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Centuria Bass Credit Fund

Centuria Bass Credit Fund – Wholesale offer


The Centuria Bass Credit Fund is an unlisted, open-ended property debt fund offered exclusively to wholesale investors that aims to deliver an attractive target IRR of 8%+1.

The Fund’s strategy is to invest in first ranking commercial real estate debt transactions that are diversified across a mix of geographies, terms, sub-sectors and spread across multiple borrowers.

With 100% of loans secured by first ranking mortgages and a highly diversified portfolio, the Centuria Bass Credit Fund can provide capital preservation and downside protection benefits together with attractive returns.


Target IRR1


first mortgage loans




Minimum investment

Invest in the Centuria Bass Credit Fund

Offer summary:

  • Target IRR of 8%+1
  • Capital preservation with 100% of loans secured by first mortgage and a targeted average LVR below 65%.
  • Strategy to develop a portfolio that is well diversified by geography, sector and loan type.
  • Estimated term: Open-ended with monthly liquidity available (see IM for more details).
  • Core Property Fund Research and Ratings provided the fund with a ‘Recommended’ rating.
  • ‘High investment grade’ endorsement with ‘Superior 4-Star’ rating from SQM Research.

1. Long-term target IRR between 6-10%


Performance and distributions


Fund performance1 (as at -)


Fund distributions (previous 6 months)



Register your interest

More information?

Request a copy of the Centuria Bass Credit Fund information memorandum.

You can also call on 1300 22 44 24 or email one of our Investor Services team.

Email us


Making it easy to invest with us

You can choose how to invest – either directly with us (refer to IM) or via a range of investment platforms.

The Centuria Bass Credit Fund is currently available on the following platforms:

  • HUB24
  • Macquarie Wrap
  • Netwealth
  • Praemium
  • Powerwrap.

Centuria Bass Property Debt – Podcast series

Investing in debt funds can provide investors with the potential for regular interest income returns. Learn more about debt funds in the CRED sector and current trends for this investment technique in our four part podcast series, hosted by our very own Izzy Chilcott, Fund Manager.

Property Debt: Past and Present
Property Debt: The Opportunity
Property Debt: The Opportunity
Rising interest rates and the impact on CRED

The information discussed is of a general nature and is not investment advice. All opinions expressed and are the opinions of Yehuda Gottlieb, Managing Director at Centuria BASS, as of July 2022.

Any questions?

Call our Investor Services Team on 1300 22 44 24 or email

Why Centuria Bass?

Centuria Bass Credit (CBC) is an unlisted, Australian real estate debt and investment manager. ASX-200 listed Centuria Capital Group (ASX: CNI, Centuria) acquired a 50% interest in CBC in 2021 and in April 2024, further increased its investment to a controlling stake of 80%. The investment followed an ongoing review to meaningfully scale Centuria’s platform into the real estate finance business.

Read more information about the JV which expands Centuria’s unlisted funds platform, providing a diversified suite of investment opportunities for its clients, while offering non-banking finance for real estate secured transactions including development projects, bridge finance and residual stock.


The Centuria Bass Credit Fund (CBCF) is an unregistered managed investment scheme available for investment from wholesale investors only. The Trustee of CBCF is Bass Financial Services Pty Ltd ACN 617 409 588, AFSL 499339. This EDM has been issued jointly by Centuria Bass Credit Pty Ltd (Centuria Bass) and Centuria Funds Management Limited (AFSL 479 875). An investment in the CBCF carries risk. As the Fund invests in commercial property debt it carries the usual credit risks associated with investing in debt funds. Risks can impact on distribution and capital returns over the term of the Fund. It is important that you read the IM and understand the risks of investing. Centuria Bass and its associates will receive fees in relation to an investment in the Fund as disclosed in the IM. Investment in the Fund is subject to risk including possible delays in payment or loss of income and principal invested. Centuria Bass does not guarantee the performance of the Fund.

Ratings disclaimers

*The Core Property rating (assigned in November 2020) presented in this document has been prepared and issued by Core Property Research Pty Ltd (“Core Property”), which is an Authorised Representative ASIC number 1280479 of Core Property Research Holdings Pty Ltd (ACN 633 170 751, AFS License No. 518320) (Licensee), and trading as Core Property. Whilst the information contained in the report has been prepared with all reasonable care from sources that Core Property believes are reliable, no responsibility or liability is accepted by Core Property for any errors, omissions or misstatements however caused. Past performance information is for illustrative purposes only and is not indicative of future performance. The Core Property publication is not and should not be construed as, an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Any opinion contained in the Report is unsolicited general information only. Neither Core Property nor the Participant is aware that any recipient intends to rely on this Report or of the manner in which a recipient intends to use it. To access the full report, please click here. The rating is subject to change without notice and Core Property assumes no obligation to update the report.

^SQM Research rating: 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. Information contained in this document attributable to SQM Research must not be used to make an investment decision. The SQM Research rating is valid at the time the report was issued, however it may change at any time. While the information contained in the rating is believed to be reliable, its completeness and accuracy is not guaranteed. 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. 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.

~ Inception date of CBCF is October 2021
1. Average annualised monthly Internal Rate of Return (IRR) over the period corresponding to the table. Annualised monthly IRRs are calculated based on monthly Net Asset Value changes.