Qualitas Private Income Credit Fund (QPICF)
An unlisted, open-ended fund that invests in a diversified portfolio of senior secured commercial real estate (CRE) loans, focusing on assets with predictable cash flows located on Australia’s eastern seaboard. The fund aims to provide wholesale investors with secure, stable and predictable returns.
Fund benefits
Regular monthly income1 at attractive risk-adjusted returns with the potential for capital preservation
Investing alongside Qualitas institutional mandates in larger investments with quality borrowers
Expert real estate investment manager with an 18-year track record of outperformance through market cycles
About the fund
Since launching our first senior debt fund in 2017, we’ve expanded to offer a range of listed and unlisted funds designed to deliver regular income and attractive risk-adjusted returns while protecting capital. Our funds provide investors with targeted exposure to specialised real estate debt, without the complexities and risks of direct property ownership.
The Qualitas Private Credit Income Fund leverages the 9-year track record of the Qualitas Senior Debt Fund (QSDF), which has consistently met its performance targets while maintaining a strong focus on capital preservation. By investing across multiple real estate sectors through the QSDF structure, the Fund benefits from the stability and lower risk profile of a diversified portfolio.
The Fund is managed by an industry-leading investment team with 18 years of experience analysing real estate opportunities from both a debt and equity perspective – a dual capability that provides a distinct competitive advantage.
Key risks of real estate private credit funds
Two primary real estate private credit risks are a loss of loan principal and a loss of loan income. The loss of loan principal is the risk that a borrower cannot repay the loan and the security property value declines and is insufficient to meet the full repayment of the loan. The loss of loan income is the risk that cash flow from property or other borrower sources will be insufficient to pay loan interest and fees that are due to the lender.
These risks can be managed through prudent loan-to-value ratio levels, a strong focus on senior debt, robust covenants, geographic diversification, sector diversification, short loan tenor and an asset management model.
Fund facts
| Fund structure | Open-ended |
| Inception date | December, 2023 |
| Fund size | $151.3m (as at 30 June 2026) |
| Target return | 90-day BBSW + 4.00% p.a. (net of fees, pre-tax) |
| Distributions | Paid monthly in arrears. Income and capital distributions are not guaranteed. |
| Fund liquidity | Quarterly redemptions |
| Management fee | 1.0% of the Net Asset Value (NAV) + 0.5% on undrawn portion construction loans only. |
| Portfolio composition | Senior loans |
Fund management team
How to invest
For advisers
Invest via your usual platform
- BT Panorama
- HUB24
- Mason Stevens
- Netwealth
For investors
Invest via your usual platform, or you can contact your adviser or broker
News and insights
Firm news
ESG
Join our newsletter
Please keep me up to date with the latest news and insights.
Please view the communications elections for the new options available to security holders as to how you elect to receive your communications. Should you have a complaint, please access the complaints document for more information.
Qualitas is committed to ensuring the confidentiality and security of individuals’ personal information. Click here to view our privacy policy.
Disclaimer
- Past performance is not a reliable indicator of future performance.
This website contains general information only and does not take into account your investment objectives, financial situation or needs. Qualitas is not licensed to provide financial product advice in relation to Qualitas shares or any other financial products. This announcement does not constitute financial, tax or legal advice, nor is it an offer, invitation or recommendation to apply for or acquire a share in Qualitas or any other financial product. Before making an investment decision, readers should consider whether Qualitas is appropriate given your objectives, financial situation and needs. If you require advice that takes into account your personal circumstances, you should consult a licensed or authorised financial adviser. Past performance is not a reliable indicator of future performance.