High Yield Target
Aiming for 6% p.a. (net of fees) above the RBA Cash Rate, currently translating to a 10.10% annual return.
Remara Credit Income Fund
10.15%
Target Returns
108.1M
AUM
12.92
Yield
0.50%p.a
Management Fees
23,000
No. of Investments
2
No. of Sectors
×
Remara Credit Income Fund
The Remara Credit Income Fund, launched in August 2022, is an open-ended, unlisted fund that invests in a diversified pool of loans to consumers and small-to-medium businesses (SMEs) in Australia. It is managed by Remara Investment Management Pty. Ltd., a part of the Remara Group. The Fund seeks to provide stable monthly income with a high degree of capital preservation.
Investment Objective
The Fund aims to provide stable monthly income returns from a diversified portfolio of debt securities, including asset-backed SME loans, director-guaranteed SME loans, senior and subordinated loans to non-bank lenders secured against a loan portfolio that provides regular income and capital stability, and real estate bridging finance. The Fund targets a return of 6% p.a. (net of Fund fees) above the RBA Cash Rate.
Key Features
The Remara Credit Income Fund offers unique advantages for investors seeking steady returns
Monthly Distributions
Investors receive regular income, with monthly payments around the 15th of each month.
Diversified Credit Exposure
Invests in SME loans, real estate finance, and structured debt products, providing risk mitigation.
Robust Risk Protections
Includes a 5% first-loss equity buffer and retention of net interest margins, adding multiple layers of capital protection.
Performance Track Record
Data-driven investment decisions backed by comprehensive market analysis
| Period | RCOF | Benchmark* | Excess |
|---|---|---|---|
| 1 month | +0.97% | +0.83% | +0.14% |
| 1 year | +12.92% | +10.59% | +2.33% |
| 2 years | +12.75% | +10.51% | +2.24% |
| Inception | +12.26% | +10.15% | +2.11% |
Source: Remara Investment Management * Returns greater than 1 year are annualised Fund Benchmark is "RBA Rate + 6.0% p.a."
Investment Details
| Feature | Remara Credit Income Fund |
|---|---|
| Target Returns | 10.15% |
| Duration | Short |
| Income distribution | Monthly |
| Minimum Investment | $10,000 |
| Volatility | Low |
| Number of Holdings | 23,000 |
| Distribution Yield | 12.92 |
| Inception Date Yield | August 2022 |
| Benchmark | 6% p.a. (net of Fund fees) above the RBA Cash Rate |
Remara Credit Income Fund Strategy
The Fund, via securitised notes, will provide exposure to loans allocated to warehouse facilities originated by Dynamoney Ltd. Soda Capital Pty. Ltd., First Nations Finance Pty. Ltd., and Remara Credit Pty. Ltd.
1
ORIGINATION
The originators will provide a first loss equity note (collateral enhancement) set at a minimum of 5% in addition to the retained net interest margin (NIM) earned by the originators. In effect, given the inclusion of NIM, which will differ from warehouse to warehouse, the CE is likely to range from circa 7% to 8% (once a warehouse approximately reaches a life equal to the WALE of the underlying loan book).
2
DEAL STRUCTURING
Originators prioritise capital preservation with focus on prime borrowers. Each vertical has detailed specs on risk, default, security, and credit enhancement. Warehouse structuring involves senior funders, legal counsel, and Fund custodians.
3
ONGOING PORTFOLIO MANAGEMENT
Remara reviews exposure monthly with full transparency. Covers loans, maturities, delinquencies, and default management processes. Ensures ongoing oversight and control of the portfolio.
Investment Expertise
An experienced team drives the investment strategy with extensive expertise in private credit
The investment process of the Fund is led by a seasoned team of professionals who frequently interact with the Investment Committee.
| Name | Role/Responsibility | Years with Industry |
|---|---|---|
| Andrew McVeigh | Managing Partner | Andrew sits on the Investment Committee and is primarily responsible for capital-raising initiatives. |
| David Verschoor | Managing Partner | David sits on the Investment Committee and is primarily responsible for credit origination and oversight. |
| John Debevec | Advisory Partner | Remara Investment Management |
| James Drew | Senior Investment & Advisory Analyst | Remara Investment Management |
| Scott Morgan | Head of Real Estate Credit | Remara Credit |
| Blake Velkovski | Director, Investment & Capital Markets | Remara Credit |
| Jingru Huang | Analyst | Remara Credit – Real Estate Credit Underwriting |
| Zane Alexander | Analyst, Real Estate | Remara Credit |
| Timothy Wilson | Head of Distribution − Wealth & Intermediaries | Remara Investment Management |
| Wayne Richardson | Head of Distribution - Direct | Remara Investment Management |
| Mark Hickey | Independent Committee Member | Investment Committee |
| James Knight | Senior Manager – Compliance | Compliance |
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