Rixon Capital is the Investment Manager of the Rixon Income Fund (“Fund”).
Our investment team has executed over $200 million in secured high-yield SME private credit lends since 2018, and over $10 billion in public & private market M&A.
The Fund is a private credit strategy focused on asset backed, senior secured lending that generates net monthly income of 0.92 - 1.00% for investors.
The Fund delivers an institutional, non-dilutionary funding solution to high quality borrowers seeking loans of $2m - $10m.
This lending segment is too small for large funds that seek to deploy large minimum cheques.
By targeting an underserviced niche the Fund generates a market-leading investor return via a scarcity premium rather than a risk premium.
The Fund offers investors a market leading degree of transparency, reflecting a de facto returns enhancement as they have visibility of portfolio composition & risk.
The Fund underwrites loans on a strict, prescribed mandate with all loans requiring:
*NIL value is ascribed to intangible assets such as valuation reports and equity as the Rixon Income Fund strategy requires real asset collateral
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Fund Performance (As of 30-Nov-24) | 1 month | 3 months | 6 months | 12 months | Annualised since inception¹ |
---|---|---|---|---|---|
Rixon Income Fund² | 0.99% | 2.90% | 5.79% | 11.48% | 11.89% |
RBA Cash Rate | 0.36% | 1.08% | 2.18% | 4.36% | 4.10% |
Benchmark³ | 0.85% | 2.58% | 5.19% | 10.38% | 10.21% |
Outperformance | 0.14% | 0.32% | 0.60% | 1.10% | 1.68% |
¹ Inception date 14-Nov-22
² Fund returns are after fees and costs. Past performance is not a reliable indicator of future performance
³ RBA Cash Rate plus 6% p.a.
Distribution History | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2022 | - | - | - | - | - | - | - | - | - | - | 1.79% | 0.80% | 2.59% |
2023 | 0.80% | 0.80% | 0.90% | 1.10% | 0.85% | 0.88% | 0.93% | 1.02% | 0.99% | 0.96% | 1.03% | 0.94% | 11.20% |
2024 |
0.94% | 0.94% | 0.94% | 0.95% | 0.98% | 0.93% | 0.99% | 0.96% | 0.94% | 0.97% | 0.99% | - | 10.54% |
NAV | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2022 | - | - | - | - | - | - | - | - | - | - | $1.00 | $1.00 |
2023 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
2024 |
$1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | - |
This page is provided to wholesale and sophisticated investors for information purposes only by Rixon Capital Pty Ltd (ABN 65 655 776 533) (“Rixon”) an authorised representative (Australian Financial Services Representative Number: 001298795) of Rixon Asset Management Pty Ltd (ACN 664 901 866 AFSL 546029).
Any financial product advice given is of a general nature only. The information has been provided without taking into account the investment objectives, financial situation or needs of any particular investor. Therefore, before acting on the information contained on this website you should seek professional advice and consider whether the information is appropriate in light of your objectives, financial situation, and needs. Rixon does not guarantee the performance of its funds, the repayment of any capital or any rate of return. Investing in any financial product is subject to investment risk including possible loss. Past performance is not a reliable indicator of future performance. Information in this report is based on the information provided to Rixon by third parties that may not have been verified. Rixon believes that the information is reliable but does not guarantee its accuracy or completeness. Rixon is not able to give tax advice and accordingly, investors should obtain independent advice from an accountant and/or lawyer before making any decision based on the tax treatment of its investors. You must read the Fund Fact Sheet or Information Memorandum and seek professional advice before making a decision to invest in any of the funds.
Key Fund Terms | |
Investment Manager | Rixon Capital Pty Ltd |
Fund Structure | Open-ended |
Eligible Investors | Wholesale clients only |
Minimum Investment | $50,000 |
Target Return | 10.0 – 12.0% p.a. |
Strategy | Income only |
Distribution Frequency | Monthly |
Redemption | Quarterly (best endeavours for monthly) |
Management Fees | 1.50% p.a. (excluding GST) |
Performance Fees | 20% of returns in excess of the Benchmark |
Benchmark | RBA Cash Rate + 6.0% p.a. |
Key Service Providers | Trustee | AMAL Trustees Fund Administration | Ascent Audit | EY Legal | Corrs Chambers Westgarth AFSL Compliance | King Irving |
Facility Size | $2m – $20m |
Term | 1 – 3 years |
Geography | Australia |
Ranking | Senior secured* |
Use of funds | Mergers & Acquisitions Asset finance Growth capital Share buy-back Wholesale / warehouse funding |
*The investment team is experienced in structuring its funding around existing lenders