The Wingate Property Senior Debt Fund (WPSD) leverages Wingate’s multi-decade property expertise, delivering strong, risk-adjusted returns secured by highly attractive debt investments.

Launched a year ago, the WPSD Fund provides investors exposure to portfolio comprised solely of first-ranking, senior secured property debt, the Fund targets a 6%-8% p.a. return with monthly distributions.

WPSD has so far delivered co-investors a return of 6.5% p.a. and expects the return to continue to build toward the top end of the target range (6-8% p.a.) based on broader interest rate movements.  

THE WPSD Fund, the first Wingate product to participate in the SQM rating process, was awarded 4 stars (out of a possible 5) with a ‘Superior’ status.

This status, in SQM research’s view, states that “the Fund has an appreciable potential to outperform over the medium-to-long term. Historical performance has tended to be meaningful. PDS (Product disclosure statement) compliance processes are strong. There are very little to no corporate governance concerns. Management is of a high calibre.”

“SQM Research’s rating is an endorsement for Wingate’s unique investment process as the appetite in the market for private debt opportunities continues to increase. In a rising interest rate environment, private debt provides investors with an inflation hedge and more stability in their investment portfolio,” said Michael Sack, Managing Director Wingate Funds Management.

“We are seeing a renewed level of caution and focus on risk due diligence from investors. In the current environment, this means the Wingate track record and process is seen particularly attractive and we have created additional capacity in our products to meet this demand.”

This means all our current Wingate funds – the flagship $1bn Wingate Investment Partners Trust; our Wingate Corporate Credit Series; and the Wingate Property Senior Debt Fund; are all seeing increased inflows,” he said.

“After almost 20 years of private debt investment; we remain confident that current market volatility provides a particularly opportune time for investors to consider private debt.”

Reflecting on the acknowledgement, Founder of Wingate and Executive Chairman Farrel Meltzer said that the rating was testament to the risk mitigation processes that have defined Wingate.

“Our approach, keeping our co-investors at the centre of all that we do, has been and continues to be core to the Wingate Way. This SQM Research rating is testament to the deep insights from our team; the quality of our risk and originations professionals; and the complete alignment we have with our co-investors.”

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Steven was recently at AMP Capital, where he was Head of Credit Research and Portfolio Manager in the Global Fixed Income division that managed over $45 Billion. Prior to joining AMP Capital in 2010, Steven was Credit Analyst at Schroders and had primary coverage of Australian and Asia-Pacific companies across various industry sectors, and prior to that at Absolute Capital as Investment Analyst covering structured credit.

“We are delighted to welcome Steven to our leadership team,” said Michael Sack, Managing Director of Funds Management. “In addition to managing our flagship fund, The Wingate Investment Partners Trust, Steven will play a key role across the firm in our investment committees, product origination and development, and co-investor, channel partner and market engagement.”

Among Steven’s professional accomplishments, the $1.3 Billion global credit fund that he led at AMP Capital was awarded the best performing fixed income fund in the Japan market by Reuters Lipper in 2016 and 2017, and Morningstar in 2016 and 2019.

“I am excited to join the Wingate team and continue to build on the firm’s track record of innovative, risk-aware investments,” said Steven Hur, Fund Manager.

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