Alceon’s new Partners Fund launches on Netwealth, HUB24, and Powerwrap platforms

Leading Australian multi-strategy alternative investment manager, Alceon has announced the availability of its flagship Alceon Partners Fund via the Netwealth, HUB24 and Powerwrap platforms. The expansion marks an important step in broadening access to the Fund, with additional platform availability anticipated in the near term.

The recently launched evergreen vehicle is focused on mid-market hybrid capital and special situations investments, providing investors with access to a corner of the market Alceon believes is underserved: the space between traditional private equity and private credit.

Until now, Alceon has deployed this strategy via the firm’s balance sheet and closed-end investor syndicates. The Partners Fund institutionalises this capability into a single-access defensive-growth product, with investment applications accepted quarterly.

The Fund’s launch coincides with tighter macroeconomic conditions that present a unique opportunity for the Fund’s flexible mandate to provide solution capital that often falls outside typical private credit and private equity mandates.

Alceon is co-investing 10% alongside investors in the Fund (up to $40 million), demonstrating its conviction in the strategy and strong investor alignment. Targeting a net return of 12-15% p.a., including a cash yield of 5% p.a, the Fund will be led by Co-Portfolio Managers and Hybrid Solutions team Managing Directors, Daniel Chersky and Justin Lal.

“We are delighted to provide advisers and investors with a new avenue to access a strategy that we believe offers exposure to the defensive attributes of credit, combined with the growth upside of special situations,” said Mr Chersky, Managing Director, Head of Hybrid Solutions at Alceon. Mr Lal added “The Fund’s uniquely flexible mandate positions it well in the current environment where structuring capability and speed of execution is critical, especially where refinancing pressure and stress are present.” Hybrid Solutions at Alceon is focused on designing and delivering bespoke, flexible capital solutions for companies, real asset owners and specialty lenders. The strategy is industryagnostic and invests across the capital structure from senior-secured loans, hybrid instruments and structured equity – tailored specifically to each situation.