Capital Raise – 360 Capital Enhanced Income Fund

16 Dec 2020

Gamma Advisory

Capital Raise – 360 Capital Enhanced Income Fund

360 Capital is looking to raise $70m for their Enhanced Income Fund.  They are currently listed (ASX Code: TCF) and are looking for additional funds to further expand their private lending portfolio. 

TCF has identified a pipeline of prospective transactions across a diversified range of industries and the team has a proven track record of originating and managing private loans.

This investment may complement those investors wanting income and who may have invested in Metrics Credit Partners (ASX Code: MXT).

Summary of offer:

  • Investors to be issued units at $5.94 (Net Asset Value)
  • Target Yield of 6.00% per annum (paid monthly)
  • Funding Corporate Loans (no real estate)
  • Low correlation to equity markets
  • Suitable for those investors wanting regular income
  • 85% + of the corporate loans to be senior secured and strict covenants around loans
  • No gearing
  • Experienced Investment Committee
  • New units issued will rank equally with all other units and will be entitled to participate fully in distributions from December 2020 onwards.

This offer has been approved by Bond Adviser.  Please click on the company presentation and Bond Adviser Report below.


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