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Centuria Bass Credit Fund – Wholesale offer

APIR: BSS8714AU
Fund status: open to applications


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.

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

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8%+

Target IRR1

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100%

first mortgage loans

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Monthly

distributions

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$100,000

Minimum investment

 

Research ratings

The Centuira Bass Credit Fund has Recomended ratings from Core Property Research and SQM Research.


 

Key features of the Fund include:

  • Track record of delivering attractive risk-adjusted returns to investors.
  • Target IRR range of 6-10% p.a.
  • Downside protection and capital preservation with 100% of loans secured by first mortgages.
  • Open-ended with monthly liquidity available (see IM for more details).
  • Highly experienced team with institutional grade capabilities, knowledge and industry networks.

Fund portfolio

  • A mature portfolio diversified across various geographies, sub-sectors, loan types and multiple borrowers.
  • Consists of 100% first mortgage investments with a mid-market focus.
  • Strategy of lending to high quality borrowers with conservative LVRs and strong covenants.
  • Lowly geared portfolio with weighted average LVR of 62.8%2
  • Robust pipeline of loans that seeks to capitalise on a growing $60bn+ funding gap in the mid-market of commercial real estate debt.

2. As at 30 June 2024

Performance

Fund performance2

(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.

CBCF background

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.

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 contactus@centuria.com.au.

Application and redemption FAQs


I have submitted my application to invest. What happens next?
Any applications received between the 1st and the 19th of the month will receive a capital call to the nominated email address on the 20th with 5 business days to fund. Any applications received from the 20th of the month onwards will receive a capital call within 24 hours, with funds due by the end of the month. Emails with confirmation of payment will be sent within 1 to 2 business days of funds being matched to your application.

Once all required fund and AML documents have been received, applications are allotted effective the 1st of the following month. Welcome letters and unitholder statements should be received on or around the 10th of the month.

How can I increase my position, or add to my investment?

As an existing investor, you can increase your allocation via the registry service provider or via a form submitted to centuriabass.enquiry@centuriainvestor.com.au. Please contact our Investor Services team at contactus@centuria.com.au or on 1300 22 44 24 to receive a copy of this form.

How can I request a redemption?

You can submit a short form obtained on the Centuria Investor platform directly to the Centuria Investor Services team at contactus@centuria.com.au, or directly to the registry services provider at centuriabass.enquiry@centuriainvestor.com.au.

When do I need to contact the registry services provider?

When submitting a redemption request, changing your contact details, changing your banking details or updating an adviser.

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.

Disclaimer

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.
2. As at 30 June 2024