Johannesburg-based Westbrooke Alternative Asset Management raised £15m (ZAR350m) in Q2 2024 for its flagship private credit fund, Westbrooke Yield Plus, according to a report by FAnews.
The private credit fund also removed initial lock-in periods during Q2.
The report quotes Dino Zuccollo, head of investor solutions at Westbrooke: “Westbrooke Yield Plus now boasts a six-year track record of performance and has never had a down month.
“The fund now manages over £170m in assets and continues to achieve a net yield of c.9% in GBP — significantly above that currently achieved by comparative cash, bonds and fixed income investments.”
Zuccollo added that the firm’s portfolio comprised “approximately 50 senior loans mainly secured against property in the UK and surrounds”.
Westbrooke was founded in 2004 and offers investments across private equity, private credit, hybrid capital and real estate in South Africa, the UK and the USA. It manages around ZAR12bn.
