LM Investment Management's $1 billion funding deal progresses

LM Investment Management has signed exclusive due diligence with two offshore real estate private equity funds.

According to the firm, both funds have expressed a strong interest in funding several property assets within the Managed Performance Fund and the First Mortgage Income Fund.

Due to the confidential nature of the due diligence process, LM chief executive Peter Drake said the firm was unable to name the funds at present.

He said the $1 billion offshore funding arrangement was progressing well as foreign equity investors recognised the strong economic credentials of Australia.

Related Content

Fixed income investments outperform equities

Australia's top performing fixed income funds have outperformed 81 per cent of equity funds in the market, according to the Money Management Investmen...more

Praemium posts 72% profit

Financial planning technology platform provider, Praemium has posted a 72 per cent profit for FY2016, on the back of advisers embracing separately man...more

OneVue appointment backs fund services growth

Financial services group, OneVue, has moved to underpin the rapid growth of its fund services business with a new appointment.The company announced th...more



Add new comment