Opportunity to participate in the IPO of the KKR Credit Income Trust (ASX:KKC)
Powerwrap clients have been offered the opportunity to participate in the KKR Credit Income Trust IPO and Powerwrap will be acting as a co-manager of this capital raising.
As a valued client of Powerwrap, we would like to invite you to participate in this IPO offering by placing bids through the Powerwrap platform.
Advisers that are eligible for the offer will receive 1.25% selling fee (incl. GST) for their allocation on this transaction.
By way of background, KKR is a leading global investment firm with 42 years of experience and a strong track record of investment excellence. KKR has US$200B+ in AUM globally, and is a leader in Credit investing, with 120 dedicated credit investment professionals managing ~US$70B in AUM.
KKC seeks to provide a differentiated return profile as compared to Australian income securities through exposure to income generating global credit. The strategy seeks to produce a high return relative to volatility, targeting a net return of 6-8% p.a. with a target net cash yield of 4-6% p.a. through the market cycle.
The Trust seeks to provide this exposure by investing in to two underlying KKR credit investment strategies:
- Global Credit Opportunities Fund (GCOF): long-term target portfolio allocation of 50-60%; and
- European Direct Lending (EDL): long-term target allocation of 40-50% investment strategy.
Below is a copy of the DRAFT PROSPECTUS which is due to be lodged on Monday 16th September and have also outlined Terms of the proposed transaction with the associated timeline.
If you wish to run through the capital raising in more detail, please feel free to call me or our Investments Manager – Ishan Dan on +61 3 8681 4658 . Otherwise please complete the below form to lodge your interest / bid and we will contact you as soon as possible.
Ishan Dan | Investments Manager