🆕 IPO Listing: Revolution Private Credit Income Trust (ASX: REV)
- Noel Ong
- Sep 16
- 5 min read
The Revolution Private Credit Income Trust (ASX: REV) is set to provide investors with institutional-quality access to the Australian and New Zealand private credit market. This listed investment trust will focus on high-quality secured loans, asset-backed securities, and commercial real estate loans, aiming to generate reliable monthly income underpinned by disciplined underwriting standards.
The IPO is structured to raise AUD 400 million, with units priced at AUD 2.00 each. Listing is scheduled for Monday, 22 September 2025, with the offer expected to close on 8 September 2025.
Investment Highlights
Target Return: RBA Cash Rate + 4% p.a. (net of fees)*
Diversified Portfolio: Exposure across Australian and New Zealand leveraged loans, asset-backed securities, and commercial real estate loans.
Institutional Quality: Access to private credit traditionally unavailable to retail investors.
Monthly Income: Designed to deliver stable monthly distributions backed by contractual interest obligations.
Capital Preservation: Focus on secured lending with risk managed through strong credit covenants.
Professional Management: Revolution Asset Management brings a proven track record in alternative credit markets.
(*This is a target only and there is no guarantee the target will be met.)
Investing in REV is investing in a Credit Income story.
REV positions itself as a unique opportunity for retail investors to gain access to the private credit asset class, typically available only to institutional investors. With a strategy built around diversification, capital preservation, and income stability, the Trust offers a portfolio designed to withstand interest rate and inflation cycles while aiming for long-term sustainable returns.
Key Benefits include:
Private credit access at scale.
Reliable monthly income.
Capital preservation focus.
Diversification across industries.
Professional management expertise.
Inflation & rate cycle resilience.
Underwriting & Management
The IPO is not underwritten, with placement supported by a strong syndicate of Joint Lead Managers and Arrangers, including Wilsons Corporate Finance, MST Financial, Shaw and Partners, Morgans, E&P Capital, NAB, Canaccord Genuity (Australia), and Commonwealth Securities.
Revolution Asset Management will act as Investment Manager, applying its disciplined credit process to deliver risk-adjusted returns without compromise.
REV Leadership & Experience
The Revolution portfolio management team founded the business and takes personal ownership of its investment responsibilities. With more than 100 years of combined experience, the team has a strong record of investing across Australian and New Zealand private debt markets. Their long-standing collaboration underpins the Trust’s focus on disciplined underwriting and investor outcomes.
Bob Sahota – Managing Director and Chief Investment Officer
Simon Petris, Ph.D. – Executive Director and Senior Portfolio Manager
David Saija CFA – Executive Director and Senior Portfolio Manager
Steve Sutinen – Portfolio Manager
Lucie Bishop CFA – Portfolio Manager
Pratik Joshi CFA CAIA MBA – Portfolio Manager
Samso Concluding Comments
The listing of Revolution Private Credit Income Trust (ASX: REV) represents an opportunity for investors seeking exposure to institutional-grade private credit in a listed structure. By combining secured lending, diversification, and stable income, REV provides retail investors access to an asset class that has traditionally remained in wholesale markets.
While risks remain—such as unit price volatility, liquidity constraints, leverage, and credit exposure—there is a proposed framework that suggests a robust structure designed to mitigate these factors.
At Samso, we view this IPO as a reflection of the growing interest in alternative investments as part of the evolving listed markets. For retail investors, REV may offer a compelling pathway to diversification and stable income generation.
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