Growing teams, a robust credit process and new fund launches

This month, the AltX leadership team was delighted to meet with investors in New South Wales and Victoria to present its quarterly Investor Briefing. With FY24 well and truly underway, it was a great opportunity to meet with investors and discuss our growth in the past financial year. Plus we revealed exciting news on upcoming Funds and platform enhancements. 

Members of the AltX leadership team including CEOs Nick Raphaely and Steven Beinart, gave a detailed overview of our business growth, from when we started in 2012 to where we are now. Now with a team of more than 50 employees across Australia, AltX has consistently grown with a strong focus on our credit, construction, and investor relations teams.

Repayments of $804m to investors 

We also gave a run-through of the Funds that AltX launched in FY23 including two funds that are currently open, AltX Short-Term Debt Fund and Assetline Senior Debt Construction Fund No. 6. Head of Investor Relations, Martin Lewis, gave a detailed run-through of our performance in the last financial year including the total repayment of $804m to investors.  

Joined by Head of Credit, Farrel Joffe, we showcased our robust credit process and how it takes into account current market conditions.

Fund Launches

Investors in both states got a first look at two new funds including the AltX Diversified Debt Fund, which launched earlier this week. With a target return of 10.00%* (5.94% + 1-month BBSW), this Fund gives investors exposure to a diversified portfolio of underlying loans comprising of 1st and 2nd Mortgage Loans. Set to launch in September 2023, the AltX 30-Day Notice Senior Debt Fund provides investors with diversified exposure to a portfolio of 1st mortgage loans that are preapproved for refinance. This open-ended fund is targeting to pay investors a variable rate at 6.25% p.a.* (2.19% + 1-month BBSW). 

*Target return is not guaranteed by the Trustee or the Manager.