iPartners Launches Property Credit Fund
Discover the Compelling Investment Opportunity in iPartners' Property Credit Fund for Secured Real Estate Loans in Australia and New Zealand, as Featured on Financial Standard (By Harwin Ramos, 6th July 2023)
Discover the Compelling Investment Opportunity in iPartners' Property Credit Fund for Secured Real Estate Loans in Australia and New Zealand, as Featured on Financial Standard.
The alternatives fund manager has launched a strategy for wholesale investors that targets secured real estate loans in Australia and New Zealand.
iPartners' Property Credit Fund is capped at a $50 million raise before the first close, with iPartners head of property Harry Hyslop saying the fund is "a compelling opportunity for investors who have remained underweight and selectively invested while waiting for the market to correct".
"In the current economic and regulatory environment, banks and other non-bank lenders may continue to pull back from the market as they deal with problems in legacy portfolios that were priced for a continued period of credit expansion," Hyslop said.
"The investment should appeal to those looking for an investment that generates high monthly income across a diversified low LVR portfolio actively managed by an experienced team."
iPartners co-founder and chief executive Travis Miller said the "firm held off following the crowd" while waiting for the property credit markets to reset.
"Now that this has occurred, from a relative value perspective we see property credit as a very attractive asset class," Miller said.
iPartners is both a platform and fund manager. The latter, launched in 2020, has four funds with more than $250 million in funds under management.
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