) plus 4% to 5% p.a. (after fees and before tax). |
| Underlying Fund inception date | 31 December 2019 |
| Minimum initial investment | NZ$100,000 with further increments of NZ$25,000 |
| Fees (% of net asset value) |
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| Unit pricing | Monthly |
| Applications | Monthly |
| Redemptions | Generally quarterly |
| Distribution frequency | Quarterly |
Refer to the Information Memorandum for more information.
RESEARCH RATINGS
The PIE Fund is rated “Recommended” by Zenith Investment Partners.
The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) ratings (assigned 13 June 2024 for the Revolution Wholesale Private Debt Fund II and the Revolution Private Debt PIE Fund (NZD)) referred to in this document is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at https://www.zenithpartners.com.au/our-solutions/investment-research/ratings-definitions/
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LGT Crestone was a foundational investor in Revolution’s open-end vehicle some four years ago, and today remains a sizeable supporter of the firm. Private debt markets have grown substantially over the last decade with numerous new entrants, yet it was the team’s genuine through the cycle, non-bank lending experience combined with its diligent and conservative approach that most attracted our business. Messrs Sahota and Petris in particular have both been incredibly supportive of the needs to our firm, and refreshingly engaging and transparent in their approach.LGT Crestone is significant investor in alternative assets across hedge funds, private markets and unlisted real assets, and Revolution plays a core (defensive) role within our portfolios. We believe that private debt will play an increasingly important role for investors moving forward given attractive risk-adjusted returns relative to other asset classes. Critically however, selecting the right manager in alternative assets is imperative, and we continue to trust the Revolution team to deliver the right outcomes for our clients. |
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Martin Randall | Partner, Head of Private Markets, LGT Crestone Wealth Management |
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