The Wingate Property Senior Debt Fund (WPSD) has been awarded ‘Superior’ status and High Investment Grade from highly regarded Australian rating house SQM Research, as demand intensifies for private and property debt opportunities.
WPSD leverages Wingate's multi-decade property expertise, delivering strong, risk-adjusted returns secured by highly attractive debt investments.
Launched a year ago, the WPSD Fund provides investors exposure to portfolio comprised solely of first-ranking, senior secured property debt, the Fund targets a 6%-8% p.a. return with monthly distributions.
WPSD has so far delivered co-investors a return of 6.5% p.a. and expects the return to continue to build toward the top end of the target range (6-8% p.a.) based on broader interest rate movements.
THE WPSD Fund, the first Wingate product to participate in the SQM rating process, was awarded 4 stars (out of a possible 5) with a ‘Superior’ status.
This status, in SQM research’s view, states that “the Fund has an appreciable potential to outperform over the medium-to-long term. Historical performance has tended to be meaningful. PDS (Product disclosure statement) compliance processes are strong. There are very little to no corporate governance concerns. Management is of a high calibre.”
“SQM Research’s rating is an endorsement for Wingate’s unique investment process as the appetite in the market for private debt opportunities continues to increase. In a rising interest rate environment, private debt provides investors with an inflation hedge and more stability in their investment portfolio,” said Michael Sack, Managing Director Wingate Funds Management.
“We are seeing a renewed level of caution and focus on risk due diligence from investors. In the current environment, this means the Wingate track record and process is seen particularly attractive and we have created additional capacity in our products to meet this demand.”
This means all our current Wingate funds – the flagship $1bn Wingate Investment Partners Trust; our Wingate Corporate Credit Series; and the Wingate Property Senior Debt Fund; are all seeing increased inflows,” he said.
“After almost 20 years of private debt investment; we remain confident that current market volatility provides a particularly opportune time for investors to consider private debt.”
Reflecting on the acknowledgement, Founder of Wingate and Executive Chairman Farrel Meltzer said that the rating was testament to the risk mitigation processes that have defined Wingate.
“Our approach, keeping our co-investors at the centre of all that we do, has been and continues to be core to the Wingate Way. This SQM Research rating is testament to the deep insights from our team; the quality of our risk and originations professionals; and the complete alignment we have with our co-investors.”
The WPSD Fund is available on Netwealth and Hub24.
SQM Rating Disclaimer: The rating contained in this document is issued by SQM Research Pty Ltd ABN 93 122 592 036 AFSL 421913. SQM Research is an investment research firm that undertakes research on investment products exclusively for its wholesale clients, utilising a proprietary review and star rating system. The SQM Research star rating system is of a general nature and does not take into account the particular circumstances or needs of any specific person. The rating may be subject to change at any time. Only licensed financial advisers may use the SQM Research star rating system in determining whether an investment is appropriate to a person’s particular circumstances or needs. You should read the product disclosure statement and consult a licensed financial adviser before making an investment decision in relation to this investment product. SQM Research receives a fee from the Fund Manager for the research and rating of the managed investment scheme. Visit https://sqmresearch.com.au/funds/ratings-methodology.php for more information on SQM’s Research Rating Methodology.