Aura Private Credit

Founded in 2009, Aura Group is a fund manager headquartered in Singapore, with entities licensed and regulated by MAS and ASIC. Aura is an Asia Pacific focused Group specializing in private market investments, including Private Equity, Private Credit, Venture Capital, and Private Wealth Management, with approximately A$1.92bn Funds Under Advice and Management as at May 2025. 

The Aura Private Credit Income Fund (APCIF) is an award-winning^ private credit strategy. The primary aim of the Fund is to provide investors risk adjusted monthly income returns with a strong premium to cash rate from a diversified portfolio of debt capital to non-bank lenders who finance Australian businesses.   

The Fund is open-ended and has a track record of over 7+ years of distributing income on a monthly basis. Monthly earnings (net of fees) are fully distributed to investors, so NAV remains stable. The Fund’s NAV has consistently been held at A$1 since inception.  

Private credit refers to loans provided by non-bank lenders, where the debt is not issued or traded on public markets. 

  Private credit assets are not subject to a marked to market-based price, typically with low correlation to traditional market-based assets. Public markets are dependent on market direction and highly susceptible to macro factors, including interest rates, inflation and economic health.  Private credit assets can provide alternative diversification to complement traditional portfolios, inflation buffer, reduced volatility and offers an alternative source of regular income.  

Since 2017, the Target Fund has delivered a net annual IRR of 9.58% in AUD terms (as of May 2025).

The Target Fund has been making distributions from income, and not return of capital, and therefore the Target Fund’s NAV has consistently been held at A$1 since inception. 

Unlike traditional bond funds, this Fund’s returns are not correlated to the market. As a result, it maintains a low standard deviation—approximately 0.95% (as of May 2025)—reflecting consistent performance with reduced volatility. 

In May 2025, “arrears over 30 days” stood at 2.23%. This means 2.23% of underlying loans were over 30 days past due. Unlike defaults or non-performing loans, arrears are basically money that is owed that should have been paid on due date. Typically, banks look at arrears of 90 days before taking action to try to collect the outstanding.  Whereas our Fund shortens that time frame to 30 days to mitigate the risk of the loans going into default or non-performing status. 

The Fund employs a multi-pronged risk framework: 

 Diversification - Invest in a diversified pool of Australian business loans (over 13,000+) across various industries, short-tenure, and non-concentrated credit portfolio.  The Fund will not hold more than 5.0% proportionate interest of its assets to any one underlying loan. 

 Lender Due Diligence - Comprehensive due diligence conducted on lender partners upfront and on an ongoing regular basis.  “Skin in the game” i.e. lenders are also required to put up a portion of their own capital, which is subject to first loss should a loan defaults.  

Security/Collateral – All loans are secured by collateral in a SPV trust which have ownership over all security and collaterals, to ensure that all loan governance is maintained, with lender partners providing first-loss capital.  Additionally, a Trustee has Independent Oversight on the SPV. 

 Independent credit scoring by a data analytics business, specialising in credit modelling for three of the big four Australian banks. 

The risk that the capital value or income of an investment may be adversely affected when interest rates rise or fall. The value and income of the Fund’s underlying assets can fluctuate in reaction to large changes in interest rates. 

However, the Fund adapts to both environments via active management of the pooled loans in our portfolio and may be structured or hedged according to the anticipated moves in rates and their respective impacts. 

The Fund charges a management fee and fund administration costs. Reported returns are net of all fees, charges and FX hedging costs. There is no redemption fee. 

The Aura Private Credit offers SGD hedged and USD hedged share classes via a VCC structure into the Aura Private Credit Income Fund.   

The Fund distributes income on a monthly basis; however investors can also select the Reinvestment option as well. 

The minimum investment amount is SGD100,000 and USD100,000. 

(Please speak with your respective relationship manager/platform provider) 

The Subscription Deadline is before 5.00 p.m. (Singapore time) on the day falling five Business Days before the relevant Subscription Day. 

The Redemption Deadline is 5.00 p.m. (Singapore time) on the day falling five Business Days before the relevant Redemption Day. 

(Please speak with your respective relationship manager/platform provider)