Our performance.
Your outcome.
Investment management
Our performance.
Your outcome.
amicaa’s investment management team are experts in the sourcing, analysis and management of privately negotiated corporate loans and other private debt related investments.
We offer two strategies in Australasian private debt that provide different profiles for risk and total return:
Core Plus Strategy
Designed as an open-ended fund for wholesale and institutional investors, this strategy aims to return at least 5% p.a. over Australian bank bills over the medium term. It will typically invest in privately negotiated loans of between $20 and $50 million extended to qualified Australasian corporate borrowers.
Opportunistic Strategy
amicaa’s opportunistic strategy lends to quality Australasian companies acting on a catalyst – such as an acquisition or expansion goal – where specialist financing is required. These events enable the strategy to target returns of more than 8% p.a. over Australian bank bills over a five-year period. It will typically invest in loans of between $50 and $150 million, extended to qualified Australasian corporate borrowers.
amicaa’s investment management team are experts in the sourcing, analysis and management of privately negotiated corporate loans and other private debt related investments.
We offer two strategies in Australasian private debt that provide different profiles for risk and total return:
Core Plus
Strategy
Designed as an open-ended fund for wholesale and institutional investors, this strategy aims to return at least 5% p.a. over Australian bank bills over the medium term. It will typically invest in privately negotiated loans of between $20 and $50 million extended to qualified Australasian corporate borrowers.
Opportunistic
Strategy
amicaa’s opportunistic strategy lends to quality Australasian companies acting on a catalyst – such as an acquisition or expansion goal – where specialist financing is required. These events enable the strategy to target returns of more than 8% p.a. over Australian bank bills over a five-year period. It will typically invest in loans of between $50 and $150 million, extended to qualified Australasian corporate borrowers.
Our expertise in originating and managing high quality private credit investment portfolios can deliver superior performance through various market cycles.
By lending to high calibre borrowers, our investments support quality Australian companies that are under-served by banks, and carefully selected against ESG and other criteria.
With risk and return characteristics that are different to other asset classes, our strategies complement traditional equity and fixed income investments. This provides our clients with a defensive allocation that delivers stable, income-oriented returns from a diversified portfolio.
Our expertise in originating and managing high quality private credit investment portfolios can deliver superior performance through various market cycles.
By lending to high calibre borrowers, our investments support quality Australian companies that are under-served by banks, and carefully selected against ESG and other criteria.
With risk and return characteristics that are different to other asset classes, our strategies complement traditional equity and fixed income investments. This provides our clients with a defensive allocation that delivers stable, income-oriented returns from a diversified portfolio.
How we invest
Our credit investment team is experienced in analysing risk and return, sourcing investment opportunities and matching these to the goals of an investment portfolio.
We achieve results by following a disciplined investment process that guides:
- the origination of suitable investment opportunities
- efficient screening of the investment universe
- detailed research and due diligence into the borrower, industry, business conditions, ESG characteristics and the design of a suitable lending package
analysis of risk, asset management requirements and fit to our clients’ portfolios - final review by our investment committee and decision to invest
- the steps involved in execution of a loan or credit instrument and its funding process
- ongoing asset and portfolio management requirements
- investor reporting and communications.
Each of these steps has been developed through years of practical experience allocating capital in the corporate credit sector.
It’s this experience, combined with a clear governance structure, that provides investors with the confidence that our investment strategies will be true-to-label and perform their intended role in a diversified investment portfolio.
How we invest
Our credit investment team is experienced in analysing risk and return, sourcing investment opportunities and matching these to the goals of an investment portfolio.
We achieve results by following a disciplined investment process that guides:
- the origination of suitable investment opportunities
- efficient screening of the investment universe
- detailed research and due diligence into the borrower, industry, business conditions, ESG characteristics and the design of a suitable lending package analysis of risk, asset management requirements and fit to our clients’ portfolios
- final review by our investment committee and decision to invest
- the steps involved in execution of a loan or credit instrument and its funding process
- ongoing asset and portfolio management requirements
- investor reporting and communications.
Each of these steps has been developed through years of practical experience allocating capital in the corporate credit sector.
It’s this experience, combined with a clear governance structure, that provides investors with the confidence that our investment strategies will be true-to-label and perform their intended role in a diversified investment portfolio.
Our investment
management team
David Hoskins
Senior Managing Director and Head of Private Debt
David brings over 20 years industry experience in both Australian and European credit markets. Prior to joining amicaa, David was Head of Acquisition Finance for CIP Asset Management (CIPAM), a division of the Challenger Group. As part of this role, David was also Co-Portfolio Manager for the CIPAM Multi-Sector Private Lending Fund and the CIPAM Private Lending Opportunities Fund. Prior to CIPAM, David spent nine years at National Australia Bank.
