The Alceon Australian Property Fund has been issued a “4 IP” rating from Research IP, with a score of 3.62/5.
The Alceon Australian Property Fund (“the Fund”) aims to provide investors with a combined return of recurring income, derived from either long term rental leases or a contracted nature and enhanced returns from selected value add and development assets with some gearing.
The Fund comprises a hybrid portfolio of listed and unlisted property and infrastructure against a benchmark comprising 50% A-REITs and Listed Infrastructure and 50% Unlisted Property and Infrastructure.
What is the Fund’s competitive advantage?
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Research IP says
“Investors can gain access to the ‘illiquidity premium’ within unlisted assets but with reduced liquidity risk given large allocation to listed markets.“
“Exposure is through private debt as well as equity. Ultimately the Manager is aiming to give an investor ‘pure’ exposure to the recurring income of property and infrastructure assets, whether that is through equity or private debt exposure. The bias is toward equity.“
“The Manager has disciplined approach to asset allocation, with well-defined limits and guidelines. The key underlying factors taken into consideration are ultimately liquidity, location on the risk spectrum, sectoral preferences, and concentration/number of assets.“
“The Manager is transparent about ownership and rewards, fostering a healthy team atmosphere where everyone works together towards the same goals as the investors.”
Research IP, 21 August 2023
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