Discipline by structure

The committee structure, the risk framework, the regulatory position. All of it, on one page.

Trust Structure

Independent
oversight

The Fund operates with full separation of duties. An independent corporate trustee holds the AFSL and issues units. The fund administrator and auditor sit independently again.

The Trustee holds the Australian Financial Services Licence under which the Fund is offered. They are responsible for issuing units, holding the Fund's assets, and overseeing compliance with the Trust Deed.

Their independence is structural. The Trustee is not owned, controlled or remunerated by Eldium beyond the standard trustee fee disclosed in the Information Memorandum.

Commencing FY2026, the Fund will be independently audited.

This separation, Manager, Trustee, Administrator, Auditor, is the architecture that protects investor capital from any single party.

Independent Trustee
AFSL holder
Issues units
Investment Manager
Eldium Funds
Management
Independent Administrator
Monthly NAV
Unit pricing
Independent Auditor†
Annual financial
audit

Trustee: Bolt Capital Pty Ltd (AFSL 522572, ACN 636 202 223). Investment Manager: Eldium Funds Management Pty Ltd as Corporate Authorised Representative 001314402 of Bolt Capital.

Investment Committee

Decisions made
at the committee level

Three members, including one independent voice. Detailed authorities, quorum and voting rules are set out in the Information Memorandum. Full bios on the About page ↗

Member
Larry Diamond
Co-Founder & CEO
Member
Will Wong
Chief Investment Officer
Independent Member
Peter Gray
Senior credit industry appointment.
Risk Monitoring

Live monitoring,
every facility

Eldium operates its own asset-backed lending operating system. Every facility we extend is monitored through proprietary credit scoring, direct connections to originator systems, and a live facility dashboard.

Proprietary credit scoring
Every originator is assessed using Eldium's internal credit scoring template, a multi-factor model that produces a Shadow Rating equivalent on the standard credit scale (BBB- through to AA). Re-run regularly and on every material event.
Constant monitoring
We have access to originator loan-management systems and bank feeds. Loan-level data flows into the Eldium platform, where it is analysed against covenants. What the originator sees, we see.
Live facility dashboard
Each facility has a live dashboard tracking utilisation, advance rates, headroom against every covenant, performance hurdle, arrears, and Early Warning Indicators. Material breaches escalate to the IC within 24 hours.
Ongoing stress testing
Stress and worst-case scenario testing at the time of inception, and ongoing during the term of each facility.
Fee Structure

Where every
dollar flows

The Fund earns from two sources: the spread on facilities it extends, and fees borrowers pay. The Investment Manager is paid a flat fee. There is no performance fee.

Management Fee
1.0% p.a. + GST
Performance Fee
None
Fund Expenses
Distributions are quoted net of all fees and expenses of the Fund
Establishment Fees
Paid by borrowers
Received by the Fund
Line & Drawdown Fees
Paid by borrowers
Received by the Fund
Default-Related Fees
Paid by borrowers
Received by the Fund

All borrower-paid fees flow to the Fund (not to the Manager) and contribute to portfolio income. The Investment Manager may have conflicts of interest in managing the portfolio of the Fund because the Fund may invest in or provide capital to companies that are partly or wholly-owned directly or indirectly by associates or related parties of the Investment Manager.

Financing
the future of
Australian lending

Asset-backed, first-loss protected, monthly distributions. Built for wholesale and institutional investors. Minimum allocation $100,000.

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