Introduction to Butn's Retail Private Credit Fund launch

Butn Limited (ASX:BTN) has announced the launch of a Retail Private Credit Fund, targeting fixed returns of approximately 9.5% per annum. The fund will provide opportunities for investors to participate in Asset Backed Lending (ABL) and offer bonus interest to existing or new Butn shareholders.

Executive commentary on the Retail Private Credit Fund launch

Butn's Co-founder and Co-CEO, Rael Ross, expressed enthusiasm about the launch, highlighting the company's significant milestone of over $2 billion in originations since inception. He emphasized the solid track record of consistent double-digit returns and the opportunity for retail investors to share in the success of Butn's model in secured Asset Backed Lending opportunities. Ross also emphasized the revolutionary nature of the 'Originate to Distribute' full vertical integration model, positioning it as the beginning of a new product class in the credit fund space.

Summary of Butn's Retail Private Credit Fund launch

Butn Limited (ASX:BTN) has introduced a Retail Private Credit Fund, aiming to provide fixed returns of approximately 9.5% per annum to investors. The fund will focus on financing Asset Backed Lending (ABL) opportunities, leveraging Butn's unique digital 'Originate to Distribute' model. Additionally, the company will offer bonus interest to Retail Private Credit Fund investors who are also Butn shareholders. The launch signifies a significant milestone for Butn, reflecting its robust track record and the potential to revolutionize the credit fund space with its innovative model.