The Rixon Income Fund is an asset-backed, high-yield, non-property private credit strategy. The strategy is focused on capital preservation and meaningful, regular monthly income. The Fund Target Return is 10-12% p.a. (net) with distributions paid monthly.
The Rixon Income Fund is compliant with “Good Practices” published by ASIC in REP 814 Private Credit in Australia.
The Rixon Income Fund is focused on asset-backed, senior secured lending to Australian SMEs seeking non-dilutionary debt funding of up to $20m.
It requires all borrowers to offer first ranking tangible asset collateral and service their interest expense monthly in cash.
The Rixon Income Fund strategy is focused on capital preservation and delivering investors an attractive monthly cash yield.
Priority position on underlying borrower balance sheet
APIR
RIX4439AU
Eligible Investors
Wholesale Only
Inception
Nov 2022
Minimum investment
$50,000
Distribution
Monthly
Applications
Monthly
Redemptions
Quarterly
Reinvestment plan
Available
Fund leverage
NIL
Management fee
1.50% pa.
Benchmark
RBA Cash Rate + 6.0%
Buy / Sell spread
NIL
Performance fee
20% of outperformance above benchmark
Past performance is not necessarily indicative of future performance. Returns are net of fees and costs.
Performance as of 31/05/2026
Past performance is not necessarily indicative of future performance. Returns are net of fees and costs and assume no reinvestment of distributions. Returns greater than one year are annualised.
| Fund Performance | 1 month | 3 month | 6 month | 1 year | 3 years | Annualised since inception1 |
|---|---|---|---|---|---|---|
| Fund2 | 0.93% | 2.70% | 5.50% | 11.27% | 11.43% | 11.70% |
| RBA Cash Rate | 0.34% | 0.98% | 1.89% | 3.77% | 4.09% | 4.01% |
| Benchmark3 | 0.83% | 2.44% | 4.86% | 9.77% | 10.10% | 10.08% |
| Outperformance | 0.10% | 0.26% | 0.64% | 1.50% | 1.34% | 1.62% |
| 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% | 1.00% | 11.54% |
| 2025 | 1.00% | 0.92% | 0.97% | 1.01% | 1.00% | 1.00% | 0.94% | 0.94% | 0.94% | 0.95% | 0.95% | 0.92% | 11.53% |
| 2026 | 0.93% | 0.85% | 0.92% | 0.93% | - | - | - | - | - | - | - | - | 3.63% |
| 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 | $1.00 |
| 2025 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
| 2026 | $1.00 | $1.00 | $1.00 | $1.00 | - | - | - | - | - | - | - | - |
Unitholder Updates
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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.
A monthly income fund is a managed investment vehicle designed to deliver regular cash distributions to investors, typically every month. Rather than targeting capital gains or tracking equity markets, returns are generated from interest income earned on a portfolio of underlying loans.
In the case of Rixon Capital, that means secured loans extended to underbanked Australian and New Zealand SMEs, with each borrower required to service interest monthly in cash.
Predictable Cash Flow:
Capital Preservation:
Diversification:
Floating-rate income:
The Rixon Income Fund is a senior secured, asset-backed private credit fund. It lends to underbanked Australian and New Zealand SMEs via loans of up to A$20 million, each secured by first-ranking tangible asset collateral. Every borrower is required to service interest in cash each month, meaning borrower interest obligations are contractual rather than linked to equity-market performance.
The fund is managed by an institutional-grade team with backgrounds spanning high-yield private debt, private equity, and corporate and investment banking. The team has collectively executed over A$500 million in SME private credit transactions and more than A$10 billion in mergers and acquisitions. Lending decisions require unanimous support from an independent investment committee, with no related-party lending permitted.
Australia’s private credit market is estimated at approximately A$200 billion (ASIC REP 814, September 2025), with around half of that exposure tied to real estate. Rixon is deliberately positioned away from the property. The fund is built around the underbanked corporate SME segment: borrowers who are too structurally complex for standard major bank facilities, yet too small for institutional debt desks.
