As of October 18, 2026, the programme has deployed US$324.8M of cumulative loans, and the First CHUAN Digital Lending Fund has delivered a 14.00% annualized senior return, positive returns on 99.60% of days, and 0% non-performing loans.
Programme scale
| Metric | Figure |
|---|---|
| Cumulative loan deployment (5) | US$324.8M |
| Cumulative borrowers | ~1.5M |
| Cumulative underlying loans | ~3.2M |
| Current outstanding loan balance | US$179.8M |
| Current outstanding loans | ~1.9M |
| Current outstanding borrowers | ~1.1M |
Fund performance
| Metric | Figure |
|---|---|
| Assets under management (AUM) | US$28M |
| NAV per unit | 1,041.16 |
| Year-to-date return (YTD) (6) | 9.26% |
| Annualized senior return (6) | 14.00% |
| Days with positive returns (3) | 99.60% |
| Non-performing loans (4) | 0% |
How the programme works
CHUAN typically serves as co-lender alongside platforms with lending entities licensed by regulators in their respective markets (1). As senior lender, CHUAN co-lends and warehouses fragmented digital loans with platform first-loss support. Risk is managed through portfolio limits across platforms, countries and loan types; daily data feeds for early warning; platform first-loss support, over-collateralization and platform-owner guarantees; repayment interception that directs collections to CHUAN-designated accounts; and dynamic re-valuation to keep capital at risk over-collateralized.
The fund is Chuan Private Credit Fund, managed by Lindale Capital Limited, a corporation licensed by the SFC of Hong Kong to conduct Type 4 and Type 9 regulated activities (2).
(1) CHUAN typically serves as co-lender alongside platforms with lending entities licensed by regulators in their respective markets.
(2) Chuan Private Credit Fund is managed by Lindale Capital Limited, a corporation licensed by the SFC of Hong Kong to conduct Type 4 and Type 9 regulated activities.
(3) Except for days of dividend payouts.
(4) %NPL is calculated on an all-overdue-days basis and shown for the fund as senior lender protected by platforms' first-loss support.
(5) Cumulative loan deployment reflects total programme volume, including amounts co-funded by partner platforms.
(6) Fund returns are shown net of fees.
Data as of October 18, 2026.
This article is for general information only. It is not an offer to sell or a solicitation of an offer to buy any security or fund interest, and is not investment, legal or tax advice. Past performance is not a reliable indicator of future results. Please read our Legal Disclosures.