The Wingate Property Senior Debt Fund (WPSD) has been added to leading platform Netwealth. Launched in December 2021 exclusively to its existing base of co-investors, the fund is now live on Netwealth and available to a broader audience of advisors and investors.
“The appetite for alternatives and private debt-based products amongst professional advisors and sophisticated investors is growing,” said Steven Hur, Wingate Chief Investment Officer. “This fund, purely invested in senior secured Australian property debt with conservative gearing, is proving particularly appealing.”
“In an environment of growing investment uncertainty, first-ranking property debt is providing a strong risk-adjusted proposition and adds an extra dimension of portfolio diversification.”
The Wingate Property Senior Debt Fund provides quarterly consistent distributions to its investors, delivering a yield of 5-7% p.a. The portfolio holds only positions in Australian property, with a bias towards residential developments. It targets investments with a loan-to-value ratio of below 60%, focusing on quality sponsors with strong financial backing and significant development experience.
The WPSD Fund sits alongside the longstanding Wingate Investment Partners Trust, with more than $1bn funds under management. Wingate has a track record of almost 20 years investing in private debt, and has successfully funded more than $13bn in property value since inception.
