Australian-based iPartners has launched its wholesale private debt PIE funds.

The two new funds are:

• iPartners Diversified Private Income PIE – targeting a yield of 8% - 10% p.a. from a diversified portfolio of private debt assets. The fund will pay monthly distributions and provide monthly liquidity, It will invest in the iPartners Investment Fund (an Australian unit trust), which was launched in March 2020 and with a net return of 10.1% for the June 2023 year.
• iPartners Core Income PIE – targeting a yield of 6%-8% p.a. from a diversified portfolio of predominantly senior private debt assets. The fund will pay monthly distributions and provide monthly liquidity. This fund will invest in the iPartners Core Income Fund (an Australian unit trust) with a net return of 8.1% for the June 2023 year.

iPartners' head of funds management, William Wong, said New Zealand wholesale investors can access simple diversified, higher-yielding private market investments with these funds.

Thom Bentley, head of capital markets New Zealand said, “We believe these funds can be used in portfolios to give income-seeking wholesale investors a significant income boost without materially increasing risk.”

As Good Returns reported recently Betashares is launching PIE funds in New Zealand. Its funds are now available on a number of adviser investment platforms.

"The inclusion of Betashares’ PIE funds on the menus of the major New Zealand-based investment platforms means advisers are now able to access the strategies for their clients.

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