Yesterday
Bellevue Gold set to raise equity; Macquarie, Canaccord on ticket
The deal is expected to launch as early as this week, sources said.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Eildon Capital on former boss’ M&A radar
Street Talk understands that Brisbane-based property fund manager and financier Trilogy Funds is weighing an acquisition of Eildon Capital.
- Sarah Thompson, Kanika Sood and Emma Rapaport
UBS, Centuria Bass Credit team up for inaugural warehouse facility
The Swiss investment bank has put up an initial $100 million senior secured commitment as it increases its exposure to Australia’s non-bank real estate lending sector.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
What brokers, fund managers do when ‘mkt dead quiet’
This week is unlisted companies week. Macquarie, UBS and Citi are all parading unlisted companies or investment themes – ostensibly, in the name of research.
- Anthony Macdonald
- Updated
- Managed funds
Perpetual clients pull almost $8b from funds house before KKR sale
Almost 4 per cent of all assets were yanked from the storied asset manager, which is preparing to offload its more successful wealth management division.
- Updated
- Kylar Loussikian and Jonathan Shapiro
Trim mortgage ‘risk weights’ to help first home buyers: Barrenjoey
Barrenjoey called on APRA to allow banks to reduce mortgage “risk weightings” for first-time borrowers and for ASIC to drop HECS debt from responsible lending.
- James Eyers
- Updated
- Private equity
ASIC says opaque private credit funds will face more scrutiny
ASIC chairman Joe Longo says the regulator is setting up dedicated teams to investigate conflicts of interest and asset valuations in the sector.
- Updated
- Aaron Weinman
- Opinion
- Chanticleer
How to stop mortgages becoming just for the rich and old
Jonathan Mott’s six ideas for how first home buyers could better access credit are not perfect, but they deserve attention from politicians and regulators.
- James Thomson
Antipodes Partners to acquire rival fund manager Maple-Brown Abbott
The nine-year-old Antipodes would oversee $18.6 billion in assets after the acquisition.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Top Barrenjoey banker’s two fixes to restart IPOs
Barrenjoey co-executive chairman Guy Fowler says rethinking prospectus forecasts and some other reforms could help revive the quiet IPO market.
- Anthony Macdonald
Revealed: Square Peg’s jealously guarded returns are here
Canva’s $US2.4 billion secondary share sale couldn’t have come at a better time for one of its backers – and just as it’s about to raise a new fund.
- Sarah Thompson, Kanika Sood and Emma Rapaport
This Month
Private credit must be less secret, say banks, regulators
Chief executives of the nation’s biggest banks say they are prepared to partner with private credit funds but called on major players in the $2.3 trillion sector to provide better disclosures to investors.
- Aaron Weinman and Jonathan Shapiro
- Opinion
- Chanticleer
Rock stars happy to discuss fixes, but super isn’t the big problem
Tinkering with super allocations is one thing, but it cannot replace our desire for bolder economic and tax reform.
- Anthony Macdonald
- Opinion
- Chanticleer
Takeovers risk turning into money grabs for directors
Special exertion payments are legal, but we would argue they don’t befit a blue-chip company. Fund managers and governance experts also have concerns.
- Anthony Macdonald
QIC confirms it has written its 5pc of Thames Water to zero
The Queensland government-owned wealth fund told a parliamentary hearing the decision to write down the undisclosed value was ‘very unfortunate’.
- James Hall
NZ’s Crimson Education retains unicorn status after stealth round
Street Talk understands investors in education technology, which is backed by former NZ prime minister John Key, have boosted their valuations after a funding round.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Mortgage stress tests give advantage to big banks’ smaller rivals
But analysts warn that the green shoots – a growing market share – for non-bank lenders may lead them into difficult waters if rates continue to rise.
- Lucas Baird
- Analysis
- Commercial real estate
The new risk lurking in banks’ commercial real estate lending
While working from home is a known risk for office towers, Citi highlights a new pressure point for lenders – the growing cost of the energy transition.
- James Eyers
Bin way too long! Affinity Equity hires bank for Waste Services sale
You’d be forgiven for thinking Affinity has a leg-up in the UBS-run auction, given its ANZ boss’s history with the asset.
- Sarah Thompson, Kanika Sood and Emma Rapaport
The top 10 deals where bankers won big fees in the past year
The country’s largest investment banks shared in an estimated $600 million payday – from capital raisings to IPOs in everything from NextDC to the ailing Star.
- Aaron Weinman
