(25th February 2025, Sydney) We spoke with Patrick William, co-founder and Managing Director of Rixon Capital on how together, the founding team successfully built a private credit fund with over $100 million FUM in just over two years. Through a combination of focusing on a niche segment of the market overlooked by traditional lenders and larger institutions and aspiring to offer industry best practice in investor disclosures, Rixon Capital has positioned itself as a key player in the private credit industry.

A Unique Approach to Private Debt Funds Australia
Rixon Capital’s flagship Rixon Income Fund is a specialist asset-backed private credit strategy, targeting high-growth businesses that require flexible financing solutions without diluting ownership. Unlike larger lenders that prioritise big-ticket deals, Rixon Capital focuses on an underbanked niche by financing emerging corporates and SMEs offering attractive credit characteristics while also extracting double-digit interest rates. The firm is focused on capital preservation for its investors while providing much-needed liquidity to growing businesses.

Patrick William’s journey into private credit began with a career in mergers and acquisitions and private equity. Identifying an untapped opportunity in the Australian market, he transitioned into private lending, applying institutional underwriting expertise to structure relatively smaller loans that can generate outsize returns against well managed risk. This approach has been well-received by the wholesale investor market, including family offices, SMSFs, and wealth managers who are seeking stable, high-yield private credit returns with a focus on capital preservation.

The Success of the Rixon Income Fund
The Rixon Income Fund, the firm’s flagship fund, reached its $100 million milestone in just over two years. From its first $3 million raising in October 2022, the fund has grown into a diversified portfolio of asset-backed loans across various industries. The investment strategy remains disciplined, with strict underwriting criteria that prioritises security and recoverability of investor capital. The firm was recognised as Best Emerging Manager and was finalist for Best Debt Manager at the 2024 Australian Alternative Investment Awards.

Commitment to Investors and Future Expansion
A key factor behind Rixon Capital’s rapid growth is its commitment to investor transparency. William and his team maintain direct relationships with their 200+ investors, providing detailed monthly updates and insights into portfolio performance. This level of engagement has fostered trust and encouraged organic growth through word-of-mouth referrals.

The firm’s next goal is expansion, and it plans to launch a second fund in the second quarter of 2025. In the long term, Rixon Capital aims to manage over $1 billion across multiple funds, leveraging its proven investment model in niche segments within the emerging corporate space to scale. The company continues to play a pivotal role in SME lending in Australia, helping small and medium-sized enterprises access essential capital for growth.

The Growing Demand for Alternative Lending Solutions
The Rixon Capital team’s success story underscores the demand for alternative lending solutions in a tightening credit environment paired with investor demand for their debt manager to offer meaningful disclosure and actively manage for potential conflicts of interest. As traditional banks become more risk-averse, private credit continues to provide essential capital to businesses seeking to scale without giving up equity. With a disciplined approach to risk management and a clear focus on investor returns, Rixon Capital is well-positioned for sustained growth.

About Rixon Capital
Rixon Capital is a leading private credit investment firm specialising in SME lending in Australia. By providing non-dilutionary loans to high-growth businesses, the firm enables companies to scale while delivering an attractive risk-adjusted return to investors. With a focus on transparency, risk management, and capital preservation, Rixon Capital aim to be a trusted name in the Australian private credit industry.

Contact Information:

Rixon Capital
Phone: +61 430 435 580
Website: https://rixon.capital/