Oceana Australian Fixed Income Fund
Overview
With an 8-year track record, the Oceana Australian Fixed Income Fund offers exposure to private credit via the un-correlated short-term invoice and trade finance asset class (~ 75% of the fund) and short-term lending exposure to SME’s and corporates. The Fund offers 60-day liquidity and monthly distributions.
People
Headquartered in Sydney since 2016 with offices in London and Manila, the team is highly experienced in SME, corporate lending and trade and debtor finance, underwriting and credit risk management. Their LP list includes leading global allocators including Apollo IM, Michigan Employees Retirement System, BlackRock Alternatives and Munro Partners.
Investment Philosophy
The Fund applies the principles of securitisation across the private debt sector and is unique in its value proposition by providing access to a range of private debt investments including, invoice and supplier finance, corporate lending, and SME loans, within a risk-mitigated strategy. It offers first-loss protection and credit enhancement to all investors across its capital structures with the principals participating in the first-loss piece of the structure and further supported by QBE and Allianz via Insurance coverage. The funds fixed income portfolio aims to provide regular distributions, and its typically short-term loan bias (~85 days) also seeks to offer liquidity in a traditionally ‘’illiquid’’ asset class.
