PRIVATE CREDIT. SINGAPORE PROPERTY.

Private Credit.
Grounded in real assets.

Invest in Singapore businesses through our private credit fund, with a focus on a portfolio of loans backed by property collateral. Explore our investment approach, the credit assessment behind the underlying loans, and our historical results.

For accredited and institutional investors.

Singapore shophouses with modern commercial buildings behind them

01 | OUR CORE FOCUS

Property-secured
private credit.


FIRST-CHARGE PRIVATE CREDIT

5.5-6.5%

p.a.

Target annual return · net of investor fees

Investments secured by first legal charge over Singapore property.

Behind each opportunity is a Singapore business with a financing need and property offered as security. Collateral backing provides an additional layer of protection for investors and a potential route to recovery in the event of the borrower’s inability to repay.

Here at Fuzsion Capital, each investment opportunity undergoes a rigorous assessment and underwriting process. Our credit assessment considers the borrower’s repayment capacity alongside the collateral value, security position and loan terms.

BEHIND THE CREDIT ASSESSMENT

Understand the borrower.
Evaluate the security.

Our assessment connects the borrower, the property, and the financing structure. The headline return is only one part of that picture.


01

03

04

Borrower and repayment

The business, purpose of financing, and proposed sources of repayment, including the assumptions those sources depend on.


02

Property and value

Property type, location, valuation assumptions and saleability help us assess the collateral’s role in a potential recovery situation.


Security and structure

The form and ranking of the security, any prior claims, and how these affect the investment’s potential recovery.


Terms and downside

Loan size, maturity, leverage, fees and possible recovery outcomes are assessed together rather than against the headline return alone.

The 5.5-6.5% p.a. range is a target for our first-charge investment strategy, net of investor fees. It is not a guaranteed return or the historical performance of the wider portfolio. Refer to current investment materials for the calculation basis and applicable terms. Property security does not guarantee repayment. Property values may rise or fall, enforcement may take time, and recoveries may not cover the full investment.

02 | A DISTINCT CREDIT STRATEGY

Structured credit.
Tailored to the transaction.

Some financing needs require a more flexible structure. Structured private credit accommodates different security positions and transaction requirements, with the terms and risks assessed individually.

For each underlying loan, we examine how the financing works, what supports repayment and how the security arrangements affect potential recoveries for the fund.


Illustrative investment review with cash flow tables, financial charts and a property model

WE ASSESS EACH INVESTMENT STRUCTURE ON ITS OWN TERMS


Security position

Security arrangements and ranking vary by transaction and can affect investors’ rights and recovery prospects.


Leverage and complexity

Greater financing flexibility can bring additional credit and execution risk.


Investment terms

Review fees, liquidity, ranking and downside alongside any target return.

03 | BEYOND PRIVATE CREDIT

Opportunity-specific strategies

A broader perspective.
A selective approach.

Beyond private credit, we also invest in property redevelopment and special opportunities. These strategies differ from our core secured credit approach, and require a separate assessment of the investment structure, time horizon, and potential exit.

Availability is opportunity-specific. Speak with our team about the strategies currently available and the materials needed to evaluate them against your investment objectives.

PROPERTY REDEVELOPMENT

Value through transformation

Illustrative landed property undergoing redevelopment

TARGET ANNUALISED IRR · NET OF INVESTOR FEES

10-12%

p.a.

Projects involving property acquisition, improvement, redevelopment, and eventual sale or refinancing.

Key considerations: project delivery, development costs, and exit timing.

SPECIAL OPPORTUNITIES

Complexity requires perspective

Illustrative industrial building with loading bays

TARGET ANNUALISED IRR · NET OF INVESTOR FEES

15-20%

p.a.

Real asset and corporate situations where transition, restructuring, or illiquidity shape the investment case.

Key considerations: capital structure, recovery outcomes, and liquidity.

Availability is opportunity-specific. This overview does not represent an offer or confirm that a particular product is currently open for investment. Targets are net of investor fees, indicative and not guaranteed. Actual returns may be lower, and capital may be lost. Target IRR reflects the timing of cash flows; it is not a fixed annual income payment. These targets are separate from the historical investor results shown on our website. Refer to current investment materials for assumptions and applicable terms. Depicted images are illustrative and do not represent actual Fuzsion investments.

04 | OUR TRACK RECORD

Experience in the market.
Results you can trust.

Fuzsion Capital has been active in Singapore’s property-secured private lending market since 2024. Our experience spans originating, underwriting and servicing loans to local SMEs, backed by identifiable property collateral.

That experience informs how we evaluate new opportunities and discuss them with investors.

HISTORICAL INVESTOR RESULTS · AS OF NOVEMBER 2026


~8-12% p.a.

Historical net investor returns

Annualised returns achieved on investments over the last two years

⎯ AS OF NOVEMBER 2026


Returns are net of investor fees. Historical results do not guarantee future returns, and are not a target for future investments. Investments carry risk, including loss of capital.

05 | THE STRENGTH OF OUR TEAM

Experienced people.
Considered decisions.

Our team combines experience in commercial banking, financial markets, fund management and operations. Together, these perspectives help us make holistic credit assessments effectively.

Composite portrait of Fuzsion Capital's team
Composite portrait of Fuzsion Capital's team

Banking and credit expertise

Experience with corporate borrowers and their financing needs informs our assessment of repayment capacity and transaction structure.


Investment and market perspective

Backgrounds in fund management, financial markets and asset-liability management bring perspective on risk, liquidity, and capital allocation.


Operational and analytical strength

Operational leadership, quantitative analysis and stakeholder management complement the team’s banking and investment experience.

06 | GETTING STARTED

Start with a conversation.


Discuss your objectives

01

Share your investment priorities, risk appetite, target returns, time horizon, and liquidity needs with our team.


Assess portfolio fit

02

Understand the fund’s strategy, portfolio composition, and risk-return profile, and how they align with your investment objectives.


Decide with clarity

03

Review the fund materials, fees, liquidity terms and key risks, and resolve your questions before deciding whether to invest.

LET’S START A CONVERSATION

A clearer view of your options.

Speak with our team about the approach and investment information available to eligible investors.