Allens is pleased to have advised leading global investment firm Blackstone, as well as Greg O’Neill OAM, on the sale process for prominent diversified credit asset manager La Trobe Financial, culminating in the successful sale to Brookfield Asset Management for approximately $1.5 billion.
Founded by the O’Neill family, La Trobe Financial is a leading Australian non-bank lender and asset manager with more than A$13 billion in assets under management. La Trobe manages fixed income credit funds on behalf of more than 50,000 qualified retail investors, primarily in residential property-backed loans. It also plays a critical role in the Australian real estate credit market by financing loans to high-quality borrowers.
‘We are delighted to have supported Blackstone and Greg on this significant divestment. La Trobe Financial has seen remarkable growth under Blackstone’s ownership and we look forward to seeing this continue with Brookfield,’ said Partner and Private Capital Sector Leader Emin Altiparmak.
‘We congratulate Blackstone and Greg on this successful exit. The transaction between two of the world’s leading investment firms reaffirms the significant investor demand in Australia’s non-bank lending sector and follows the listings of three other major non-bank lenders in the last 18 months,’ added Partner Vijay Cugati.