Why this global PE giant is backing a $1b bet on Aussie housing
The $120 billion private equity giant, Warburg Pincus, will back MA Financial’s new investment vehicle, which aims to help plug the housing sector’s funding gap.
The $US83 billion ($123 billion) private equity giant Warburg Pincus and local financial services group MA Financial are placing a $1 billion bet on two of the most talked about asset classes in the country: residential property and private credit.
In a deal 12 months in the making, Warburg Pincus will back a new Australian real estate credit vehicle that will be managed by MA Financial (formerly Moelis Australia), which will lend to developers across high-density, medium-density and subdivision projects.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
