Credit
Private Debt
Investor Updates
Below you will find this month’s commentary and portfolio update
for TAMIM Credit
May 2024 | Investor Update
Dear Investor,
TAMIM Fund: Credit generated a 0.67% return in May, resulting in a twelve-month net return to investors of 8.71% with all underlying allocations performing as expected. Since inception, the portfolio has delivered an annualised return of 7.35% p.a. net of all fees. Over the five years and eight months since inception, the Fund has only had one negative month and has paid a quarterly distribution of between 1.4 and 2.2% every quarter. The next quarterly distribution is scheduled to be paid on 15 August 2024. TAMIM remains committed to investing with larger, more established managers and avoiding those that are unproven, especially in the current environment. We also continue to focus on senior secured exposure through deals secured by real assets or business cash flows.
Sincerely yours,
The TAMIM Team
Fund Performance
Fund Facts
Investment Parameters
| Management Style: | Active |
| Investments: | Asset based lending Cash flow backed lending Real estate lending Corporate debt Opportunistic credit investments |
| Investable universe: | Australian private debt |
| Unsecured debt limit: | 5% of fund assets |
| Cash level: | 0-100% |
Fund Profile
| Investment Structure: | Unlisted Unit Trust (available to wholesale investors) |
| Minimum Investment: | A$100,000 |
| Management Fee: | 1.25% p.a. |
| Admin & Expense Recovery Fee: | Up to 0.15% |
| Performance Fee: | Nil |
| Distributions: | Quarterly |
| Entry/Exit Fee: | Nil |
| Buy/Sell Spread: | +0.20% / -0.20% |
| Applications: | Monthly |
| Redemptions: | End of next quarter with 30 days’ notice |
| Investment Horizon: |
3 - 5 years + |
Note: There will be a maximum allocation of units to the value of A$5m each month. Applications must be received and funded five (5) business days before month end.
TAMIM Fund
Request additional details for the TAMIM Credit Fund by using the form or if your ready to invest select the apply now button.