AltX launches ‘investor-centric’ credit fund

Investor Daily

Investor Daily

Investor Daily

6 May, 2024

6 May, 2024

6 May, 2024

AltX launches ‘investor-centric’ credit fund

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The alternative asset manager has launched an investment vehicle that reflects the “evolution” of its managed fund program.

AltX has announced the launch of a new investment vehicle, the AltX Credit Fund, designed to provide investors with access to the “full breadth” of the firm’s loan origination.

Offering investors the choice of six share classes – including short-term, senior debt, diversified and construction investment opportunities – AltX said the new structure allows investors to invest in a variety of classes that meet their preferred risk appetites, underlying loan exposures, and liquidity preferences.

The investment vehicle also includes a “credit opportunities” class, which provides exposure to credit opportunities across asset-backed, commercial mortgage-backed, and residential mortgage-backed securities.

“This is a huge milestone for AltX. Each share class within the fund provides investors with diversification and portfolio risk management, enabling exposure to a broader range of underlying loan transactions for a much lower minimum investment threshold,” commented co-founder and co-chief executive officer Steven Beinart.

“There are many ways to gain exposure to private real estate credit. The AltX Credit Fund provides the full spectrum of choice to investors, ranging from vanilla, liquid first mortgage exposure through to structured credit opportunities targeting higher yields,” Beinart said.

The company confirmed that the AltX Credit Fund was launched to current investors late last week and targets investment returns from 5.85 per cent to 12.80 per cent for wholesale investors.

“Since our inception, we have built a strong reputation for delivering consistent returns for our investors,” Beinart said.

“We have funded more than $4.1 billion deals to date, with 100 per cent capital returned to our wholesale investor base. This new fund structure reflects the continued growth of AltX in the private debt investment space and provides more choice for our investors,” he said.

Speaking on a recent InvestorDaily webcast, Beinart’s co-founder and co-CEO counterpart Nick Raphaely said private capital has gained prominence as a key component of modern investment strategies.

“The old notion of it’s a choice between equities and bonds or a combination thereof no longer really holds equally,” Raphaely said.

“We saw at the start of the pandemic in 2020, equities fell by over 35 per cent and bonds only rallied 5 or 6 per cent. So they’re not really doing their job in the way that they used to be doing.

“I think alternatives is really the space which is kind of stepped in as almost as the third pillar to provide investors with a range of choice. Now, obviously, alternatives as an asset class capture a lot.

“Our focus area is private real estate debt. So providing investors the opportunity to participate in first mortgage-backed loan transactions, that’s our area of speciality. But there’d be others, too. Private equity, hedge funds, etc. But I think the overarching point is that investing has become more sophisticated. There’s more choice for investors, more options. It’s not just about bonds or equities today,” he said.

AltX has announced the launch of a new investment vehicle, the AltX Credit Fund, designed to provide investors with access to the “full breadth” of the firm’s loan origination.

Offering investors the choice of six share classes – including short-term, senior debt, diversified and construction investment opportunities – AltX said the new structure allows investors to invest in a variety of classes that meet their preferred risk appetites, underlying loan exposures, and liquidity preferences.

The investment vehicle also includes a “credit opportunities” class, which provides exposure to credit opportunities across asset-backed, commercial mortgage-backed, and residential mortgage-backed securities.

“This is a huge milestone for AltX. Each share class within the fund provides investors with diversification and portfolio risk management, enabling exposure to a broader range of underlying loan transactions for a much lower minimum investment threshold,” commented co-founder and co-chief executive officer Steven Beinart.

“There are many ways to gain exposure to private real estate credit. The AltX Credit Fund provides the full spectrum of choice to investors, ranging from vanilla, liquid first mortgage exposure through to structured credit opportunities targeting higher yields,” Beinart said.

The company confirmed that the AltX Credit Fund was launched to current investors late last week and targets investment returns from 5.85 per cent to 12.80 per cent for wholesale investors.

“Since our inception, we have built a strong reputation for delivering consistent returns for our investors,” Beinart said.

“We have funded more than $4.1 billion deals to date, with 100 per cent capital returned to our wholesale investor base. This new fund structure reflects the continued growth of AltX in the private debt investment space and provides more choice for our investors,” he said.

Speaking on a recent InvestorDaily webcast, Beinart’s co-founder and co-CEO counterpart Nick Raphaely said private capital has gained prominence as a key component of modern investment strategies.

“The old notion of it’s a choice between equities and bonds or a combination thereof no longer really holds equally,” Raphaely said.

“We saw at the start of the pandemic in 2020, equities fell by over 35 per cent and bonds only rallied 5 or 6 per cent. So they’re not really doing their job in the way that they used to be doing.

“I think alternatives is really the space which is kind of stepped in as almost as the third pillar to provide investors with a range of choice. Now, obviously, alternatives as an asset class capture a lot.

“Our focus area is private real estate debt. So providing investors the opportunity to participate in first mortgage-backed loan transactions, that’s our area of speciality. But there’d be others, too. Private equity, hedge funds, etc. But I think the overarching point is that investing has become more sophisticated. There’s more choice for investors, more options. It’s not just about bonds or equities today,” he said.

