Revolution Asset Management, the non-public debt funding home run by Bob Sahota, Simon Petris and David Saija, is prepared for its New Zealand foray.
Revolution AM’s co-founder and chief funding officer Bob Sahota.
Revolution’s founders have been assembly with buyers throughout the Tasman over the previous fortnight to agency up cornerstone assist for a brand new fund anticipated to launch early subsequent 12 months.
The non-public debt investor already lends to a number of firms throughout the ditch, together with categorised adverts web site Trade Me, Bluestone Home Loans, and Latitude Financial Services. However, Australia has been its home base, the place it manages $2.6 billion on behalf of institutional buyers corresponding to UniSuper and high-net-worth buyers.
The New Zealand-focused fund would put money into the Revolution Private Debt Fund II and hedge again to its home forex. Some of the agency’s current purchasers who’re New Zealand residents ought to switch over to kick off the brand new fund. Over time, it will additionally imply Revolution’s founders have higher cause to go to New Zealand and hunt for funding alternatives there.
Sahota was beforehand Challenger’s fastened earnings boss, whereas Petris was a senior portfolio supervisor for Westpac’s $2.2 billion Credit Relative Value fund. Saija was a portfolio supervisor at Kapstream Capital.
The trio based Revolution in 2019 and have turn out to be lively gamers in company leveraged loans, non-public asset backed securities, and actual property loans (excluding development or growth).
