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Fund Overview

The Barwon Global High Income Fund was established in 2014 and provides wholesale investors with exposure to a portfolio of publicly traded private debt funds, whilst offering monthly liquidity.

The core investments are private debt funds that make senior secured, hold-to-maturity loans to middle-market businesses and loans backed by stable commercial and transitional properties.

The look through exposure is diversified across >2,000 loans.

The strategy is accessible in two unit classes:

  • The Barwon Global High Income Fund – unhedged unit class
  • The Barwon Global High Income Fund II – currency hedged unit class

 

The two classes hold the same underlying assets.

Investment Strategy

The Fund offers liquid exposure to a diversified private debt portfolio by investing in an actively managed portfolio of circa 15 publicly traded private debt funds. The look through loan exposure is diversified by borrower, industry, vintage and private debt manager. The core investments are private debt funds that make senior secured, hold-to-maturity loans to middle market businesses and loans backed by stable commercial properties.

The Fund aims to generate a high level of current income (7-8% p.a.), paid quarterly, with the potential for long-term capital appreciation (1-2% p.a.) over the market cycle.

Key Features of the Fund

Diversified private debt portfolio
High current income
Monthly liquidity and quarterly fund distributions
Return premiums generated from holding portfolios of directly originated private loans
High conviction, bottom up stock selection approach

Unit Price and Performance

31 December 2023

Fund NameNAV Price1 Month3 Months1 year3 years p.a.5 years p.a.ITD p.a.Fund Inception
Barwon Global High Income Fund - Unhedged$0.9562-0.3%-1.7%17.7%14.1%7.9%7.2%28-Feb-14
Barwon Global High Income Fund - Hedged$1.13752.2%2.5%15.7%9.2%N/A10.3%18-Nov-20

Distributions

Class30/09/2330/06/2331/03/2331/12/22Frequency
Barwon Global High Income Fund - Unhedged$0.019994$0.017554$0.018807$0.017017Quarterly
Barwon Global High Income Fund - Hedgednil$0.017473$0.021738$0.021276Quarterly
Disclaimer

Investment Team

Sam Armstrong

Sam Armstrong

Head of Private Equity, Founding Partner

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Sam Armstrong

Sam Armstrong

Head of Private Equity, Founding Partner

Read More

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