AltX Credit Fund receives ‘Recommended’ rating by Independent Investment Research
Aoife Reilly
Aoife Reilly
Aoife Reilly
July 15, 2024
July 15, 2024
July 15, 2024
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Leading alternative asset manager AltX has announced its flagship investment fund, the AltX Credit Fund has received a rating of ‘Recommended’ by Independent Investment Research.
The leading alternative asset manager has announced the AltX Credit Fund has been rated as ‘Recommended’ by Independent Investment Research (IIR).
This is the second independent rating received by AltX since the Fund’s launch in April 2024.
Since launching, the Fund has exceeded target returns on all available classes.
A ‘Recommended’ rating indicates the Fund should be able to consistently generate above-average risk adjusted returns in line with stated investment objectives. This is the second independent rating that the AltX Credit Fund has received in the last month, having recently secured a ‘Commended’ rating by Evergreen Ratings.
Launched in April this year, the AltX Credit Fund targets net investment returns ranging from 5.85% p.a. to 12.80% p.a. for wholesale investors across six share classes. The AltX Credit Fund allows investors to invest in a variety of classes that meet their preferred risk appetites, underlying loan exposures and liquidity preferences.
Designed to suit specific investment preferences, the six share classes include short-term, senior debt, diversified and construction investment opportunities. Since launching, the Fund has exceeded target returns on all available classes.
The IIR Report highlighted that the AltX Group is an experienced operator in the non-bank lending market with a proven track record to date, funding and servicing over $4.8 billion in loans with no loss of investor capital over 12 years in operation.
It further noted that the AltX Group is well-resourced with the team’s experience spanning all aspects of CRE lending including property, origination, underwriting, due diligence, valuation, transaction management, compliance, project management, valuation and quantity surveying.
Speaking about the AltX Credit Fund receiving its second rating, Co-Founder and Co-CEO Steven Beinart comments, “Receiving strong inaugural ratings from both IIR and Evergreen Ratings in the last month has been a testament of our longstanding track record, deep credit experience and institutional grade infrastructure.
The market share of non-bank lenders in the CRE debt market is expected to continue to increase as the banks' share of the market continues to decline. This is expected to result in a strong pipeline of investment opportunities for the Fund, which we are really excited about.”
For further media information and interview requests please contact: Aoife Reilly, Group Marketing Manager
aoife.reilly@altx.com.au
0404 335 241
The leading alternative asset manager has announced the AltX Credit Fund has been rated as ‘Recommended’ by Independent Investment Research (IIR).
This is the second independent rating received by AltX since the Fund’s launch in April 2024.
Since launching, the Fund has exceeded target returns on all available classes.
A ‘Recommended’ rating indicates the Fund should be able to consistently generate above-average risk adjusted returns in line with stated investment objectives. This is the second independent rating that the AltX Credit Fund has received in the last month, having recently secured a ‘Commended’ rating by Evergreen Ratings.
Launched in April this year, the AltX Credit Fund targets net investment returns ranging from 5.85% p.a. to 12.80% p.a. for wholesale investors across six share classes. The AltX Credit Fund allows investors to invest in a variety of classes that meet their preferred risk appetites, underlying loan exposures and liquidity preferences.
Designed to suit specific investment preferences, the six share classes include short-term, senior debt, diversified and construction investment opportunities. Since launching, the Fund has exceeded target returns on all available classes.
The IIR Report highlighted that the AltX Group is an experienced operator in the non-bank lending market with a proven track record to date, funding and servicing over $4.8 billion in loans with no loss of investor capital over 12 years in operation.
It further noted that the AltX Group is well-resourced with the team’s experience spanning all aspects of CRE lending including property, origination, underwriting, due diligence, valuation, transaction management, compliance, project management, valuation and quantity surveying.
Speaking about the AltX Credit Fund receiving its second rating, Co-Founder and Co-CEO Steven Beinart comments, “Receiving strong inaugural ratings from both IIR and Evergreen Ratings in the last month has been a testament of our longstanding track record, deep credit experience and institutional grade infrastructure.
The market share of non-bank lenders in the CRE debt market is expected to continue to increase as the banks' share of the market continues to decline. This is expected to result in a strong pipeline of investment opportunities for the Fund, which we are really excited about.”
For further media information and interview requests please contact: Aoife Reilly, Group Marketing Manager
aoife.reilly@altx.com.au
0404 335 241
