Last week, we welcomed our investors, business partners, and team to Zagga’s Eighth Annual Investor Event — an evening to celebrate what we’ve built together, and to look ahead to the future of private credit in Australia and beyond.
Our CEO, Alan Greenstein, took a moment to reflect on how far Zagga has come since its inception — and shared the following remarks with the room. We’re pleased to share this excerpt from the night:
“At the Zagga inaugural Board Meeting in April 2017, I was asked by one of our directors if we would ever write a million-dollar loan.
I don't believe that any of us sitting in that room anticipated that, eight years later, we’d be presiding over a business that has:
- originated nearly $2.5 billion in loans
- closed close to 300 loans, successfully exiting more than half with full investor repayments
- grown to over 500 investors across multiple jurisdictions — from $100k to hundreds of millions in scale
- achieved over $1 billion in active funds under management
- seen close to 50% of our borrowers return again
- maintained investment-grade ratings from two ratings agencies, across multiple years and several entities
- locked in our largest loan to date at $90 million, with an average loan size of over $20 million across the last two years and 12 million dollars since inception, at an average LVR of circa 65%
- built a cross-border presence with 40+ professionals across Sydney, Melbourne, Auckland, Manila, Hong Kong and Singapore
- expanded investment funds into Australia, Japan, and Singapore
- and established a name — Zagga — that is now synonymous with technical excellence, transparency, trust, and partnership.
He continued:
“None of this would have been possible without the ongoing support of our investors, the loyalty of our borrowers and introducers, the excellence of our service providers, and the deep capability and character of the Zagga team — from our Day One originals to our newest recruits.”
With heartfelt thanks extended to Zagga’s founding directors, international advisers, early investors, and the families who support the team behind the scenes, the sentiment of the evening was clear: Zagga’s success is shared.
“The saying goes it takes a village to raise a child. It takes a universe to build a start-up.”
Looking forward
While the event was a time for reflection and celebration, it was also a moment to reaffirm our purpose: delivering transparent, risk-mitigated investment opportunities underpinned by a disciplined, investor-first approach.
As our CEO closed:
“The future is exciting — rich with opportunity and not without meaningful challenge. I’m energised by what we’ve built, and I look forward to the next stage of our journey. Most importantly, I look forward to the continued support of our investors, borrowers, partners, and the growing Zagga team. Zagga is really nothing more than a cute name without the substance, integrity, and trust you’ve all helped us build.”
Here’s to the next eight years.
