Global credit has the potential to diversify Australian investment portfolios away from more volatile asset classes and act as an “insulator” against interest rate rises, according to fund manager Pengana.
Open to wholesale investors, the fund launch is the first in a diverse portfolio of global private credit investments in development by Pengana, with retail offerings to follow.
Mercer has been appointed as the investment advisor for Pengana Capital Group s recently launched private credit arm, making it the first appointment of its kind for the firm s former s Australian business.