Private Credit Moves From Niche to Mainstream as Zagga Secures $65M Corporate Note

Source: ausbiz
Date: 16 December 2025
ausbiz

From niche to mainstream. Disciplined private credit is reshaping Australia’s real estate funding landscape.

Private credit is no longer a niche alternative – it is now a core component of Australia’s real estate funding ecosystem.

In this Ausbiz interview, Zagga CEO & Co-Founder Alan Greenstein reflects on the sector’s transition into the mainstream, the rising expectations around discipline and transparency, and the significance of Zagga’s renewed $65 million corporate note with FIIG Securities.

The discussion explores how consistent performance and increasing market sophistication are shaping the next phase of private credit’s growth.

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This article is for information purposes only. It does not take into account your objectives, financial situation or needs. Any opinion expressed in this article are of the author and is subject to change without notice. Readers are reminded to exercise caution and use their own judgment when interpreting and applying the information contained in this article.

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Reflecting on 2025: A year in review

CEO & Co-Founder, Alan Greenstein, reflects on 2025: I am enormously proud of how we have continued to build on the achievements of previous years, adding even more noteworthy accomplishments

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Zagga raises $65 million with FIIG bond issuance

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The oversubscribed corporate note, arranged by FIIG Securities, comes as the firm has recently surpassed $1 billion in funds under management.

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We would like to acknowledge the Traditional Custodians of the lands, seas, and communities in which we provide our services. We would also like to pay our respects to the Elders past, present and emerging, and the continuing cultural influence they have on Australia.

Zagga Market Pty Limited (Australian Credit Licence 490904) ACN 611 662 401 acts as the Servicer of loans acting on behalf of the credit provider, Zagga Investments Pty Limited (AFSL 492354) ACN 615 154 786, trustee of the Zagga Investments Lending Trust

Additional Disclaimer

All portfolio numbers quoted correct as at 1 October 2025.

*Average investor return across the active portfolio as at 1 October 2025.

**Target return is after expenses and any applicable management fees for the year ended 30 June 2026. OCR = Australian Reserve Bank Official Cash Rate.

Past performance is not a reliable indicator of future performance and investments are subject to investment risk, fees and costs. Returns are not guaranteed.

Prospective investors wishing to invest in a Zagga direct investment or a Zagga Fund should fully consider the Information Memorandum, ZFF Fact Sheet and/or ZWF Brochure, available from Zagga, before applying to invest. Investments are subject to risks.

Articles on this website have been prepared by Zagga Investments Pty Limited (AFSL 492354) ACN 615 154 786 (Zagga) for information purposes only. It doesn’t take into account your objectives, financial situation or needs, nor is it intended as a substitute for any accounting, tax or other professional advice, consultation or service. Nothing in this article shall be construed as a solicitation to buy or sell any financial product, or to engage in or refrain from engaging in any transaction.

Past performance should not be taken as an indication or guarantee of future performance and no representation or warranty, express or implied, is made regarding future performance. Economic conditions may change.

Any analysis provided in this article is based on information obtained from sources believed to be reliable but Zagga does not make any representation or warranty that it is accurate, complete or up to date. Zagga accepts no obligation to correct or update the information or opinions in it. Any opinions expressed in this article are of the author and is subject to change without notice. Readers are reminded to exercise caution and use their own judgment when interpreting and applying the information contained in this article No member of Zagga accepts any liability whatsoever for any direct, indirect, consequential or other loss arising from any use of such information.

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