ROCast 3: Joe Millward - Growth purpose lending & the impact of rising rates on credit markets

The Rate of Change is a ROC Cast, which explores the ever-shifting momentum of financial markets through the eyes of the leading managers in wealth management.

In today’s “ROC Cast” with I am speaking with Joe Millward, a founding partner and portfolio manager for Epsilon Direct Lending. Joe joins us to discuss the origins and nuances of the strategy, the corporate lending environment, and the impact of rising rates on private credit markets.

The fund is an Australian based, non-bank corporate lender and private credit manager, which specialises in providing loans of AUD $10m - $50m to Australian mid-market corporates for growth purposes. Epsilon targets an income return of 8.5% p.a. and as of 31st of August the monthly return was 86 basis points. The fund has a 90-day duration, current liquidity is at 20 months and according to Moody's, the funds’ credit rating is BB.

I think you will really enjoy the discussion with Joe, and you may find his thoughts on lending for growth purposes and how it differs to other private credit lending very insightful.

Enjoy

York Wealth Management

www.yorkwealth.com.au