News

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

Boutique investment manager and non-bank lender Zagga has secured $65 million through a corporate note arranged by fixed income specialist, FIIG Securities.

With an initial target figure of $50 million, the four-year, senior secured note closed 30 per cent oversubscribed. It provides investors access to a fixed income investment with a current yield of ~7.85 per cent per annum or Bank Bill Swap Rate (BBSR) + 4.2 per cent.

INVESTOR DAILY
As a Principles for Responsible Investment (PRI) signatory, Zagga has committed to integrate sustainability factors into all investment stages, from analysis to reporting.

Zagga first established its independent ESG advisory committee back in 2023, which is mandated to advise and oversee the integration of environmental, social and governance (ESG) considerations into Zagga’s investment and operational strategies.

STOCKHEAD & THE AUSTRALIAN
While the government argues Division 296 will only affect a small portion of Australians, it’s clear that SMSFs – often used by high net worth individuals to manage their retirement wealth – will feel the brunt.

If the tax does go ahead, it could lead to some big shifts in how super is used, and investors are likely to look for other places to park their wealth, such as trusts or companies.

That’s where private credit, like Zagga’s core offering, could come in for these investors.

FEAR AND GREED
Sean Aylmer speaks with Tom Cranfield, Executive Director at Zagga, about the rise of real estate private credit as a defensive asset. Tom explains how tighter bank lending has opened opportunities for alternative lenders, offering stable returns and low correlation to public markets. They also look at the growing role of private credit in portfolio diversification, particularly in the face of volatility on equity markets.

INVESTOR DAILY
Despite global uncertainty, Australia’s private credit market is predicted to see strong growth in 2025, fuelled by business lending and attractive returns, as the Reserve Bank’s cautious rate cuts support continued demand.