Investec Australia to enter asset-based lending market
Investec Australia is following the wider Investec Group’s involvement in the British and South African Asset Based Lending (ABL) markets, and is entering the Australian ABL capital market to fill “the void” left by the departure of GE Capital.
Head of Investec CAF, Simon Beissel said the group would focus on sponsored and non-sponsored event driven transactions including acquisition, recapitalisation and growth.
“Investec will replicate its successful UK model by offering a combination of Asset Based and Cash Flow Lending,” he said.
“Over the past 12 months, Investec has been setting up the ABL platform which included system installation.”
The group would look to target mid-market companies with asset rich balance sheets with the ABL business, which Beissel said would fit well with Investec’s existing CAF core product range, which included leverage finance, corporate lending, fund finance, and asset finance.
Within the Australian fund market, FE Analytics showed Investec Asset Management’s Investec Diversified Growth Fund has year to date returns of 2.46 per cent, slightly below the sector average 3.88 per cent returns.
AUTHOR
Hope William-Smith
Recommended for you
BlackRock Australia plans to launch a Bitcoin ETF later this month, wrapping the firm’s US-listed version which is US$85 billion in size.
Financial advisers have expressed concern about the impact including private market exposure is having on their tracking error budget, according to MSCI.
State Street will restrict its membership of global climate alliance Net Zero Asset Managers after the organisation dropped its flagship 2050 goals amid ESG backlash from the US.
Betashares has launched a global shares and a global infrastructure ETF as part of the firm’s strategic expansion strategy to support financial advisers in building more diversified portfolios.
