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

AMP Capital says AGF fund should continue

AMP Capital has urged the unitholders of its Capital China Growth Fund (AGF) to vote to continue the fund with a suite of enhancements.In its explanat...more

MAH takes stake in GPS Wealth-linked firm

The planning subsidiary of publicly-listed Managed Accounts Holdings Limited has taken a minority stake in GPS Wealth-linked Queensland-based planning...more

AMP Capital and BetaShares launch active infrastructure and property ETMFs

AMP Capital has joined with BetaShares to launch what they are claiming as Australia's first active infrastructure and property exchange traded manage...more

Author

Comments

Add new comment