MA Financial and a subsidiary of non-bank lender Humm Group are picking up as much as $1 billion in loans that are secured against thousands of assets such as equipment or vehicles.

The investment bank, formerly known as Moelis Australia, is partnering with Humm-owned Flexicommercial, to acquire the loans through its private credit business. MA will kickstart the effort with an initial $500 million, while Flexicommercial is charged with originating deals for a portfolio containing more than 6000 loans.