AltX has announced the launch of a new investment vehicle, the AltX Credit Fund, designed to provide investors with access to the “full breadth” of the firm’s loan origination.

Offering investors the choice of six share classes – including short-term, senior debt, diversified and construction investment opportunities – AltX said the new structure allows investors to invest in a variety of classes that meet their preferred risk appetites, underlying loan exposures, and liquidity preferences.

The investment vehicle also includes a “credit opportunities” class, which provides exposure to credit opportunities across asset-backed, commercial mortgage-backed, and residential mortgage-backed securities.

“This is a huge milestone for AltX. Each share class within the fund provides investors with diversification and portfolio risk management, enabling exposure to a broader range of underlying loan transactions for a much lower minimum investment threshold,” commented co-founder and co-chief executive officer Steven Beinart.

“There are many ways to gain exposure to private real estate credit. The AltX Credit Fund provides the full spectrum of choice to investors, ranging from vanilla, liquid first mortgage exposure through to structured credit opportunities targeting higher yields,” Beinart said.

The company confirmed that the AltX Credit Fund was launched to current investors late last week and targets investment returns from 5.85 per cent to 12.80 per cent for wholesale investors.

“Since our inception, we have built a strong reputation for delivering consistent returns for our investors,” Beinart said.

“We have funded more than $4.1 billion deals to date, with 100 per cent capital returned to our wholesale investor base. This new fund structure reflects the continued growth of AltX in the private debt investment space and provides more choice for our investors,” he said.

Speaking on a recent InvestorDaily webcast, Beinart’s co-founder and co-CEO counterpart Nick Raphaely said private capital has gained prominence as a key component of modern investment strategies.

“The old notion of it’s a choice between equities and bonds or a combination thereof no longer really holds equally,” Raphaely said.

“We saw at the start of the pandemic in 2020, equities fell by over 35 per cent and bonds only rallied 5 or 6 per cent. So they’re not really doing their job in the way that they used to be doing.

“I think alternatives is really the space which is kind of stepped in as almost as the third pillar to provide investors with a range of choice. Now, obviously, alternatives as an asset class capture a lot.

“Our focus area is private real estate debt. So providing investors the opportunity to participate in first mortgage-backed loan transactions, that’s our area of speciality. But there’d be others, too. Private equity, hedge funds, etc. But I think the overarching point is that investing has become more sophisticated. There’s more choice for investors, more options. It’s not just about bonds or equities today,” he said.

AltX has announced the launch of a new investment vehicle, the AltX Credit Fund, designed to provide investors with access to the “full breadth” of the firm’s loan origination.

Offering investors the choice of six share classes – including short-term, senior debt, diversified and construction investment opportunities – AltX said the new structure allows investors to invest in a variety of classes that meet their preferred risk appetites, underlying loan exposures, and liquidity preferences.

The investment vehicle also includes a “credit opportunities” class, which provides exposure to credit opportunities across asset-backed, commercial mortgage-backed, and residential mortgage-backed securities.

“This is a huge milestone for AltX. Each share class within the fund provides investors with diversification and portfolio risk management, enabling exposure to a broader range of underlying loan transactions for a much lower minimum investment threshold,” commented co-founder and co-chief executive officer Steven Beinart.

“There are many ways to gain exposure to private real estate credit. The AltX Credit Fund provides the full spectrum of choice to investors, ranging from vanilla, liquid first mortgage exposure through to structured credit opportunities targeting higher yields,” Beinart said.

The company confirmed that the AltX Credit Fund was launched to current investors late last week and targets investment returns from 5.85 per cent to 12.80 per cent for wholesale investors.

“Since our inception, we have built a strong reputation for delivering consistent returns for our investors,” Beinart said.

“We have funded more than $4.1 billion deals to date, with 100 per cent capital returned to our wholesale investor base. This new fund structure reflects the continued growth of AltX in the private debt investment space and provides more choice for our investors,” he said.

Speaking on a recent InvestorDaily webcast, Beinart’s co-founder and co-CEO counterpart Nick Raphaely said private capital has gained prominence as a key component of modern investment strategies.

“The old notion of it’s a choice between equities and bonds or a combination thereof no longer really holds equally,” Raphaely said.

“We saw at the start of the pandemic in 2020, equities fell by over 35 per cent and bonds only rallied 5 or 6 per cent. So they’re not really doing their job in the way that they used to be doing.

“I think alternatives is really the space which is kind of stepped in as almost as the third pillar to provide investors with a range of choice. Now, obviously, alternatives as an asset class capture a lot.

“Our focus area is private real estate debt. So providing investors the opportunity to participate in first mortgage-backed loan transactions, that’s our area of speciality. But there’d be others, too. Private equity, hedge funds, etc. But I think the overarching point is that investing has become more sophisticated. There’s more choice for investors, more options. It’s not just about bonds or equities today,” he said.

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AltX is an online investment platform offering alternative income – generating investments, delivered seamlessly.

