Income Tailwinds
Attractive industry & market tailwinds, with growing addressable market
7.50% p.a*
Target Distribution Return$9.555711
Unit Price (as at 30/06/2026)**1 December, 2023
Class A Inception DateTarget Distribution Return (Annualised target yield, net of fees and expenses & before adjustments for FX rate fluctuations.)
Overview
The US middle market is benefiting from the biggest investment tailwinds of the coming decades. This includes re-shoring of jobs and manufacturing to middle-America and the AUD$500+bn pledged by the US Government to support decarbonisation.
Australian investors can access this asset class through a strategy carefully curated by our product partners, Morgan Stanley.
The US Private Credit Fund indirectly invests into a defensive portfolio comprising a majority of directly originated senior secured loans issued to US middle market companies.
Note: This offer is exclusively for Wholesale investors.
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Objectives
Quality Assets
Directly negotiated senior debt, majority or predominantly PE sponsored.
Quick Facts – Class A Units
Fund Inception
1 December 2023
Underlying Fund
LGAM Private Credit LLC
Target Distribution Rate
Annualised distribution yield of 7.50% p.a.*
Distributions
Monthly
Liquidity
Quarterly, generally up to 5% of Class A units#
Currency
AUD denominated - capital exposures hedged by La Trobe Financial on a best endeavours basis~
Management Fee
0.75%
Minimum Investment
$10,000
Asset Class
Fixed Interest
Important information : This offer is for wholesale investors in Australia only. For the avoidance of doubt, these products are not intended to be sold to US Persons as defined under Regulation S of the US federal securities laws.
~ While the Responsible Entity intends to do this on a best endeavours basis, the Fund may not provide complete protection from adverse currency movements.
* The target distribution return is net of fees and expenses but excludes any adjustments for FX rate fluctuations. The target return is reviewed monthly and may change. This target return is determined with reference to the return benchmark of the Secured Overnight Financing Rate (SOFR) + 3.50% as at 10 December 2025. This is a target return only and may not be achieved.
# Redemption requests are generally processed on a quarterly basis in accordance with the Information Memorandum. Investors do not have a right to redeem and the Responsible Entity (RE) may reject redemption requests. The ability to redeem is subject to liquidity and the processing of redemptions may be delayed or suspended in certain circumstances. The RE will limit redemptions to up to 5% of the issued Class A Units each quarter. Redemption requests exceeding that limit may be accepted by the RE, pro-rated or scaled back to 5%. Please refer to the Information Memorandum for more details about redeeming Class A Units and how to submit a redemption request form.
Understanding The Risks
When considering your investment in the La Trobe US Private Credit Fund (Fund), it is important that you consider such things as the risks involved in investing in the Fund, the extent that an investment in the Fund fits your financial objectives and goals, your risk appetite and the risks that other investment opportunities have. Detail about the risks attaching to investing in the Fund and the Underlying Fund (LGAM Private Credit LLC) are set out section 6 of the IM (Investment Risks). A list of some of the investment risks that we describe in Section 6 of the IM are Liquidity Risk, Valuation Risk, Interest Rate Risk, Currency Risk, Derivative Risk, Counterparty Risk, Regulatory & Political Risk, Taxation Risk, Conflicts of Interest Risk, Distribution Risk, Target Performance Risk, Fund Management and Operational Risk, NAV Calculation and Reporting Risk, Investment Manager Reliance and Conduct Risk.
How To Invest
Simply complete the application form attached to the Information Memorandum and forward this to [email protected].
La Trobe US Private Credit Fund and Underlying Fund Characteristics
As at 30 June 2026.
Underlying Fund Loan Assets
7As of 31 May 2026, based on fair market value. No guarantee can be given that the Fund will be able to identify similar or comparable investment opportunities, or have the same overall composition as shown above, in future periods. The Fund’s portfolio composition is subject to change any time without notice as permitted by the Fund’s offering and governing documents, as may be supplemented and amended. Figures shown are unaudited and are rounded and therefore totals may not sum.
View the latest Fund Profile
Ratings
Our ratings reports are only one factor to consider when deciding to invest. These reports are intended for the professional use of financial advisers only. By accessing any of the reports below you are confirming that you hold an AFSL or are an authorised representative. View (1), (3) and (4) on our Investor Disclaimer page for further information.
Zenith Investment Partners
La Trobe US Private Credit Fund – Class A Units rated “Recommended” – 2025
SQM Research
La Trobe US Private Credit Fund – Class A Units rated “High Investment Grade 4 stars” – 2025
Lonsec Research
‘Recommended’ rating for the La Trobe US Private Credit Fund Class A Units – 2025
(Please contact your BDM for access to this report)
How to Get Started
Information Memorandum
Download the Information Memorandum for Class A Units
Application Form
Complete the investor application form
Return to Us
Scan and email your application form to our investor team.
Contact us
We are always here to help. Talk to our friendly Asset Management team – 1800 818 818
~ While the Responsible Entity intends to do this on a best endeavours basis, the Fund may not provide complete protection from adverse currency movements.
* The target distribution return is net of fees and expenses but excludes any adjustments for FX rate fluctuations. The target return is reviewed monthly and may change. This target return is determined with reference to the return benchmark of the Secured Overnight Financing Rate (SOFR) + 3.50% as at 10 December 2025. This is a target return only and may not be achieved.
*** The Unit Price refers to both the Redemption and Issue Price.
# Redemption requests are generally processed on a quarterly basis in accordance with the IM. Investors do not have a right to redeem and the Responsible Entity (RE) may reject redemption requests. The ability to redeem is subject to liquidity and the processing of redemptions may be delayed or suspended in certain circumstances. The RE will limit redemptions to up to 5% of the issued Class A Units each quarter. Redemption requests exceeding that limit may be accepted by the RE, pro-rated or scaled back to 5%. Please refer to the IM for more details about redeeming Class A Units and how to submit a redemption request form.