Pengana Diversified Private Credit Fund

Unparalleled
Access

Global
Opportunities

HIGHLY
DIVERSIFIED

Targeting
STRONG
RISK-ADJUSTED RETURNS

The Pengana Diversified Private Credit Fund offers wholesale investors unparalleled access to a professionally constructed portfolio of high-quality global private credit investments.

The Fund is supported by Mercer’s investment advisory team who, along with the responsibility of sourcing, research and due diligence of underlying managers, bring local and global footprint, access and investment expertise.

Key Features OF GLOBAL PRIVATE CREDIT

Diversification

Investing in a global private credit portfolio allows investors to diversify their portfolio across various sectors and geographical regions, reducing risk.

Higher returns

Investors in global private credit receive a yield premium, which is typically floating rate, over traditional fixed income.

Inflation protection

Private credit investments can provide a hedge against inflation as the underlying assets are predominantly floating-rate investments.

Illiquidity premium

Private credit investments are often illiquid, which can lead to a higher return compared to traditional fixed income, as compensation for the lack of liquidity.

Lower correlation
with public markets

Private credit investments tend to have a lower correlation with public markets, providing a potential source of diversification.

Flexibility

Private credit investments offer a wide range of investment options, providing flexibility to investors.

Credit enhancement

Global private credit assets are predominantly secured loans underpinned by contractual agreements with borrowers, which may result in lower default rates and higher recovery rates relative to other credit alternatives.

access toP-RATED MANAGERS

 The Fund provides exposure to top-rated managers with strong track records and sustainable competitive advantages.

Long-term investment horizon

Private credit investments typically have a long-term investment horizon, providing an opportunity for investors to achieve strong long-term returns.

MERCER’S ROLE

Mercer has been appointed as investment advisor and is primarily responsible for underlying manager sourcing, research, and due diligence. All underlying managers identified by Mercer are rated by Mercer’s global research team and have undergone operational risk assessments, which provides an additional level of governance. Mercer also provides assistance with portfolio construction, Underlying Manager monitoring, valuation, performance measurement and asset and liability modelling.