BPC Cliffwater Private Credit - Managed Fund

Fund Objective

The Responsible Entity intends to obtain the Fund’s exposure by substantially investing all of its assets into Class I Shares in the Underlying Fund (the Cliffwater Corporate Lending Fund).

Fund Strategy

The Responsible Entity intends to obtain the Fund’s exposure by substantially investing all of its assets into Class I Shares in the Underlying Fund (the Cliffwater Corporate Lending Fund).

Fund Performance Comparison

Relative Fund Performance vs {{ fund.benchmark.peers.peerCount }} peers using {{ fund.benchmark.name }} as their benchmark.

{{ fund.name }}

Peers

Benchmark ({{ fund.benchmark.name }})

{{ fund.model.name }}

The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

Fees Comparison

% p.a.

Average of peers ({{ fund.benchmark.peers.peerCount }})

NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	0.23%	1.11%	2.9%	-%	-%	-%	-%	-%
Growth return	-0.17%	0.69%	-2.04%	-%	-%	-%	-%	-%
Income return	0.4%	0.42%	4.94%	-%	-%	-%	-%	-%
Market index (Morningstar AUD 1M Cash GR AUD)
Total return	0.29%	0.87%	1.77%	3.75%	4.05%	4%	-%	-%

As at 28 Feb 2026. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

BPC Cliffwater Private Credit

Cash: 2.57%

Fixed Interest: 97.43%

International Equities: 0%

Alternatives: 0%

Average Allocation of Peers

Cash: 38.30%

Fixed Interest: 4.86%

International Equities: 5.54%

Alternatives: 51.30%

General Information

Fund Details

Type	Description
Fund Name	BPC Cliffwater Private Credit
Responsible Entity	BetaShares Capital Ltd
APIR Code	BSC7690AU
Sector/Asset Class	Alternative - Private Debt
Morningstar Rating	Not Rated
Legal Structure	Unknown
Fund Inception	27 Aug 2025
Fund Size	$24.95 million (as at 23 Mar 2026)
Entry Price	$4.99677 (as at 23 Mar 2026)
Exit Price	$4.99677 (as at 23 Mar 2026)
Fund Status	Open

Offer information

Type	Description
MER	1.75% (as at 20 Aug 2025)
Minimum initial investment	$10,000.00

Your guide to next steps

Dealing with a struggling fund? What to Do and Look For

Your managed fund switching checklist. Is fear of capital gains tax holding you back?

The Great Investment Fee Scam is hiding in plain sight. And it's ripping us all off.

Guide to tidying up your Portfolio Manager holdings

FAQs about the BPC Cliffwater Private Credit

What is the objective of the BPC Cliffwater Private Credit managed fund?

The objective of the BPC Cliffwater Private Credit managed fund is The Responsible Entity intends to obtain the Fund’s exposure by substantially investing all of its assets into Class I Shares in the Underlying Fund (the Cliffwater Corporate Lending Fund).

What is the strategy for the BPC Cliffwater Private Credit managed fund?

The strategy of the BPC Cliffwater Private Credit managed fund is The Responsible Entity intends to obtain the Fund’s exposure by substantially investing all of its assets into Class I Shares in the Underlying Fund (the Cliffwater Corporate Lending Fund).

What is the APIR code of the BPC Cliffwater Private Credit managed fund?

The APIR code of the BPC Cliffwater Private Credit managed fund is BSC7690AU.

What was BPC Cliffwater Private Credit’s total return last month?

BPC Cliffwater Private Credit’s total return last month was 0.23%. This was made up of a growth return of -0.17% and an income return of 0.4%. These returns were calculated as at 28 Feb 2026.

What was BPC Cliffwater Private Credit’s total return for the last three months?

BPC Cliffwater Private Credit’s total return for the last three months was 1.11%. This was made up of a growth return of 0.69% and an income return of 0.42%%. These returns were calculated as at 28 Feb 2026.

What is BPC Cliffwater Private Credit’s one-year total return?

BPC Cliffwater Private Credit’s one-year total return is -%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 28 Feb 2026.

What is BPC Cliffwater Private Credit’s three-year total return?

BPC Cliffwater Private Credit’s one-year total return is -%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 28 Feb 2026.

What is the asset allocation of the BPC Cliffwater Private Credit managed fund?

The asset allocation of the BPC Cliffwater Private Credit managed fund is :

Cash: 2.57%

Fixed Interest: 97.43%

International Equities: 0%

Alternatives: 0%

Who is the responsible Entity of the BPC Cliffwater Private Credit managed fund?

The Responsible Entity for the BPC Cliffwater Private Credit managed fund is BetaShares Capital Ltd.

What sector/asset class does the BPC Cliffwater Private Credit managed fund belong to?

The BPC Cliffwater Private Credit managed fund belongs to the Alternative - Private Debt sector/asset class.

What is the size of the BPC Cliffwater Private Credit managed fund?

As at 23 Mar 2026, the size of the BPC Cliffwater Private Credit managed fund was $24.95 million.

What is the inception date of the BPC Cliffwater Private Credit managed fund?

The BPC Cliffwater Private Credit managed fund has an inception date of 27 Aug 2025.

What is the current entry price of the BPC Cliffwater Private Credit managed fund?

The current entry price of the BPC Cliffwater Private Credit managed fund is $4.99677 per unit and the current exit price is $4.99677 per unit (as at 23 Mar 2026).

What is the current exit price of the BPC Cliffwater Private Credit managed fund?

The current exit price of the BPC Cliffwater Private Credit managed fund is $4.99677 per unit and the current entry price is $4.99677 per unit (as at 23 Mar 2026).

What is the minimum investment amount for the BPC Cliffwater Private Credit managed fund?

The minimum initial investment amount for the BPC Cliffwater Private Credit managed fund is $10,000.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.

What our members say about us