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.
Recommended for you
For overseas fund managers coming to Australia, a focus on platforms is critical for achieving growth, according to IMAP chair Toby Potter, flagging iCapital’s partnership with Netwealth as a firm which is succeeding in this goal.
Global investment firm Lazard Asset Management has appointed AllianceBernstein’s global head of investment as chief executive, as current CEO Evan Russo prepares to step down after almost two decades at the firm.
Ausbil has launched its first active ETF in response to adviser demand for a dual-access product offering regular monthly income.
Platinum Asset Management has reported its second-highest monthly outflows for 2025 with more expected later this year, thanks to a major client redemption.