Antoine Pfirsch
Managing Director, Private Debt
Antoine brings amicaa over 14 years' credit and special situations investing across capital structures in the Asia Pacific. Prior to amicaa, Antoine wa Managing Director at Realside Capital, a private credit manager focused on specia situations and opportunistc financings in Australasia. This followed more than 9 years' with Anchorage Capital Group, responsible for managing special situations credit and equity investments in the Asia Pacific region.
Liz Bennett
Head of Business Services, Private Debt
Liz brings more than 30 years’ experience in professional accounting and business partnership roles for listed companies both in Australia and Europe. Liz was Senior Manager and Business Partner at Colonial First State, responsible for supporting strategic initiatives and provided finance support to the business.
Berkeley Liu
Associate Director, Private Debt
Berkeley has seven years experience in corporate finance and asset finance. Prior to starting with amicaa Berkeley was Portfolio Manager, High Yield & Acquisition at Challenger Investment Management where he structured and deployed high yield credit investments. He has also held roles at Moody’s Investors Service and at Macquarie Group Limited.
Amandes Luther
Associate, Private Debt
Amandes brings five years' experience as a credit analyst, working within corporate, asset and leveraged finance teams. Prior to joining amicaa, Amandes was Associate Manager, Corporate and Leveraged Finance at Macquarie Bank, following three years working as an Analyst in the Credit Risk team at Challenger.
Our investment management team
Our investments team members are experts at analysing credit investments and maximising available opportunities, including the selection of borrowers and the design of each and every transaction. This enables us to select those best suited to our clients’ goals– where investors are rewarded for risk taken and capital can be preserved.
David Hoskins
Senior Managing Director and Head of Private Debt
David brings over 20 years industry experience in both Australian and European credit markets. Prior to joining amicaa, David was Head of Acquisition Finance for CIP Asset Management (CIPAM), a division of the Challenger Group. As part of this role, David was also Co-Portfolio Manager for the CIPAM Multi-Sector Private Lending Fund and the CIPAM Private Lending Opportunities Fund. Prior to CIPAM, David spent nine years at National Australia Bank.
Antoine Pfirsch
Managing Director, Private Debt
Antoine brings amicaa over 14 years' credit and special situations investing across capital structures in the Asia Pacific. Prior to amicaa, Antoine wa Managing Director at Realside Capital, a private credit manager focused on specia situations and opportunistc financings in Australasia. This followed more than 9 years' with Anchorage Capital Group, responsible for managing special situations credit and equity investments in the Asia Pacific region.
Liz Bennett
Head of Business Services, Private Debt
Liz brings more than 30 years’ experience in professional accounting and business partnership roles for listed companies both in Australia and Europe. Liz was Senior Manager and Business Partner at Colonial First State, responsible for supporting strategic initiatives and provided finance support to the business.
Berkeley Liu
Associate Director, Private Debt
Berkeley has seven years experience in corporate finance and asset finance. Prior to starting with amicaa Berkeley was Portfolio Manager, High Yield & Acquisition at Challenger Investment Management where he structured and deployed high yield credit investments. He has also held roles at Moody’s Investors Service and at Macquarie Group Limited.
Amandes Luther
Associate, Private Debt
Amandes brings five years' experience as a credit analyst, working within corporate, asset and leveraged finance teams. Prior to joining amicaa, Amandes was Associate Manager, Corporate and Leveraged Finance at Macquarie Bank, following three years working as an Analyst in the Credit Risk team at Challenger.
Our investment management team
Our investments team members are experts at analysing credit investments and maximising available opportunities, including the selection of borrowers and the design of each and every transaction. This enables us to select those best suited to our clients’ goals– where investors are rewarded for risk taken and capital can be preserved.
David Hoskins, Managing Director and Head of Private Debt
David brings over 20 years industry experience in both Australian and European credit markets. Prior to joining amicaa, David was Head of Acquisition Finance for CIP Asset Management (CIPAM), a division of the Challenger Group. As part of this role, David was also Co-Portfolio Manager for the CIPAM Multi-Sector Private Lending Fund and the CIPAM Private Lending Opportunities Fund. Prior to CIPAM, David spent nine years at National Australia Bank.
Liz Bennett, Head of Business Services, Private Debt
Liz brings more than 30 years’ experience in professional accounting and business partnership roles for listed companies both in Australia and Europe. Liz was Senior Manager and Business Partner at Colonial First State, responsible for supporting strategic initiatives and provided finance support to the business.
Amandes Luther, Associate, Private Debt
Amandes brings five years' experience as a credit analyst, working within corporate, asset and leveraged finance teams. Prior to joining amicaa, Amandes was Associate Manager, Corporate and Leveraged Finance at Macquarie Bank, following three years working as an Analyst in the Credit Risk team at Challenger.
