OneVentures, an Australian venture capital firm, has held the first close of its new venture credit fund with $45 million in capital commitment.

OneVentures received financial support for its new fund, 1V Venture Credit Fund, from Australia’s largest family offices and high net worth investors.

With the new capital raise, OneVentures plans to invest as much as $100 million over the next five years in sectors such as innovative technology and healthcare.

1V Venture Credit Fund was launched months after OneVentures entered into a venture partnership with Viola Credit, a part of Israeli technology-focused investment company Viola.