Institutional
Providing superannuation and pension funds, sovereign wealth funds and insurers with unparalleled access to commercial real estate credit.
Our platform
As a leading private credit originator and investment manager focused on commercial real estate in Australia and New Zealand, we have delivered strong, reliable risk‑adjusted returns to institutional investors across market cycles.
Built on a heritage of managing institutional capital, our platform is underpinned by disciplined risk management, rigorous governance and on‑the‑ground origination that provides access to high‑quality opportunities and local intelligence. Together, these capabilities support prudent deployment in an idiosyncratic asset class.
Today, institutional capital represents more than half of our total funds under management.
Our approach
We build portfolios through tailored separately managed accounts and diversified fund allocations. Our deep understanding of commercial real estate credit risk and return enables us to structure strategies that align with portfolio diversification goals, risk appetite and investment objectives.
Investment strategies
MaxCap Investment Trust (MIT)
Our flagship debt vehicle, the MaxCap Investment Trust (MIT), is an evergreen fund offering wholesale investors immediate exposure to a diversified pool of commercial real estate credit investments spanning multiple sectors and regions. It provides investors monthly liquidity1 and a choice of return targets. The First Mortgage fund received an Investment Grade rating from Lonsec Research2 in 2025.
Separate Managed Accounts
Separate Managed Accounts (SMA) tailor investment strategies targeting the full spectrum of CRE debt, aligned to each client’s risk, return and portfolio objectives. End-to-end origination, underwriting and asset management capabilities, delivering seamless execution across the lifecycle of each investment. Dedicated relationship management with full access to our broader platform, ensuring transparency, alignment and consistent delivery of outcomes.
1 Monthly liquidity includes applications, distributions and redemptions. Redemptions may be delayed by the Trustee in accordance with the Trust Deed and the Interests of Investors.
2 The rating issued by Lonsec is general advice only and do not take account the objectives, financial situation or needs of investors. Investment ratings are only one factor to be taken into account when deciding whether to invest. Consider your personal circumstances and read the Information Memorandum if the product is right for you. All investments contain risk and may lose value. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager.
