because its low quality income. volatile private debt- investing in master fund, no one wants a poor structure/risk.
same issue with PGG master fund. i expect PGG to go below issue price as well.
you dont see MXT, NBI, PCI and GCI investing in their 'master funds' - they invest one at a time in each exposure. They arent in private debt, so have the luxury to do so. Private debt as illiquid can only invest in master funds. the structure is a dud for private debt.
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Last
$2.40 |
Change
0.010(0.42%) |
Mkt cap ! $774.0M | |||
| Open | High | Low | Value | Volume |
| $2.39 | $2.40 | $2.37 | $1.416M | 594.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 48275 | $2.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.40 | 397633 | 9 |
View Market Depth
| Last trade - 16.10pm 08/08/2025 (20 minute delay) ? |
| KKC (ASX) Chart |