Income Asset Management (ASX: IAM) will launch a new managed account providing wholesale investors with access to the institutional corporate syndicated loan market.
The offering provides private clients, SMSF investors, and financial advisers diversified exposure to high-quality debt with stable yields comparable to maturing ASX-listed hybrids.
“With billions in ASX-listed hybrids maturing in the coming years, investors are searching for alternatives that offer similar yields but better diversification,” Jenna Hayes, head of sales capital markets at Income Asset Management says.
“Our managed accounts can provide that, with the added benefit of institutional-style creditor protections that simply don’t exist in the retail hybrid market.”
A key differentiator of IAM’s offering is its focus on syndicated loans, which have traditionally been a market developed and dominated by major banks. These structures provide stronger investor protections, rigorous due diligence, and alignment with banking syndicates in the event of restructuring or defaults.
“Syndicated loans are a lender-friendly asset class, supported by the deep expertise of major banks, and provide an opportunity for wholesale investors to access a market typically reserved for institutions.”
The Investment Committee for the managed account includes founding member of Platinum Asset Management James Simpson and IAM Director Danielle Press.
The managed accounts will require a minimum investment of $250,000 and will typically hold between 10 to 15 carefully selected debt issuances, offering investors an attractive alternative to traditional private credit funds.
Ms Hayes says private credit funds often concentrate on property-backed lending, whereas IAM’s managed accounts provide exposure to corporate debt, reducing concentration risk while maintaining attractive yields.
“Unlike traditional funds, our managed accounts give investors complete transparency and control, with direct ownership of each underlying asset,” Ms Hayes says.
“This structure softens concerns often associated with pooled investments while providing all the benefits of professional portfolio management.”
Perpetual will serve as the standard custodian, supported by trustee services from Trustees Australia Limited.
