Quoted on the ASX. Buy and sell units on the ASX daily^
Buy and sell units on the ASX during trading hours, providing access, flexibility, and transparency not typically available in traditional private credit funds.
ASX Code
LF1
Lists
27 June 2025
Target Cash Distribution Yield
Equivalent to the following yield as at 26 May 2025
of 7.10% p.a 1, 2
Overview
Looking for the power of income-focused private credit, with the convenience of the ASX? Look no further. The La Trobe Private Credit Fund (LF1) provides monthly income, daily liquidity,^ and access to an award-winning private credit strategy, all through a single ASX listed vehicle.
The La Trobe Private Credit Fund provides complementary exposure across our flagship 12 Month Term Account and US Private Credit Fund for low-volatility returns with diverse, professionally managed portfolios.
Invest with La Trobe Financial. With over 70 years’ experience and more than 110,000** investors globally, La Trobe Financial is a trusted investment partner delivering reliable income and low volatility results across market cycles.
Next Steps
Are you an existing unadvised La Trobe Financial retail or wholesale investor?
You are eligible for the priority offer and will be sent an individual invitation via email on or around 3 June 2025.
Do you have an adviser?
Please contact your adviser for further information on how to participate.
Do you have a broker?
Please ask your broker. Only brokers with an existing relationship with one of the Joint Lead Managers CommSec, Ord Minnett, Taylor Collison, Morgan Stanley and Shaw & Partners will be able to participate in the Broker Firm Offer.
Key Benefits
Diversified Exposure
Gain access to a broad portfolio of Australian real estate private credit and U.S. middle market private credit, two complementary asset classes focused on delivering risk-adjusted returns.
Proven Manager
Managed by La Trobe Financial, an award-winning investment manager with seven decades of experience.
Quick Facts – La Trobe Private Credit Fund ASX – LF1
ASX Code
LF1
Lists
27 June 2025
Distribution frequency
Monthly
Minimum Offer Size
$100,000,000
Maximum Offer Size
$300,000,000
Subscription Price Per Unit
$2.00
Minimum Investment Amount
$2,000
Registry
Automic Group
Further information regarding the offer can be found in the PDS
Understanding The Risks
Prior to investing, you should consider the risks involved and whether they are appropriate for your objectives and financial circumstances.
The Fund will provide exposure to two flagship funds with portfolios of private credit assets, which includes proprietary first registered mortgage loans secured by Australian property, and first-lien U.S. loans. As such, the Fund is exposed to the risks that are specific to these assets.
The Responsible Entity believes the following represent the key risks associated with investing in the Fund.
Market and investment risk – the value of an investment in the Fund and/or the Fund’s investments may fall or perform poorly in the short or long term for a number of reasons. An Investor is exposed to these risks through the life of their holding of Units in the Fund and through the Fund’s investment strategies and policies.
Investment strategy risk – failure by the Manager to manage the Investment Strategy successfully, including due diligence, portfolio construction, risk management and observance of investment and regulatory guidelines, could negatively impact the performance of the Fund.
Market and economic risk – certain events may have a negative effect on the price of all types of investments within a particular market in which the Manager holds investments. Industry specific shocks relevant to underlying loan assets and general market disruption can adversely impact the value of the assets that underpin the value of the Fund.
Credit and default risk – one or more assets to which the Fund is exposed may decline in price or fail to pay interest or principal when due because the credit counterparty or borrower experiences a decline in its financial status. While there are a number of strategies that may be employed by the Manager to manage losses, there is no assurance that they will be successful.
Valuation risk – valuations of the investments made by the Underlying La Trobe Funds are expected to involve uncertainties and discretionary determinations. Third-party pricing information may not be available regarding a significant portion of investments made by the Underlying La Trobe Funds and the information utilised to value such assets or to create the pricing models may be inaccurate or subject to other errors.
Currency risk – the functional currency of the Fund and the Underlying La Trobe Funds is the Australian dollar. The La Trobe US Private Credit Fund’s investment in LGAM Private Credit LLC is in USD, and changes in the USD relative to the AUD may cause changes in the value of the La Trobe US Private Credit Fund’s investments and / or distribution returns paid to investors. The responsible entity of the La Trobe US Private Credit Fund intends, on a best endeavours basis, to implement hedging arrangements to reduce the impact on the value of assets of the La Trobe US Private Credit Fund of currency fluctuations.
Fund risk – the Fund may be exposed to risks that are specific to the Underlying La Trobe Funds, including operational, distribution, valuation, liquidity and tax risks. Further, the Fund does not directly hold the underlying investments and is subject to controls established by the Underlying La Trobe Funds that provide the investment exposure that complies with the Fund’s investment objective, investment strategy and investment guidelines.
How To Participate
Product Disclosure Statement
Firstly, please read the Product Disclosure Statement.
Direct Unadvised La Trobe Financial Investors
You will be sent an individual invitation via email on or around 3 June 2025.
Do You Have An Adviser Or Broker?
Please ask your adviser or broker. Only brokers with an existing relationship with one of the Joint Lead Managers CommSec, Ord Minnett, Taylor Collison, Morgan Stanley and Shaw & Partners will be able to participate in the Broker Firm Offer.
Contact Us
We are always here to help. Call our friendly Asset Management team on 13 13 57
Important:
1 The target cash distribution yield is calculated based on the RBA Official Cash Rate as at the last Business Day of each month.
2 The target cash distribution yield is an objective target only and may not be achieved. Any shortfall in net income generated may result in a distribution payment made out of capital invested. Future returns are not guaranteed and a loss of principal may occur. Investors should review the Risks summary set out in Section 8 of the PDS. The first distribution is expected to be paid with reference to the period ending on 31 July 2025, with July 2025 being the first full month following the Settlement Date.
^Units can be bought and sold on the ASX during trading hours, subject to their being sufficient supply & demand and the units not being suspended from trading.
The information contained on this website is of a general nature and does not take into account the investment objectives, financial situation, taxation situation or needs of any particular investor. An investor must not act on the basis of any matter contained on this website but must make its own assessment of La Trobe Financial and the Fund and conduct its own investigations and analysis. Investors should assess their own objectives, financial situation and needs before making any investment decision.
An investment in the Fund is not a bank deposit, and investors risk losing some or all of their principal investment. You should take this fact into account in deciding whether to invest in the Fund.
Certain statements on this website constitute forward looking statements and comments about future events, including La Trobe Financial’s expectations about the performance of its businesses and the Fund. Such forward looking statements involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of La Trobe Financial and which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements. Forward looking statements are provided as a general guide only, and should not be relied on as an indication or guarantee of future performance. Given these uncertainties, recipients are cautioned to not place undue reliance on any forward looking statement. Subject to any continuing obligations under applicable law La Trobe Financial disclaims any obligation or undertaking to disseminate any updates or revisions to any forward looking statements on this website to reflect any change in expectations in relation to any forward looking statements or any change in events, conditions or circumstances on which any such statement is based.
Past performance is not indicative of future performance and no guarantee of future returns is implied or given. Nothing contained on this website nor any information made available to you is, or shall be relied upon as, a promise, representation, warranty or guarantee as to the past, present or the future performance of La Trobe Financial or the Fund.
La Trobe Financial Asset Management Limited ACN 007 332 363 Australian Financial Services Licence No. 222213 is the responsible entity of the La Trobe Private Credit Fund ARSN 686 964 312. It is important you consider the Product Disclosure Statement (PDS) before deciding whether to invest or continue to invest in the fund. The PDS and Target Market Determination are available on our website.
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