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
Selfwealth has provided an update on the status of its scheme implementation deed with Bell Financial Group as well as whether rival bidder Svava remains in the picture.
Magellan Financial Group has reported its first half FY25 results while appointing a new chief financial officer and promoting Sophia Rahmani to chief executive.
Schroders Australia has launched two active ETFs and plans to further expand its listed range over the year ahead.
Platform Netwealth has reported its financial results for the first half of FY25, reporting an 80 per cent increase in net flows, with its CEO viewing a “huge opportunity” from private assets.
