Accompanied by regular guest Dino Zuccollo, the UK team of Richard Asherson and James Lightbody joined us on Magic Markets to give us an update on the latest capital raise in the Westbrooke Yield Plus fund and take our listeners through a case study of how some of these deals are structured.
After an extraordinary pace of rate hikes by the Bank of England, the base rate in UK now offers genuinely appealing yield and this presents opportunities for the fund and for investors. Westbrooke targets a return well above the cash rate in the UK by lending in the private debt market, with the current annualised yield sitting at 9%.
To understand more about the underlying exposure, the team gave us a detailed example of the types of deals in the fund and the level of security negotiated on the loan. It demonstrates why Westbrooke can compete in a space where large commercial banks struggle to justify the structuring efforts required to optimise the risk-return profile.
For more on Westbrooke Yield Plus, visit this link (https://westbrooke.com/yield-plus/) or follow Westbrooke on LinkedIn or Twitter. Westbrooke Alternative Asset Management is an authorised Financial Services Provider, FSP number 46750.