Strengthens position as one of Australia’s leading and largest private credit investment managers
Media Release:
Melbourne, 16 December 2024
Global real asset manager CapitaLand Investment (CLI) is acquiring the property and corporate credit investment management business of Wingate, one of Australia’s leading private credit investment managers.
Headquartered and listed in Singapore, CLI is a leading global real asset manager with S$134 billion (about A$153 billion) of assets under management. Over the past 20 years, Wingate has executed more than 350 transactions worth more than A$20 billion in real estate value in the Australian market.
The transaction will see CLI expand its private credit business and its portfolio in Australia, while Wingate will enlarge CLI’s extensive proprietary deal origination networks and enhance its access to more institutional and private investors.
Farrel Meltzer, Founder and CEO of Wingate, will transition the executive leadership of Wingate’s property and corporate credit business to current Managing Director of Wingate Property, Nick Jacobson. Jacobson will assume the title of Wingate’s Managing Director in the coming months.
Meltzer will continue to serve as a non-executive director of Wingate and a Senior Advisor to CLI in Australia, as well as CLI’s private credit business globally.
Wingate’s principal investment and related strategies, including portfolio companies, ORDE Financial, Fifo Capital and Talaria Asset Management, and the Specialised Finance Fund, will be excluded from the transaction. These assets are to be spun out into Fancourt Capital Group (FCG), a new dedicated investment firm, which will continue to be owned by the current Wingate shareholder group. FCG will be chaired by Farrel Meltzer and led by Yoni Cukierman, current Managing Director of Wingate’s principal investment strategy, as FCG’s CEO.
“Wingate employees, co-investors and clients will benefit greatly from the partnership with CLI, including access to a range of global best-in-class investment opportunities. This partnership will bring fresh international perspectives, create seamless cultural and operational synergy, and further elevate the platform’s already high standards of co-investor management.” Meltzer said.
Final transaction close is subject to the fulfilment of conditions, including regulatory approval and is expected to be completed in the coming months. CLI is committed to maintaining and growing Wingate’s business under its existing management and Wingate will remain Australian domiciled, preserving its local identity.
Nick Jacobson said: “Wingate is a private credit pioneer in Australia focused on fostering long-term partnerships, carefully managing risks and delivering sustainable returns. We have built a best-in-class property and client-centric corporate credit platform in the country since it was founded by Farrel Meltzer 20 years ago. We are delighted to work with CLI to provide our co-investors and borrowers with enhanced access to highly attractive investment opportunities across CLI’s global platform. The growth of Wingate with the backing of CLI is a truly industry-transforming prospect for what can be delivered to local and global institutional investors. The combination of Wingate and CLI will further strengthen Wingate’s market standing as a leader in Australian real estate private credit and to becoming the fund manager of choice for institutional investors seeking exposure to the stable and attractive Australian real estate sector.”
Mr Paul Tham, Group Chief Financial Officer, CLI, said: “We are excited to welcome Wingate into CLI’s global ecosystem. The senior team, led by Wingate’s Founder Farrel Meltzer, has built Wingate into a leading Australian credit platform. It has an outstanding track record, and is ideally positioned for growth by leveraging its extensive relationships with developers and corporates across Australia.
We thank Farrel for his stewardship and vision in growing Wingate over the last 20 years. Wingate’s private credit capabilities complement CLI’s own private funds platform, and will enable us to collaborate to create greater value for our capital partners in Australia and beyond.”
“As we accelerate our geographical diversification efforts, Australia is one of CLI’s focus markets where we see significant potential for growth. Australia will play a greater role in contributing to CLI’s FUM as we strive towards our S$200 billion FUM target in 2028. CLI has committed to invest up to A$1 billion (about S$878 million) to grow our FUM in the country. As we strengthen our position as a leading global real asset manager, we will continue to seek opportunities to scale our Australian presence through our listed funds, private funds as well as our commercial and lodging management businesses to drive fee income growth for CLI,” added Mr Tham.
安迪-里丁斯
Wingate 市场营销与传播部总监
aridings@wingate.com.au
Wingate Media Release - 16 Dec 2024
关于Wingate
Wingate 作为 凯德投资 (CLI) 旗下公司，是一家领先的澳大利亚私募信贷投资管理机构，专注于房地产及中端市场企业信贷解决方案。Wingate 的投资者包括全球金融机构、本地和国际家族办公室以及私人投资者。我们的成功源于三大核心优势：恪守道德准则的运营理念、深厚的债务市场专业能力，以及赢得合作伙伴信任的卓越能力。
Wingate 成立于 2004 年，其投资理念由一支在房地产及企业信贷领域拥有深厚专业知识的团队所支持。每笔投资均以严格的风险管理框架为基础，历经多个经济周期为共同投资者持续创造稳健回报、实现可持续增长。
我们致力于培养长期互信的合作伙伴关系，并始终秉持对员工、共同投资者、股东及商业合作伙伴的高度责任感。
关于 CapitaLand Investment Limited
CapitaLand Investment (CLI) 凯德投资是立足亚洲、领先的全球不动产资产管理公司，总部设在新加坡，并于2021年在新加坡上市。截至2025年3月31日，凯德投资的基金资产管理规模为1,170亿新元，通过7支上市不动产投资信托基金 (REITs) 和商业信托以及一系列投资于人口趋势、格局颠覆重构，以及数字化主题的不动产私募投资工具持有。旗下多元化不动产资产类别涵盖购物中心、办公楼、旅宿、工业地产、物流园、产业园区、健康、自助仓储、数据中心、私募信贷和特殊机会。
凯德投资的目标是在全球范围内扩大其基金管理、旅宿管理和商业管理业务规模，并保持有效的资本管理。作为凯德集团旗下的投资管理分支，凯德投资能够利用凯德集团旗下开发分支的开发能力和管道投资机会。 2025 年正值凯德集团成立 25 周年，我们回顾辉煌历史，始终秉持创新精神，引领房地产行业的发展与变革。
作为一家负责任的企业，凯德投资将可持续发展作为其工作核心并承诺到2050年实现范围1和范围2的净零碳排放。凯德投资在为利益相关方创造长期经济价值的同时，致力于为其业务所在地的环境和社会福祉作贡献。
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