Revolution Asset Management Introduces Private Debt Strategy to New Zealand Investors.

Revolution Asset Management, a leading specialist Australian and New Zealand Private Debt investment manager, is pleased to announce the establishment of the Revolution Private Debt PIE Fund (NZD), opening opportunities for institutional and wholesale investors in New Zealand to participate in its flagship Australian and New Zealand defensive private debt strategy.

The Revolution Private Debt PIE Fund (NZD) is specifically designed to provide New Zealand investors access to private debt investments, focusing on the most compelling relative value loans within the Australian and New Zealand private debt sectors. This includes private corporate loans, real estate debt (no construction or development), and asset backed securities.

The fund adopts an open-ended structure with a semi-liquid feature, fully hedged to New Zealand dollars to manage currency fluctuations. It targets an annual return of the RBNZ Official Cash Rate plus 4% to 5% p.a. (after fees and before tax), primarily through its exposure to the Revolution Private Debt Fund II.

Established in December 2019, the Revolution Private Debt Fund II aims to deliver risk-adjusted returns while prioritising capital preservation. It has consistently outperformed its target return since its inception, with an active net return above the RBA cash rate of 5.15% p.a. as of 29 February 2024.

Chief Investment Officer, Bob Sahota said, “Since the inception of our first fund in 2018, we’ve been actively involved in the New Zealand private debt markets, supporting high-quality businesses with strong market share and stable demand drivers. We’ve also supported asset backed securities alongside well-capitalised consumer finance lenders with conservative lending policies. With growing interest in private debt among New Zealand investors, we’re excited to extend our reach into this market, offering local access to our flagship Australian and New Zealand private debt strategy.”

Mr. Sahota further explained, “We currently have over A$300m invested in New Zealand, which is around 14% of our A$2.2 billion flagship fund. The smaller size of the New Zealand market poses challenges for local investment strategies, mainly due to its focus on volatile sectors such as agriculture and forestry. The fund presents an opportunity for New Zealand investors to balance the need for local support of New Zealand private industry with access to a broader investment universe, more robust deal flow and overall diversification via the Australian private debt markets.”

As at 29 February 2024, Revolution Asset Management has committed capital exceeding A$2.7 billion across its private debt portfolio, sourced from a diverse blend of institutional, family office, and wholesale investors.


This information is for wholesale and professional investors only and has been prepared by the Investment Manager Revolution Asset Management Pty Ltd ACN 623 140 607 AFSL 507353 (‘Revolution’). FundRock NZ Limited is the issuer of units in the Revolution Private Debt PIE Fund (NZD) (the ‘NZ Fund’). Public Trust is the independent trustee of the Scheme of the NZ Fund and Revolution is the appointed Investment Manager. Channel Investment Management Limited ACN 163 234 240 AFSL 439007 (‘CIML’) is the Trustee and issuer of units in the Revolution Private Debt Fund I, Revolution Private Debt Fund II and Revolution Wholesale Private Debt Fund II (‘the AU Funds’). Channel Capital Pty Ltd ACN 162 591 568 (‘Channel’) is Revolution’s non-investment services provider and the holding company of CIML. Neither CIML, Channel or Revolution, their officers, or employees make any representations or warranties, express or implied as to the accuracy, reliability or completeness of the information contained in this flyer and nothing contained in this flyer is or shall be relied upon as a promise or representation, whether as to the past or the future. Past performance is not a reliable indication of future performance. All capitalised terms used herein without definition will have the meanings assigned to them in the Information Memorandum. This information is given in summary form and does not purport to be complete. This information should not be considered advice or a recommendation to investors or potential investors in relation to holding, purchasing or selling units in the AU Funds and NZ Fund and does not take into account your particular investment objectives, financial situation or needs. Before acting on any information you should consider the appropriateness of the information having regard to these matters, any relevant offer document and in particular, you should seek independent financial advice. For further information and before investing, please read the Information Memorandum available on request. Refer to for more information. The Fund is intended for the exclusive use of wholesale investors, as defined by the Financial Markets Conduct Act 2013.