Australian RE investment manager launches private credit fund

Source: Alternative Credit Investor
Author: Laura Purkess
Date: 07 May 2025

Alternative investment manager Zagga has launched a new real estate private credit fund, which will invest directly in prime commercial real estate along Australia’s east coast.

The Zagga Real Estate Credit Fund has been established to meet growing demand from ASEAN investors in Australian real estate private credit.

Alan Greenstein, chief executive of Zagga, recently reported seeing increased interest from both investors and borrowers in Australian private credit, which had led to an influx of managers.

According to a recent report by Alvarez and Marshall, the private debt market in Australia reached approximately $205bn (£153.5bn) in 2024, with around 17 per cent ($85bn) allocated to commercial real estate loans.

“Increasing demand from both investors and borrowers is propelling Australia’s rise as a private credit hub,” Greenstein said in a LinkedIn post in March.

“As the industry adapts to new challenges and shifts, I believe we’re witnessing a transformative period that will shape the future of private credit in Australia.”

Following the launch of the new fund, Zagga has also announced the appointment of Roushana Sjahsam as senior board adviser for ASEAN. She will focus on driving the firm’s expansion in Southeast Asia and raising awareness of its specialised real estate private credit offering.

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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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

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All portfolio numbers quoted correct as at 31 January 2025.

*Average investor return across the active portfolio as at 31 January 2025.

**Target return is after expenses and any applicable management fees for the year ending 30 June 2024. 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.

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