Firm seeks steady yields with new credit strategy
La Trobe Financial has officially launched its new listed investment vehicle, the La Trobe Private Credit Fund (ASX: LF1), aiming to broaden investor access to its established private credit strategies via the Australian Securities Exchange.
The initial public offering seeks to raise between $100 million and $300 million, with units issued at $2.00 each. According to a news release, the fund is structured to deliver monthly distributions with a targeted return benchmarked at the RBA Official Cash Rate (OCR) plus 3.25% per annum, net of all associated fees, costs and taxes.
Designed as a diversified private credit vehicle, the fund combines exposure to both Australian real estate credit - through La Trobe’s 12 Month Term Account - and US mid-market corporate credit via its US Private Credit Fund. The offering is intended to provide investors with consistent and conservative income returns, underpinned by two of La Trobe Financial’s flagship strategies.
“Today marks another very significant milestone for La Trobe Financial and our 110,000 investors,” said CEO Chris Andrews. “For the first time, investors will be able to invest with us on the ASX. We are listening to our investors and will remain committed to helping Australians by continuing to provide new and thoughtful ways for them to grow their wealth. Today is another step on that journey.”
Chief investment officer Chris Paton noted the dual-sector approach: “The La Trobe Private Credit Fund brings together our two flagship, best-in-class strategies into the one vehicle for investors. It provides a conservative and diversified exposure to private credit, with the convenience of investing via the ASX.”
The launch is being supported by a syndicate of financial institutions, including CommSec as lead arranger, and Taylor Collison, Ord Minnett, Morgan Stanley, and Shaw & Partners as joint lead managers.
In addition to targeted monthly income, La Trobe Financial indicated that it may support the Fund’s performance through capital management initiatives, including off-market and potential on-market buybacks, to enhance unit value.
The Product Disclosure Statement (PDS) for the Fund was lodged with the Australian Securities and Investments Commission (ASIC) today. The offering is expected to open to Priority Offer and Broker Firm Offer investors on June 3, 2025, with offers closing on June 13, 2025. A national roadshow and daily webinars are scheduled to accompany the offer period.
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