Gryphon Capital announces new IPO
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.
AUTHOR
Staff Writer
Recommended for you
Financial advice platform Otivo has made an experienced appointment from the US as its head of product strategy.
Apostle Funds Management has appointed the newly created position of director, head of wholesale as the firm expands its Australian footprint in the wholesale sector.
Recruitment manager Robert Half has shared the most in-demand roles in financial services that firms are finding difficult to fill, driven by ASIC’s growing focus on risk and compliance.
ASIC chief executive, Warren Day, is among senior executives to depart the corporate regulator amid changes to its leadership team.
