Revolution Private Credit Income Trust has successfully raised $60 million through a wholesale placement, strengthening its capacity to invest in senior secured loans and asset-backed securities across Australia and New Zealand.
- Raised $60 million via placement of 30 million new units at $2.00 each
- Placement conducted under ASX Listing Rule 7.1 without unitholder approval
- Proceeds earmarked for additional investments in Revolution Private Debt Fund II
- Investment focus on senior secured corporate loans, asset-backed securities, and commercial real estate loans
- Trading halt lifted with units resuming trading immediately
Capital Raise Strengthens Investment Capacity
Revolution Private Credit Income Trust (ASX – REV) has completed a significant capital raising, securing $60 million through a wholesale placement of 30 million new units priced at $2.00 each. The placement, announced on 10 February 2026, was conducted under ASX Listing Rule 7.1, allowing the trust to issue new units without requiring unitholder approval. This move notably expands REV's capital base, positioning it to deepen its exposure to private credit opportunities.
Strategic Deployment of Funds
The proceeds from the placement will be directed towards acquiring additional units in the Revolution Private Debt Fund II. This fund primarily invests in senior secured corporate loans, asset-backed securities, and commercial real estate loans within Australia and New Zealand. Notably, the investment strategy excludes construction or development loans, reflecting a conservative approach focused on income stability and capital preservation.
Managed by Revolution Asset Management Pty Ltd, the fund’s strategy aligns with the broader trend of institutional investors seeking exposure to private credit as a means to diversify fixed income portfolios and enhance yield in a low-interest-rate environment.
Market and Regulatory Context
The placement was executed swiftly, with settlement scheduled for 3 March 2026 and new units expected to be quoted on the ASX from 5 March 2026. The trading halt on REV’s ordinary units was lifted promptly, allowing investors to resume trading immediately after the announcement. This efficient process underscores the trust’s commitment to transparency and market responsiveness.
While the announcement includes standard forward-looking disclaimers, it signals confidence in the underlying investment strategy and the demand for private credit exposure. However, investors should remain mindful of the inherent risks associated with credit markets and the potential impact of economic fluctuations on loan performance.
Implications for Investors
For current and prospective unitholders, the capital raise represents an opportunity to benefit from the trust’s expanded investment capacity and diversified portfolio. The equal ranking of new units with existing ones ensures no dilution of rights, maintaining investor confidence. As REV continues to deploy capital into its core assets, market participants will be watching closely for updates on fund performance and distribution outcomes.
Bottom Line?
REV’s $60 million placement marks a pivotal step in scaling its private credit portfolio, setting the stage for future growth amid evolving market conditions.
Questions in the middle?
- How quickly will REV deploy the $60 million into new investments?
- What impact will the increased capital base have on distribution yields?
- Could market volatility affect the performance of the underlying loan assets?