Principal Private Credit Fund Not for Retail Investors C (PRINCIPAL PCREDITUI-C)

Dividend/Auto-Redemption History

Fund Details


This fund is not for retails investors (for Institutional Investors and Ultra High Net Worth Investors only)
High Risk or Complex Fund

Fund Name (short)PRINCIPAL PCREDITUI-RRisk Level8+
Fund Type Feeder Fund/ High Risk or Complex Fund (UI)Inception Date9 December 2025
Registered fund sizeTHB. 1,000 million (Green shoe 15%)Foreign Investment PolicyYes
Dividend PolicyNoneForeign exchange rateAccording to the discretion of fund manager
Investment Policy 
  • The fund's investment policy is to invest in foreign mutual funds that invest in private credit assets. Currently, the fund invests in units of only one foreign mutual fund, Principal Private Credit Fund iCapital Offshore Access Fund SPC (master fund) class I-Dis, averaging no less than 80% of the fund's net asset value over the accounting year (Feeder Fund). The master fund is registered under the laws of the Cayman Islands and is managed by iCapital Advisors, LLC.

  • The underlying fund will invest almost all of its assets in Principal Private Credit Fund (reference fund), institutional Class unit. The
    reference fund will invest at least 80% of its net assets, including borrowed funds, for the purpose of investing in private credit assets. 

  • These private credit assets include loans, bonds, or other credit instruments offered privately or issued by unlisted companies, as well as related equity securities such as warrants or preferred shares attached to debt instruments to enhance investment attractiveness.

  • The fund may also invest in structured notes and derivatives to enhance investment performance (EPM) and hedge against foreign
    exchange risk, at the discretion of the fund manager.

  • The performance of master fund differs from that of the reference fund due to master fund's management expenses.

Fund manager
  • Supakorn Tulyathan
  • Pochara Thimasan
  • Amornrat Taraporntip 
Fund Name (short)PRINCIPAL PCREDITUI-RRisk Level8+

Purchase/ Redemption

Subscription Period On the last day of every month, unit holders must place subscription orders at least 5 business days in advance (details as per the subscription, redemption and switching schedule in the attached document).
Minimum Subscription10,000 THB
Redemption Period

Normal redemption:

On the last day of each month following the end of each quarter, namely the last day of January, April, July, and October of each year, if it falls on a public holiday in Thailand, it will be postponed to the next business day. Unit holders must submit redemption orders at least 30 days in advance (details as per the subscription,redemption and switching schedule in theattached document).
Please note that the underlying fund limits the redemption of units in each quarter to
no more than 5% of the total number of units of the underlying fund. Investors may
receive less redemption proceeds than initially stated.

Auto-Redemption: 

Not more than 12 times a year by transfer PCREDITUI-R the redemption money to subscribe
PRINCIPAL TREASURY or as permitted by the management company.

Minimum RedemptionNot defined
Redemption PolicyWithin 30 business days after the redemption date (NAV announce T+21, Settlement T+25, CIMBT at 11.30 a.m.,SCB/ KBANK/ BAY/ TTB/ BBL/ LHBANK/KK/ TISCO at 1.00 p.m.)
Subscription Period On the last day of every month, unit holders must place subscription orders at least 5 business days in advance (details as per the subscription, redemption and switching schedule in the attached document).

Fee & Charges

Fees to Unitholder (% of Trading Value)*
Front-end feeNot exceeding 2.14% (Actual Charge 1.50%)
Back-end feeNot exceeding 1.07% (Waived)
Switching - in   FeeNot exceeding 2.14% (According to the conditions of sale of investment units)
Switching - out FeeNot exceeding 1.07% (Waived)
Fund Fee (% of NAV)*
Management FeeNot exceeding 2.14% p.a. (Actual Charge 1.07% p.a.)
Trustee FeeNot exceeding 0.33% p.a. (Actual Charge 0.0321% p.a.)
Registrar FeeNot exceeding 0.54% p.a. (Actual Charge 0.107% p.a.)
*Fee included VAT

Master Fund

Principal Private Credit Fund iCapital Offshore Access Fund SPC

Benchmark

N/A

Fund Performance

Date as of:
As at date :
Fund Year To Date Performance (%) 3M (%) 6M (%) 1Year (% p.a.)* 3Year (% p.a.)* 5Year (% p.a.)* 10Year (% p.a.)* Since Inception (% p.a.) * NAV (THB) Fund size (THB Million)
Principal Private Credit Fund Not for Retail Investors C (PRINCIPAL PCREDITUI-C) -1.31 % 9.8687 15.10
Benchmark: 0.00 %
Benchmark :
Standard Deviation Performance
Standard Deviation Benchmark