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Gryphon Capital raises $175m for LIC

By Reporter
 — 1 minute read

Boutique fund manager Gryphon Capital Investments has raised $175 million to list its fixed income fund on the ASX.

In a statement, Gryphon Capital Investments announced its Gryphon Capital Income Trust had exceeded the minimum offer amount of $100 million by $75 million and will list on the ASX on Monday, 28 May.

Australian retail investors will be able to access “a relatively low risk investment strategy” through the fund, such as secured wholesale bonds in fixed income, and has a target return of five per cent per annum.

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“The new listing will enable retail investors to have access to an institutional grade strategy in key times of increased market volatility, providing an alternative to cash term deposits and equity-like yielding instruments,” the statement said.

Gryphon Capital Income has $1.7 billion in funds under management.


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Gryphon Capital raises $175m for LIC
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