asset_category:
peer_benchmark:
broad_market_index:
manager_contact_details: Array
ticker: TCF
release_schedule:
structure: Listed Investment Company
commentary_block:
factsheet_url:
fund_features:
360 Capital Enhanced Income Fund (ASX: TCF) was relaunched in Q42020, being an effective takeover of an existing LIT, specifically the Australian Enhanced Income Fund (ASX code AYF)). The Fund raised an additional $12m in capital in December 2020. The investment objective of the Fund is to generate secure income to investors of a target return of 6.00% p.a. (net of fees, costs and taxes) once the Fund is fully invested through a portfolio of private credit loan transactions in Australia and New Zealand.
- The portfolio guidelines regarding private debt investments are: Senior Secured Loans: 50 – 100%; Subordinated & Mezzanine Loans: 0 – 30%; and, Equity-like: 0 – 30%.
- On March 31, 2021, the Fund announced the settlement of its first senior private credit investment and subsequently issued its first distribution on April 23, 2021, equating to an annualised yield (over NTA) of 6.1%.
- Investors should note that all portfolio data is illustrative of Manager targets, but additional capital will need to be raised to achieve such guidelines.