The fund operates in alignment with ASIC’s “Good Practices” outlined in REP 814 and REP 820: an independent investment committee, third-party trustee, monthly disclosure to investors, and full pass-through of all borrower-paid fees.
| Distribution Frequency | Monthly cash |
| Minimum Investment | A$50,000 |
| Target Return | 10.0% – 12.0% p.a. (net of fees) |
| Eligibility | Wholesale / Sophisticated Investors (s708, Corporations Act 2001) |
| Access Channels | Direct via OLIVIA123, or via Netwealth, HUB24 and Mason Stevens |
Past performance is not indicative of future performance. Capital is at risk. Returns are net of fees and assume no reinvestment.
Four straightforward steps take income from borrower to investor, every month, with full transparency.
01. Borrowers pay | 02. Income is pooled |
Australian and NZ SMEs pay monthly cash interest on their secured loans to the Fund. | The Fund aggregates interest income across the diversified loan portfolio. |
03. Full pass-through | 04. Distributed to you |
Net of disclosed management fees, 100% of loan economics, including upfront and establishment fees paid by borrowers, flow to investors. | Distributions are paid no later than the 6th business day of the following month. Full reporting circulated on the 4th business day. |
Diversified Portfolio
The loan book is diversified across industries, borrower types, and geographies spanning both Australia and New Zealand. The fund maintains a deliberate non-property focus, avoiding the construction and residential development exposure that dominates much of the Australian private credit market. This structural difference matters: property cycles and credit cycles do not always move together.
Targeted Returns
The fund targets 10.0%–12.0% p.a. net of fees. That premium is generated through a scarcity dynamic, lending into an underserved borrower segment, rather than through higher-risk collateral or leveraged structures. Senior secured positioning means investor returns are derived from contracted loan interest, not from market sentiment or asset revaluation.
Past performance is not indicative of future performance. Capital is at risk. Returns are net of fees and assume no reinvestment.
Liquidity Profile
Private credit is illiquid relative to listed assets, and the fund is structured accordingly. The Fund offers managed liquidity rather than on-demand redemption. Investors are encouraged to size their allocation with this profile in mind and should seek independent advice if uncertain. Addressing liquidity terms transparently, rather than obscuring them, reflects the fund’s approach to investor disclosure.
Please confirm specific redemption terms with the investment team prior to application.
Risk Management
Underwriting is conducted by a team with A$10 billion-plus in M&A execution and A$500 million-plus in private credit deployment. The independent investment committee requires unanimous approval for every new loan; no exceptions, no related-party transactions. A third-party trustee removes conflicts of interest from fund-level decisions, and monthly borrower reporting feeds into independent loan valuations that are disclosed to investors in full.
01
Step 1: Initial Meeting
We first confirm Wholesale or Sophisticated Investor status under the Corporations Act 2001. From there, we walk through Rixon’s target borrower profile, lending criteria, and end-to-end due diligence process.
You’ll have direct access to the investment team; no layers, no gatekeeping. Questions are encouraged.
02
Step 2: Applying
Investors may submit the application directly through OLIVIA123 or access the Fund via approved investment platforms, including Netwealth, HUB24, and Mason Stevens.
03
Step 3: Monthly Returns & Updates
All rights reserved. Fund investment available to sophisticated and professional investors as defined in section 708(8) and 708(11) of the Corporations Act 2001 respectively.
Rixon Capital Pty Ltd (ABN 65 655 776 533) is an authorised representative (Australian Financial Services Representative Number: 001298795) of Rixon Asset Management Pty Ltd (ACN 664 901 866 AFSL 546029).
All rights reserved. Fund investment available to sophisticated and professional investors as defined in section 708(8) and 708(11) of the Corporations Act 2001 respectively.
Rixon Capital Pty Ltd (ABN 65 655 776 533) is an authorised representative (Australian Financial Services Representative Number: 001298795) of Rixon Asset Management Pty Ltd (ACN 664 901 866 AFSL 546029).
