Press Release: AltX Flagship Managed Fund receives inaugural ‘Recommended’ Rating

AltX Flagship Managed Fund receives inaugural ‘Recommended’ Rating

Sydney, September 13, 2021


AltX today announces that its Flagship Managed Fund, AltX-Assetline 1st Mortgage Debt Fund No. 1, has received a ‘Recommended’ Rating from independent Fund Research House Independent Investment Research (“IIR”).

In support of the rating, IIR noted that the Manager is “an experienced operator in the non-conforming loan market with a proven track record to date, funding and servicing over 1,000 loans with no loss of capital”.  IIR also highlighted that the Manager is “well-resourced with over 40 employees, with the team’s experience spanning across all aspects of CRE lending including property, origination, underwriting, due diligence, valuation, transaction management, compliance, project management, valuation, and quantity surveying.”

IIR noted that the Fund is managed by “a specialist non-bank CRE lender who has a strong track record of almost 10 years and over $2b of loans funded with no capital loss experienced to date.”  The Fund’s portfolio is diversified with 82 loans in the portfolio at 31 May 2021 and an average weighting to an individual loan of 1.1%. This level of diversification reduces the impact of a default of any single loan in the portfolio.

The Group’s Fund products have been well received in the market, enjoying support from high net worth individuals, Family-Offices and Financial Advisors.  The Fund’s investment proposition – delivery of a robust, consistent yield backed by 1st mortgage over real-estate security and borrower guarantees – resonates strongly in today’s investment climate…….AltX Co-CEO Nick Raphaely


Co-CEO Steven Beinart further noted: “The IIR Report recognises the depth of experience developed by the Group over the past decade, an element we will continue to build on as we further expand and strengthen the business.  To have achieved this rating during the height of the COVID lockdown is very satisfying and speaks to the robustness of our product.”


Independent Investment Research LLC

Independent Investment Research LLC (CRD# 299837) (“IIR”) specialises in providing high-quality commissioned equities and funds research.  IIR was established in 2004 to provide investment research to the investment industry including both issuers, Wealth Management firms, and Institutional firms. IIR provides customers and subscribers an unparalleled research website that covers listed and unlisted managed investments, resource companies, structured related products, and IPO’s.


About AltX

AltX ( is a market-leading alternative investment platform. Founded in 2012 and headquartered in Sydney, AltX provides bespoke access to alternative income-generating products which have traditionally been inaccessible to individual investors.  AltX has funded in excess of $2bn of transactions since inception with zero loss of investor capital.


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