Alceon Debt Income Fund (ADIF)
Monthly income from carefully structured loans, backed by property and shaped by a conservative credit strategy.
since inception1
years in operation
diversified projects2
senior secured loans
Inside the portfolio
The Alceon Debt Income Fund provides capital to finance property acquisition, development and construction, with every loan secured by Australian real estate — primarily via first-ranking mortgages on the east coast. Borrowers pay interest, which is pooled and distributed to investors as regular monthly income. The Fund is actively managed to preserve capital and deliver reliable, risk-aware returns.
The Alceon Debt Income Fund currently targets an annualised net return of between 5–7%³.
Why Choose Us?
Conservative Approach
We take a conservative lending approach, focusing on senior secured loans with LVRs that don’t exceed 65%.
Quality
Our focus is on quality — we lend to experienced borrowers with strong track records, robust financials, planning certainty and fixed-price construction contracts.
Experience
An experienced team underpins the Fund, having deployed over $4 billion across 300+ transactions, supporting projects worth more than $20 billion.
How the Fund works
The Alceon Debt Income Fund provides capital to finance property acquisition, development, construction and ownership for mid‑market real estate owners and developers, with each underlying loan secured by a registered first ranking mortgage over property, predominantly on Australia’s east coast with a modest allocation to New Zealand. Borrowers pay interest on these loans, which forms the basis of the Fund’s income. Distributions are intended to be paid monthly, although the timing can vary, particularly where interest on construction loans is capitalised and paid at maturity. The Fund is actively managed with a focus on capital preservation and risk‑aware returns. The Alceon Debt Income Fund currently targets an annualised net return of between 5–7% p.a.³, which is a target and not a forecast; returns are not guaranteed and may vary over time.
Investment Performance
As at 31 December 2025
| 1 Month | 3 Month | 6 Month | 1 Year | 3 Year (annualised) |
5 Year (annualised) |
Since Inception | |
|---|---|---|---|---|---|---|---|
| Total Net Return | 0.67% | 2.21% | 4.42% | 8.99% | 9.51% | 8.83% | 8.80% |
| Distribution Return | 0.64% | 2.10% | 4.22% | 9.25% | 10.27% | 9.00% | 8.77% |
Past performance is not a reliable indicator of future performance.
Returns have been calculated using exit prices after taking into account all ongoing fees, and assuming reinvestment of distributions. No allowance has been made for taxation or for any fees charged by operators of master trusts or wrap accounts through which the products are offered. Returns of more than one year are annualised.
The returns presented are based on unaudited monthly unit price calculations prepared by Mainstream Fund Services, the fund’s administrator as appointed by the fund’s Responsible Entity. Melbourne Securities Corporation Ltd ACN 160 326 545 AFSL 428289 is the issuer of the Alceon Debt Income Fund ARSN 650 960 820. Past performance is not a reliable indicator of future performance. The information provided is general advice only, and has been prepared without taking into account your own objectives, financial situation, and needs. Before making decisions based on the information provided, you should consider how appropriate they are given your individual circumstances, and consider seeking independent professional advice. You should also consider the Product Disclosure Statement before making any decision.
1 Fund inception is 1 October 2019 and as at 31 May 2025
2 As at 31 December 2025
3 Distributions are subject to distributable income and target returns are not guaranteed.
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