Nero Private announces alternative credit solution

The boutique non-bank credit firm has launched its first private debt fund, aiming to support SMEs while offering investors a secure portfolio with stable and attractive/secure returns.

According to a statement from the company, it’s investing in “credit-vetted, property-secured loans specifically tailored for commercial finance purposes.”

The minimum investment amount for the Nero Private Fund is $50,000 and it has been established to deliver annual returns starting from 10 per cent p.a.

Sanja Crnogorac, managing director of Nero Private, said the fund is catered towards investors: “As borrowers and investors increasingly seek alternatives to conventional banking, private credit is becoming an essential component of the financial landscape.

“Nero Private is poised to meet this demand by offering bespoke credit solutions that deliver value to both investors and Australian businesses.”

This approach aims to “streamline the transaction process” and bridge the gap between traditional banking and the evolving needs of both borrowers and investors.”

“What I love about the private credit space is that it enables me to think ‘outside the bank’ and evaluate each opportunity on its individual merits,” Crnogorac said.

“I particularly enjoy collaborating closely with clients and investors to diversify their investment and property portfolios and helping SMEs secure the funding they need to grow.”

Nero Private is an offshoot of Nero Financial, a commercial brokerage. David Crook, managing director of Nero Financial, said the decision to establish Nero Private was due to the success of his organisation.

“The market is rapidly changing, and the needs of modern entrepreneurs are constantly evolving. In asking then, how can we best support our clients, we saw an opportunity to not only provide capitalised deals at a lower LVR but also, allow our partners to pick and choose the deals they like, in real-time,” Crook said.

“To achieve this, we needed a partner with extensive credit and risk experience, coupled with a passion for small business. Sanja Crnogorac was the perfect fit – highly regarded, proven in her success, and dedicated to upholding transparency and integrity.”

Jack Campbell is the editor of Broker Daily. After graduating from the University of Wollongong in 2022, Jack began his journalistic career working on Broker Daily’s sister brand, HR Leader. In August 2023 he was made the news editor and worked alongside some talented journalists writing articles and recording podcasts.

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