Combining equity and credit underwriting expertise, OAFIT offers alternative asset-backed investments to suit income-oriented investors.

OAFIT is a securitized portfolio of Asset Backed Securities (‘’ABS’’). The fund applies the principals of securitization across the private debt sector and is unique in its value proposition by providing access to a range of private debt investments including, invoice and supplier finance, corporate lending, and SME loans, within a risk mitigated strategy.

OAFIT offers first-loss protection and credit enhancement to all investors across its capital structures with the principals participating in the first-loss piece of the structure.

OAFIT’s fixed income portfolio aims to provide regular distributions, and its typically short-term loan bias also seeks to offer liquidity in a traditionally ‘’illiquid’’ asset class. We have a 7-year audited track record and count some of the world’s largest asset managers and credit funds in our capital table. The fund is supported by ~125 FTE across its underlying funding vehicles and accesses market leading technology and systems architecture in its portfolio management.

Preservation of your capital and income is our first priority.


  • Policy setting and governance oversight by Board, Credit, Investment and Compliance Committees – all having non-executive representation.
  • Strict adherence to Credit Policies, procedures, and eligibility criteria.
  • Credit enhancement via the use of structural subordination, collateralisation and the use of trade credit and other insurance policies where possible.


  • Diversification by obligor, sector, and asset category.
  • Short duration and largely self-liquidating assets.
  • Low statistical default probabilities (not greater than 1% based on track record of Fund Manager)


  • Proprietary asset and liability credit management systems assist in the achieving integrity and consistency in credit decisions and underlying receivables management.
  • Scalable technology provides efficiency in short-term, small amount credit contracts.
  • Important internal separation of credit approval and payment processing.


  • The Trust Manager assigns a probable default rate and loss given default rate to underlying exposures using statistical and independent credit scoring data.
  • Access to insurance and other security arrangements are taken into account when assessing the risk of each underlying asset to arrive at a probable loss for each investment and the portfolio as a whole.
  • The Fund will maintain access to loss reserves/provisions not less than 2 x Expected Loss.


  • The Fund enhances the credit profile of its underlying investment portfolio via the use of insurance and structural subordination.
  • Trade Credit Insurance (TCI) is used to cover payment obligations arising in connection with business-to-business trade.
  • Structural subordination also known as “first-loss” protection is available to all Noteholders, with a Series Notice requirement minimum of at least 10%.
  • TCI and structural subordination are not used as substitutes for sound credit decisions, please see the Risk Management section of this website for further information.