Payton Capital expands national presence to WA
Payton Capital has opened a new office in Western Australia and a second office in Queensland to boost its assets under management (AUM).
The fund manager specialises in the Australian commercial real estate private debt market and services domestic and offshore wholesale investors, family office and institutional investors.
In July, alternative asset manager HMC Capital completed its acquisition of Payton Capital as it is looking to establish a diversified private credit platform over the medium term covering real estate, corporate, mezzanine and infrastructure private credit investment management.
Payton Capital, which has over $1.5 billion in AUM, has existing offices located in Sydney and Brisbane, alongside its headquarters in Melbourne.
It has now announced further expansion across the country with the opening of new offices in Perth and the Gold Coast, which are now operational.
“Having a presence on the west coast and additional presence in south-east Queensland opens up significant opportunities for us to grow Payton’s assets under management in two dynamic markets. The new offices are a major step forward in a year of extensive growth,” said Craig Schloeffel, co-head of Payton Capital.
“We are confident that with building private credit market throughout the country and a strong team for both locations, we are well-positioned to continue expanding the business.”
In particular, the company said its Western Australia office has opened robustly and established a strong lending pipeline. Payton Capital welcomed its first two staff members in Perth who have commenced in their roles.
Brendan Arundell has been appointed as a relationship director, who joins from boutique property investment and finance house CVS Lane Capital Partners.
Meanwhile, Rebecca Finlayson has joined as senior relationship manager. She previously spent over six years at the Bank of Queensland, most recently as its head of property finance.
Payton Capital’s Gold Coast team will be led by existing staff Chris Bevans, investment director, and Gary Parkin, senior relationship director, who will both transition from the Brisbane office.
Regarding the acquisition of Payton Capital, HMC Capital chair of private credit, Matt Lancaster, explained how it will help the firm take advantage of the growing private credit market.
He said in July: “We are focused on building Australia’s leading private credit platform with a broad-based focus and capability. The private credit market in Australia is still at a very nascent stage of development with significant parallels to what I experienced in the United States over a decade ago.
“The Payton acquisition provides a strong growth platform in real estate credit, and we are now focused on expanding our capability to take advantage of the significant opportunity in corporate credit.”
AUTHOR
Jasmine Siljic
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