Disclaimers

AltX Pty Ltd (ACN: 618 796 115, AR no: 1270087), is an authorised representative of AltX Funds Management Pty Ltd (ACN: 113 502 604, AFSL no: 291314). The information on this website has been prepared for accredited wholesale clients – only who are interested in learning about the different products they can access via AltX. This information is factual information only. Any displays of potential investments are for example purposes only, and may not actually be available to investors. It does not take into account any of your personal objectives, circumstances or needs and does not constitute financial advice. Choosing an investment is an important decision and, before making any investment decision, you should consider obtaining financial advice, always read the disclosure documents as listed against every deal on the AltX investment platform and understand the associated risks as explained as on the AltX investment platform. 

Past performance is not an indicator of future performance. Expected or forecasted returns may not reflect actual performance. Any displays of potential investment opportunities are for sample purposes only, and may not actually be available to investors.

The information on this website does not constitute an offer to sell securities or a solicitation of an offer to buy securities. Further, none of the information contained on this website is a recommendation to invest in any securities.

AltX Pty Ltd is not a bank and is not regulated by the Australian Prudential Regulation Authority, and investing in AltX products is not the same as depositing money in a term deposit offered by a bank.

© 2024

AltX Funds Management Pty Ltd

AltX is an online investment platform offering alternative income – generating investments, delivered seamlessly.

Disclaimers

AltX Pty Ltd (ACN: 618 796 115, AR no: 1270087), is an authorised representative of AltX Funds Management Pty Ltd (ACN: 113 502 604, AFSL no: 291314). The information on this website has been prepared for accredited wholesale clients – only who are interested in learning about the different products they can access via AltX. This information is factual information only. Any displays of potential investments are for example purposes only, and may not actually be available to investors. It does not take into account any of your personal objectives, circumstances or needs and does not constitute financial advice. Choosing an investment is an important decision and, before making any investment decision, you should consider obtaining financial advice, always read the disclosure documents as listed against every deal on the AltX investment platform and understand the associated risks as explained as on the AltX investment platform. 

Past performance is not an indicator of future performance. Expected or forecasted returns may not reflect actual performance. Any displays of potential investment opportunities are for sample purposes only, and may not actually be available to investors.

The information on this website does not constitute an offer to sell securities or a solicitation of an offer to buy securities. Further, none of the information contained on this website is a recommendation to invest in any securities.

AltX Pty Ltd is not a bank and is not regulated by the Australian Prudential Regulation Authority, and investing in AltX products is not the same as depositing money in a term deposit offered by a bank.

© 2024

AltX Funds Management Pty Ltd

AltX is an online investment platform offering alternative income – generating investments, delivered seamlessly.

Disclaimers

AltX Pty Ltd (ACN: 618 796 115, AR no: 1270087), is an authorised representative of AltX Funds Management Pty Ltd (ACN: 113 502 604, AFSL no: 291314). The information on this website has been prepared for accredited wholesale clients – only who are interested in learning about the different products they can access via AltX. This information is factual information only. Any displays of potential investments are for example purposes only, and may not actually be available to investors. It does not take into account any of your personal objectives, circumstances or needs and does not constitute financial advice. Choosing an investment is an important decision and, before making any investment decision, you should consider obtaining financial advice, always read the disclosure documents as listed against every deal on the AltX investment platform and understand the associated risks as explained as on the AltX investment platform. 

Past performance is not an indicator of future performance. Expected or forecasted returns may not reflect actual performance. Any displays of potential investment opportunities are for sample purposes only, and may not actually be available to investors.

The information on this website does not constitute an offer to sell securities or a solicitation of an offer to buy securities. Further, none of the information contained on this website is a recommendation to invest in any securities.

AltX Pty Ltd is not a bank and is not regulated by the Australian Prudential Regulation Authority, and investing in AltX products is not the same as depositing money in a term deposit offered by a bank.

© 2024

AltX Funds Management Pty Ltd

AltX is an online investment platform offering alternative income – generating investments, delivered seamlessly.

Disclaimers

AltX Pty Ltd (ACN: 618 796 115, AR no: 1270087), is an authorised representative of AltX Funds Management Pty Ltd (ACN: 113 502 604, AFSL no: 291314). The information on this website has been prepared for accredited wholesale clients – only who are interested in learning about the different products they can access via AltX. This information is factual information only. Any displays of potential investments are for example purposes only, and may not actually be available to investors. It does not take into account any of your personal objectives, circumstances or needs and does not constitute financial advice. Choosing an investment is an important decision and, before making any investment decision, you should consider obtaining financial advice, always read the disclosure documents as listed against every deal on the AltX investment platform and understand the associated risks as explained as on the AltX investment platform. 

Past performance is not an indicator of future performance. Expected or forecasted returns may not reflect actual performance. Any displays of potential investment opportunities are for sample purposes only, and may not actually be available to investors.

The information on this website does not constitute an offer to sell securities or a solicitation of an offer to buy securities. Further, none of the information contained on this website is a recommendation to invest in any securities.

AltX Pty Ltd is not a bank and is not regulated by the Australian Prudential Regulation Authority, and investing in AltX products is not the same as depositing money in a term deposit offered by a bank.

© 2024

AltX Funds Management Pty Ltd