La Trobe Financial announces Global Asset Management strategy, launches US Private Credit Product

La Trobe Financial, one of Australia’s best-known and most trusted alternative asset managers, has today signalled the broadening of its Asset Management operations through the launch of its Global Asset Management strategy.

This is an important milestone for the company, with La Trobe Financial CEO, Chris Andrews, highlighting that the business is leaning into its extensive global networks and private market expertise to deliver the best of the world’s investment offerings to Australian investors.

“At La Trobe Financial, we have been building the wealth of our investors for over seven decades through careful attention to quality, discipline and consistency in performance. Today, we have $18 billion in assets under management across almost 100,000 investors,^[1]

The announcement of the Global Asset Management strategy is headlined by the launch of the La Trobe US Private Credit strategy, a product developed in partnership with the business’ first global partner, one of the world’s largest financial institutions, Morgan Stanley, who serves as adviser to the strategy.

Andrews, provided an outline of the strategy, stating “this is a very unique investment product designed to give Australian investors access to private credit provided to the US middle market. This market is, by itself, the world’s third largest economy and is set to benefit from generational macro-tailwinds, including the “re-shoring” of global supply chains back into the US heartland. And we are pleased to be providing access to that market to Australian investors through the world’s best mid-market direct lending platform in Morgan Stanley.”

Morgan Stanley Senior Managing Director, Jacques Chappuis, spoke to the newly announced partnership between Morgan Stanley and La Trobe Financial, stating: “We are pleased to be partnering with La Trobe Financial in the launch of the La Trobe US Private Credit investment strategy. Morgan Stanley is deeply committed to the Australian market and La Trobe Financial is high-quality and a key strategic partner in bringing our world-class expertise to Australian investors.”

The La Trobe US Private Credit investment product will be backed by a defensive portfolio of directly originated, senior secured loan assets issued to US middle market companies, owned by some of the world’s largest private equity firms. The product seeks to deliver an annualised distribution yield of at least 9%^[2] per annum net of fees^[3].

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Notes:
[1] Total investors is calculated by adding all individual & joint investors (which includes some investors with a current zero balance in their account) to reasonable estimates of investors investing via platform, trusts or SMSFs.
[2] This target yield is not a forecast, projection or prediction of the performance of the Fund. The Fund’s target yield is not and should not be seen as a statement about the Fund’s likely future performance and there is no guarantee that the performance of the Fund will achieve the target yield.
[3] This product is for wholesale investors only.