No legacy book. Just the funnel we already know.
Arxium's a new fund — we're not going to pretend otherwise. What we bring is what the two of us have actually done. A mortgage brokerage built and run, and a fund managed as its GP. A tech business grown to scale, and money invested as an LP. The book we lend out of starts now. The judgement behind it is a lot older.
What we bring instead of a track record.
The origination side
One of us built a brokerage — and ran a fund.
He's brokered the exact deals we're writing now, and he's run a fund as its GP. He knows the sponsors in NZ, knows which deals the banks say no to and why, and knows the whole path from a first phone call to a loan that settles. That's where the first loans come from. That's where the next fifty come from too.
The capital side
The other of us has been the LP.
A software developer who's built systems for one of Australia's big banks and one of the region's largest accounting-software firms — and who's been an LP himself, with his own money in other people's funds. He knows what it's like to be the investor: what you want to see before you commit, and what you quietly worry about after.
The clean slate
No legacy book to defend.
Every facility we write goes into a fresh fund, chosen deliberately. We're not refinancing inherited problems, we're not propping up a previous decade's positions, and we're not under pressure to deploy capital we shouldn't have raised. The discipline is built in.
Where the loans will come from.
Sourced — not waited for
The brokerage cofounder spent years on the originating side of the same deals we now want to write. The pipeline isn't something we're building from scratch — it's a network we already speak to weekly. Sponsors who've worked with him before know to call when bank timing doesn't work. Brokers in our network know our appetite.
We've designed for capacity, not for scale. The strategy doesn't need a hundred deals a year. It needs ten or fifteen, chosen carefully, repaid on time.
The first two facilities
We are not naming sponsors or sites publicly. What we will say is that the first two facilities are already shaped, the sponsors are both known to us from prior dealings, and the credit shape sits well inside the appetite published on the Approach page.
Wholesale or sophisticated investors who proceed to a real conversation will see full loan-level detail under NDA. Brokers and referrals are welcome to ask the obvious follow-up: "how do I know you'll write a careful loan?" The Approach page is the long-form answer.
We're in this on the same terms.
Founder co-invest
A meaningful portion of the founders' personal capital is committed to the fund on the same terms as every other investor. No preferred class, no carry shortcut, no GP commitment that's actually a fee waiver in disguise.
Ring-fenced from our other businesses
Both cofounders have separate funds and businesses. This is a new, ring-fenced fund — not attached to those entities — with its own structure, its own service providers, and its own clearly disclosed conflicts in the IM.
Capacity is small on purpose
We're targeting a small first close. Big enough to write two or three real loans, small enough that every investor is one we can call by first name. Phase II will scale the structure; we won't scale the capital faster than the careful pipeline allows.
By this time next year, this page will look different.
Real loans, real repayments, real numbers. Until then, we'd rather tell you what we bring and let you judge from that.