Boston Managed Investments Limited is pleased to announce the delivery of our latest fixed income investment product the Boston Private Income Fund Unit Trust (BPIF).
As has been the case in the development of our existing income funds, Boston Managed Investments Limited has carefully researched and monitored the development of funding structures amongst domestic and foreign Financial Institutions in the post Global Financial Crisis (GFC) landscape with an emphasis on the activity of those structures within the Australian commercial real estate environment.
The team behind BPIF have developed an investment strategy which is characterised by targeting investments at the senior and/or subordinated levels within established and proven non-bank commercial lending platforms, primarily through trust structures which will allow for capital recycling by way of securitisation. In many circumstances, the investors traditionally found in this space are no longer active, providing Boston Managed Investments Limited with the opportunity to become a key participant in these funding platforms.
The BPIF is an income style fund which commences operations on 1 October 2016. BPIF continues the strategy that has been implemented by The Boston Group for the past 9 years, a time during which Boston Managed Investments Limited has delivered the successful Boston Income Fund, a fund that has provided its investors with a stable level of return since inception, a legacy that BPIF aims to replicate.
Over this time Boston Managed Investments Limited has now been responsible for the management and arrangement of in excess of $41 million of new debt capital support in to solid commercial loan book structures which has assisted those businesses in the achievement of their growth strategies.
The BPIF has been developed in lock step with commercial loan book operators with the support of well known, long trading, Australian banks and other Non-Bank Financial Institutions, for the purpose of assisting those businesses to expand origination.
The BPIF provides both professional and institutional investors with access to a professionally managed portfolio of stable income producing assets that targets a level of risk commensurate with the senior and/or subordinated level of participation within loan book warehouse structures, without the need to use, nor rely on, leverage in the pursuit of those returns.
To view the Boston Private Income Fund Information Memorandum please click here
To view Boston Private Income Fund Quarterly Reports click here
|Fund||Boston Private Income Fund|
|Trustee||BMIL Nominees Pty Ltd|
|Manager||Boston Managed Investments Limited|
|Last quarter (December 2017) return after fees||7.6915% (annualised)|
|Benchmark||BBSW30 (currently 1.71%) + 4.40% (440 Basis Points) per annum|
|Coupon Payments||Paid quarterly in arrears for quarters ending March, June, September and December|
|Fund Return Profile||High|
|Income Return Risk||Medium|