Private markets solution provider Truffle Private Markets has rebranded and launched a private debt portfolio for high-net-worth and retail investors.
Truffle has changed its name to Troviq Private Markets to reflect its growth as a business and said the new branding will better represent the services it offers to its B2B partners.
The rebrand coincides with the launch of the TPM Privium Private Debt Portfolio in partnership with Privium Fund Management. The portfolio aims to provide wealth managers and retail investors with diversified exposure to the private debt market.
The fund aims to overcome many of the barriers for smaller investors to access private credit by providing efficient deployment and reinvestment of capital mixed with appropriate liquidity for a retail investor base.
The strategy will deliver diversification across sectors and managers with hundreds of underlying senior secured private loans across North America and Western Europe. By focusing on senior secured loans to mid-market corporates, Troviq said it will provide protection and limit loss rates while aiming to generate returns comparable to private equity portfolios with much lower risk.
Allocations will be made via commitments to GP SMAs, single loan co-investments and secondaries market transactions.
Jason Proctor, founder and managing director of Troviq, said: “Private debt strategies have become increasingly attractive for investors across the spectrum, especially as they look from increased diversification across asset classes and strategies. In the high interest rate and volatile environment we find ourselves in, investing in private debt can provide downside protection, low volatility, and low correlation to traditional asset classes, making it an attractive proposition for investors.”