“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.

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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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