No legacy book. Just the funnel we already know.
Arxium is a new fund — we're not going to pretend otherwise. What we bring is the operating experience of the two cofounders. A mortgage brokerage built and run. Property developments funded and finished. A tech business operated to scale. The book we lend out of starts now. The judgement is older.
What we bring instead of a track record.
The broker side
One of us built a mortgage brokerage.
He's brokered the exact deals we're now writing. He knows the sponsor universe in NZ, knows which deals the banks decline and why, and knows the funnel from first phone call to settled facility. That's where the first loans come from. That's where the next fifty come from.
The developer side
The other of us has been the borrower.
Funded and finished his own property developments. Knows how a build actually moves — where the QS sandbags, where the contractor pads, what a “delayed PC” actually means six months out. He reads a construction draw schedule the way most credit officers read a balance sheet.
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.