私人信贷成香饽饽！La Trobe金融拟推上市信托 月度分红、收益亮眼

Core Viewpoint - La Trobe Financial is preparing to enter the public market through a Listed Investment Trust focused on private credit, aiming to raise up to AUD 300 million amid ongoing challenges faced by its parent company Brookfield in other investments [1][3]. Group 1: Company Overview - La Trobe Financial, established in 1952 and led by CEO Chris Andrews, manages assets totaling AUD 20 billion, with investment products including local credit funds in Australia and private credit trusts in the U.S. [3]. - The new Listed Investment Trust, La Trobe Private Credit Fund, has a fundraising target of AUD 100 million to AUD 300 million and is closely monitoring market fluctuations to decide on the June IPO [3]. Group 2: Market Context - The launch of the trust coincides with Brookfield's investment crisis in the Australian private hospital operator Healthscope, which has been taken over by lenders to avoid bankruptcy [1]. - Regulatory scrutiny on the private credit market is increasing, with the Australian Securities and Investments Commission (ASIC) highlighting potential systemic risks and the likelihood of future failures in certain sectors [3]. Group 3: Investment Strategy - The trust will target wholesale and professional investors, aiming for a return of the RBA official cash rate plus 3.25% annually (net of fees), with monthly distributions planned [4]. - The investment portfolio is expected to be evenly distributed between the Australian market and private credit projects in U.S. mid-sized enterprises [3]. Group 4: Industry Trends - Other companies have also launched listed funds and trusts on the Australian Securities Exchange (ASX) this year, including MA Financial, which exceeded its IPO target by raising AUD 330 million, and Realm Investment House with its Dominion Income Trust [5]. - Conversely, Wilson Asset Management faced challenges with its WAM Income Maximiser trust, raising significantly less than its AUD 510 million target due to market volatility [5].