Executive summary
The investment landscape in 2025 has been defined by heightened uncertainty, driving many investors to reassess traditional strategies and seek opportunities in new markets and asset classes.
Amid this volatility, the RAW Mortgage Fund has remained a model of consistency. Celebrating its 10-year anniversary this year, the Fund has delivered positive monthly returns throughout its entire history, maintaining low volatility and consistent risk-adjusted performance. In an environment where stability is increasingly rare, we believe this track record of reliability is not only reassuring, but it also stands as a meaningful competitive advantage.
Key Highlights for the RAW Mortgage Fund halfway through 2025
Positive returns every month, with an average loan to value ratio of 47% with no bad debt.
Won a substantial new investment mandate in 2025, after an extensive diligence process by a highly respected independent investment consultant.
The market we operate in has grown more competitive, bringing with it a new set of challenges.
Over the past 12 months, net returns were 7.39% for Institutional investors, 6.85% for Quarterly dealing shareholders, and 5.99% for Monthly dealing shareholders.
The Fund has grown to more than £190m in investor assets.
The portfolio has grown to 746 mortgage loans with an average size of c.£248,000.
Strong pipelines of mortgage lending and committed investor interest as we move further into 2025.
As we progress through 2025, RAW continues to identify attractive mortgage lending opportunities alongside steady investor demand. We remain confident in our ability to deliver consistent, risk-adjusted returns with a strong emphasis on capital security. We are excited about the opportunities the remainder of 2025 holds as we maintain our momentum and grow.