Monark High Yield Debt Fund
The Monark High Yield Debt Fund is a diversified portfolio of Monark’s highly regarded subordinated secured property debt transactions, targeting an internal rate of return of 15% per annum. The Fund capitalises on Monark’s experience and proven ability to understand and manage risk to create an asymmetric outcome for investors, with the objective of providing a significant return believed to be well in excess of the risks required to achieve this.
Key Features
Access to a portfolio of Monark’s highly regarded subordinated secured debt transactions.
Attractive Target IRR of 15% per annum (after fees and costs) on net called capital (being drawn funds net of capital repayments) believed to be well in excess of the risks required to achieve this.
The HYDF performance is expected to be generally uncorrelated with volatile public investment markets providing potential for portfolio diversification.
Significant number of mandated deals (deals which Monark has committed to fund) providing both portfolio visibility, and prompt drawdown and deployment.
Focus on the Australian ‘middle property market’ – mid-sized projects underpinned by significant purchaser demand which in turn tend to provide valuable security and reduced exist risk.
Investor alignment with sizeable investment in the Fund made by Monark shareholders and executives on the same terms, and in the same unit class – a true ‘partners fund’.
Fund size capped to opportunity set thereby removing pressure to deploy, shortening the deployment period, and enabling Monark to cherry pick investments.
Partnering with an experienced, established real estate financier and investor with an unblemished track record.