Mirabaud Private Credit II

A diversified private credit strategy focused on delivering resilient income through specialist manager selection.

Private credit markets offer an attractive opportunity for investors seeking stable income, diversification and reduced sensitivity to public market volatility. The asset class benefits from structural demand as banks have retreated from traditional lending, creating opportunities for specialist lenders to provide flexible financing solutions.

Mirabaud Private Credit II is designed to generate attractive income and risk-adjusted returns through exposure to specialist managers across multiple lending segments. The strategy focuses on investments backed by predictable cash flows and strong collateral, with a core allocation to corporate middle-market lending and commercial real estate bridge financing, complemented by tactical exposure to asset-based lending and specialty finance.

Through a multi-manager approach, the portfolio aims to combine diversification with rigorous manager selection, targeting income distributions alongside capital preservation. We aim to deliver target returns of 10–12% net IRR* with quarterly income distributions in the range of 8–10% annual cash-on-cash return*.

The strategy emphasises senior secured lending, strong collateralisation and cash-flow-generating assets, with a focus on limiting downside risk while maintaining attractive income potential.

^{*The strategy aims to make distributions on a quarterly basis, in cash, objective as from the final closing date. Difference between IRR and annual cash-on-cash is due to potential equity warrants.}