Labassa Capital Credit Fund Update November 2024

In closing of the year of 2024, Labassa would like to thank all of our new and long-standing investors for your participation in the Fund. On a 12 month rolling basis, the Fund has achieved an investor return of 10.61% p.a. net of fees as of November 2024. The return is considered very strong based on the conservative risk profile of the Fund’s investment portfolio. All investments as of 30 November are first mortgage facilities secured against real assets located in Sydney and Brisbane. The overall average portfolio loan to value ratio (LVR) is 64.40%.  

In the 2024 calendar year, several investments have been fully exited upon successful completion of the projects and refinancing. The Fund has received full principal and interest repayments of these matured investments and investors have received cash distribution or have received additional units in the Fund through reinvestments.

Labassa maintains a cautiously positive outlook for the year of 2025. Capital preservation and attractive risk adjusted return continue to be at the core of Labassa’s investment strategy. We remain vigilant on investment risk management through due diligence discipline and active portfolio management. To date, Labassa has kept the zero capital loss record across all investments since 2019 inception of the business.

We wish our investors, project partners and peers a joyful break over the festive season and we look forward to working with you in 2025.

Melissa Hosgood

Managing Director

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