Revolution Asset Management has announced that its Revolution Private Credit Income Trust (ASX: REV) has received strong investor interest through its cornerstone offer and broker firm offer with combined bids in excess of $1 billion.
Final offer documents were lodged with the Australian Securities and Investments Commission on 19 August 2025, with units offered at a subscription price of $2.00.
The trust was targeting a total capital raise of $400 million.
The Trust will provide retail investors with listed access to Revolution’s flagship Australian and New Zealand defensive private credit strategy, focused on delivering regular income and capital preservation through a diversified portfolio of senior secured corporate loans, asset backed securities, and commercial real estate loans.
Morgans Financial Limited, E&P Capital Pty Ltd, National Australia Bank Limited, Canaccord Genuity (Australia) Limited and Commonwealth Securities Limited have been engaged to act as Joint Lead Arrangers and Joint Lead Managers. Wilsons Corporate Finance Limited, MST Financial Services Pty Limited and Shaw and Partners Limited have also been engaged to act as Joint Lead Managers.
The underlying investment strategy provides exposure to high quality corporate debt, including senior secured loans to companies such as Colonial First State, Arnott’s and Lumus Imaging, alongside well-structured asset backed loan pools and senior commercial real estate debt. Importantly, the portfolio excludes property development and small business lending, and is managed through a disciplined, institutional-grade credit underwriting process.
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The Trust targets a return of RBA cash rate + 4% p.a. (net of fees), and features a transparent fee structure with a 0.95% management fee, no performance fees, and full pass-through of loan origination fees, ensuring strong alignment with investors.
To address the growing demand for liquidity in private market investments, the Trust will implement quarterly off-market buybacks and retain the ability to purchase units on-market, offering liquidity and flexibility not typically associated with private credit investments.
“The launch of the Trust reflects our commitment to making private credit more accessible through a structure that is transparent, liquid and aligned with investor interests,” said Bob Sahota, Co-Founder and Chief Investment Officer at Revolution Asset Management.
“As confidence in private credit continues to grow as a crucial component of diversified portfolios, this Trust offers investors a compelling solution.”
Founded in 2018, Revolution Asset Management manages A$3.4 billion (as at 30 June 2025) on behalf of institutional, family office and wholesale investors. The firm is independently owned by its investment team.