MA Financial to launch A$1 bn Real Estate Credit Vehicle with Warburg Pincus

Transaction highlights

• MA Financial announces the establishment of a Real Estate Credit Vehicle (Vehicle) to provide institutional investors unique access to Australia’s real estate credit market
• The Real Estate Credit Vehicle has an initial target of A$1 billion in note commitments and will aim to assist in closing the current funding gap in the Australian residential real estate market
• MA Financial will market debt investments in the Vehicle to institutional investors. As part of this, Warburg Pincus, a leading global growth investor, will facilitate offers to certain Warburg Pincus funds which have indicated their intention to invest in notes issued by the Vehicle
• Warburg Pincus will be entitled to options of up to 5 million MA Financial shares at a strike price of A$6.00 upon meeting certain milestones relating to commitment and deployment of capital. Read more...