Gryphon Capital Investments has announced the initial public offering of the Gryphon Capital Income Trust (GCIT), and sought to raise $350 million through the offering.
The GCIT strategy would combine the processes of GCI’s existing institutional funds, Secured Opportunities and Investment Grace Securities.
Retail investors would, for the first time, have direct access to residential backed mortgage securities and asset backed securities.
This would provide a unique opportunity for such investors to access a portfolio of secured wholesale bonds in an ASX listed vehicle managed by a specialist fund, rather than preserve the market for institutional investors.
