Keyview Credit Opportunities Fund
The Fund aims to achieve superior risk adjusted returns regardless of market cycles, with a focus on capital preservation, by investing in a diversified portfolio of private credit asset backed & cash flow lending investments (For Wholesale Investors)
Keyview Financial Group, formerly Realside Financial Group and Realside Capital, is a private markets specialist.
We invest the across the mid-market and into high quality companies and asset owners to facilitate their growth or solve complex funding arrangements that require specialist skills and resources.
Our bespoke approach allows us to generate highly attractive risk adjusted returns for our clients with a focus on capital preservation, large margins of safety and strong alignment with all our stakeholders.
Fund Overview
The Keyview Credit Opportunities Fund, formerly the Realside Capital Opportunities Fund (the “Fund”) aims to achieve strong equity like returns with debt like characteristics through investments in a range of unlisted situations with a predominant focus on asset backed senior secured debt.
Fund Objective
The investment objective is to provide consistent positive returns irrespective of the market cycle on a superior risk adjusted basis. This is achieved by seeking to allocate to private market investments with a predictable investment outcome and strong capital protection. The Fund will gain exposure to high quality assets or businesses through a more secured investment position.
Investment Strategy
The Fund invests across a diversified portfolio of private credit investments with the aim of providing predictable and superior risk adjusted returns, with a focus on capital preservation and generating long term positive returns. The Fund will predominantly gain its exposures through debt instruments including private credit instruments (which may include bilateral loans) and publicly traded debt, notes, bonds and syndicated debt facilities. The returns are predominantly fixed, although the Fund may benefit from additional upside, through equity positions (including securities (listed or unlisted), warrants, options or convertible notes).
Investment Universe and Portfolio Construction
The Fund invests across a range of sectors, with a strong emphasis on asset security and cashflow realisation. Key exposures will include both project finance and/or term finance for both property and operating assets, asset finance for commercial assets and growth funding for businesses with asset-backing and strong cash generation abilities. The Fund seeks to diversify investments across industries, geographies, asset types as well as counterparties this return.
Investment Philosophy
1. Capital Preservation: Protection of our investors’ capital in our primary focus in any investment made.
2. Attractive Risk Adjusted Returns: Opportunity to capitalise on current market dislocation and generate attractive investment returns for limited risk.
3. Flexibility of Capital: Focus on senior secured positions combined with ability to invest across the capital structure is key to meeting borrowers’ needs whilst achieving the Fund’s target returns.
4. Proprietary Sourcing Network: Extensive network of middle market participants ensuring consistent and differentiated investment opportunities.
5. Multi-Sector Expertise: Investment credentials in numerous industries supports portfolio risk diversification and consistent capital deployment through the cycle.
6. Alignment: The Principals’ personal investments in the Fund ensures alignment with investors.
To get access to our IM and application form, please contact: clientrelations@keyviewfinancial.com
Further information on the Keyview Financial Group can be found at www.keyviewfinancial.com
This listing is by a representative of Keyview Investment Management Limited (AFSL 546246). It does not take into account your personal objectives, financial situation or needs, and is available to wholesale investors only. Before investing, you should consider seeking independent advice and read the relevant Offer Document in full.
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Alex is the Managing Partner of Keyview and is responsible for the overall business and expansion. Alex also sits on both the Keyview Investment Committees.
Alex has more than 25 years’ experience working with leading global investment firms based in Australia and offshore. During his career, Alex has been responsible for the management of client capital across both private debt and equity. Prior to Keyview, Alex was CEO/CIO of Atrium Investment Management, and held senior executive positions at Magellan Financial Group and Capital Partners (now CP2) where he was responsible for the management of domestic and offshore mandates.
Alex has a Masters of Applied Finance and a BA from the University of Sydney.
Kevin has over 20 years’ experience in financial markets including 9 years focused on multi-strategy investment management. Kevin was based in Hong Kong and worked at Stark Investments and its spin-off, OCP Asia for 9 years as a Portfolio Manager of their Australasian and Greater China portfolios. During this time, he managed investments across multiple asset classes including equities, credit and privates. Kevin’s prior experience also includes 8 years in investment banking at JPMorgan in both Australia and Hong Kong where he focused on mergers & acquisitions as well as equity capital and derivatives markets.
Ian Gibson has over 25 years’ experience in financial markets. For much of the last 15 years Ian has acted as a Director, investment adviser and consultant to a range of financial groups and organisations. As well as being a Keyview IC Member and on the Board of Realside Property, Ian is a Director of Attunga Capital Pty Ltd (a power trading hedge fund), a Director of Regal Funds Management (a long/short equity hedge fund), an adviser to RPG Management Pty Ltd (family office), an IC Member of Atrium Investment Management (a multi-asset fund manager), a Director of Kilter Pty Ltd (a water and farmland asset manager) and a Director of Renew Power Group Pty Ltd (a renewable energy asset owner and developer). Previously, Ian was an equities analyst and portfolio manager at Fidelity Investment Management (H.K.) Ltd, an equities analyst at Potter Warburg/SBC Warburg and earlier in his career worked at the State Bank of New South Wales and BZW Australia.
Ian holds a Bachelor of Laws and Bachelor of Business (Finance) from the University of Technology, Sydney and a Diploma in Applied Finance and Investment from the Securities Institute of Australia.
The Fund's latest monthly update report - November 2023
Our funds have the flexibility to invest anywhere through the capital structure including in multiple parts of the capital structure. Our primary focus is on senior secured credit, with this typically representing >80% of our fund’s composition at any point in time.
We have the flexibility to invest across all sectors/asset classes, with a range of sector expertise sitting across our team and coupled with a panel of technical advisors. We believe this allows us to move between in-favour and out-of-favour sectors.
Investments in private markets can yield higher returns due to the illiquidity premium, as investors are compensated for committing their capital for longer periods. Additionally, private investments often include tailored investor protections and covenants, which can help to mitigate overall risk of a particular investment.
Private market investments involve detailed due diligence, structured deal terms, and active management, which help in identifying and mitigating risks. This hands-on approach allows for more controlled risk management compared to public market investments.
Private markets can be less immediately impacted by short-term market fluctuations and economic downturns compared to public markets.
As credit-oriented investors, our underlying strategy is to protect our capital in all scenarios. The situations we evaluate typically have an element of complexity, require a bespoke funding solution or require capital in an expedient manner that allows us to generate excess returns.
Our returns are primarily generated through senior secured loan investments with significant margin of safety built into them from the collateral protection we obtain.
While all loan positions must pass conservative downside cases ahead of being underwritten, we will take control of the situation to the extent we start to see early signs of mismanagement/value deterioration. We are active asset managers and have the experience to workout/turnaround underperforming investments.
We primarily target borrowers who require growth capital or transitional capital or those who have limited access to traditional capital markets. Our flexible mandate aims to address three specific requirements for borrowers: (1) complexity, (2) bespoke funding solution; and (3) speed of execution.
The fund's returns are generated from upfront fees, interest income (cash or capitalising), plus any additional enhancements negotiated in a transaction (e.g. warrants, convertible features, exit fees etc.).
Our funds offer flexibility of redemptions, allowing investors to manage their liquidity. It’s important to note, however, that while this feature provides an avenue for early exits, the underlying investments carry an inherent level of illiquidity.
Statutory Statement
This offer of scheme interests is available to wholesale clients only. This product listing was vetted by and approved by the product issuer identified above before publishing. Investment Markets (Aust) Pty Ltd AFSL 527875 (IM) is not the issuer of the product.
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