Our investment
committee
Our investment team is supported by an investment committee comprising executive and independent members, all of whom bring extensive industry experience through various market cycles.
David Wood
Chief Executive Officer
David has over 20 years’ investment banking, corporate lending and advisory experience. He was previously Vice Chair and Head of Investment Banking (Australia & New Zealand) at Bank of America Merrill Lynch, following senior roles with Rothschild & Co and ANZ.
Cathy Hales
Executive Director
Cathy has over 25 years’ experience in leading and developing funds management businesses. She was previously Global Head of Fidante Partners (the multi-boutique funds management arm of the Challenger Group), following senior roles with Deutsche Asset Management, Colonial First State and BT Funds Management.
Marcus Elsum
Independent Investment Committee Member
Marcus has over 30 years’ global experience in investment banking and funds management. He is a company director and risk management adviser, following a corporate career involving senior roles with Challenger Group, Greenway Capital, Ashe Morgan, UBS and CS First Boston.
David Hoskins
Senior Managing Director and Head of Private Debt
David brings over 20 years industry experience in both Australian and European credit markets. Prior to joining amicaa, David was Head of Acquisition Finance for CIP Asset Management (CIPAM), a division of the Challenger Group. As part of this role, David was also Co-Portfolio Manager for the CIPAM Multi-Sector Private Lending Fund and the CIPAM Private Lending Opportunities Fund. Prior to CIPAM, David spent nine years at National Australia Bank.
Our investment
committee
Our investment team is supported by an investment committee comprising executive and independent members, all of whom bring extensive industry experience through various market cycles.
David Wood
Chief Executive Officer
David has over 20 years’ investment banking, corporate lending and advisory experience. He was previously Vice Chair and Head of Investment Banking (Australia & New Zealand) at Bank of America Merrill Lynch, following senior roles with Rothschild & Co and ANZ.
Cathy Hales
Executive Director
Cathy has over 25 years’ experience in leading and developing funds management businesses. She was previously Global Head of Fidante Partners (the multi-boutique funds management arm of the Challenger Group), following senior roles with Deutsche Asset Management, Colonial First State and BT Funds Management.
Marcus Elsum
Independent Investment Committee Member
Marcus has over 30 years’ global experience in investment banking and funds management. He is a company director and risk management adviser, following a corporate career involving senior roles with Challenger Group, Greenway Capital, Ashe Morgan, UBS and CS First Boston.
David Hoskins
Managing Director and Head of Private Debt
David brings over 20 years industry experience in both Australian and European credit markets. Prior to joining amicaa, David was Head of Acquisition Finance for CIP Asset Management (CIPAM), a division of the Challenger Group. As part of this role, David was also Co-Portfolio Manager for the CIPAM Multi-Sector Private Lending Fund and the CIPAM Private Lending Opportunities Fund. Prior to CIPAM, David spent nine years at National Australia Bank.
Our investment
committee
Our investment team is supported by an investment committee comprising executive and independent members, all of whom bring extensive industry experience through various market cycles.
David Wood, Chief Executive Officer
David has over 20 years’ investment banking, corporate lending and advisory experience. He was previously Vice Chair and Head of Investment Banking (Australia & New Zealand) at Bank of America Merrill Lynch, following senior roles with Rothschild & Co and ANZ.
Cathy Hales, Executive Director
Cathy has over 25 years’ experience in leading and developing funds management businesses. She was previously Global Head of Fidante Partners (the multi-boutique funds management arm of the Challenger Group), following senior roles with Deutsche Asset Management, Colonial First State and BT Funds Management.
Marcus Elsum, Independent Investment Committee Member
Marcus has over 30 years’ global experience in investment banking and funds management. He is a company director and risk management adviser, following a corporate career involving senior roles with Challenger Group, Greenway Capital, Ashe Morgan, UBS and CS First Boston.
David Hoskins, Managing Director and Head of Private Debt
David brings over 20 years industry experience in both Australian and European credit markets. Prior to joining amicaa, David was Head of Acquisition Finance for CIP Asset Management (CIPAM), a division of the Challenger Group. As part of this role, David was also Co-Portfolio Manager for the CIPAM Multi-Sector Private Lending Fund and the CIPAM Private Lending Opportunities Fund. Prior to CIPAM, David spent nine years at National Australia Bank.
Recent investment management news
amicaa welcomes Antoine Pfirsch as Managing Director, Private Debt
amicaa is pleased to welcome Antoine Pfirsch as Managing Director to its recently launched Private Debt investments business. Antoine joins amicaa and brings to the team more than 14 years of...
Carlyle Global Credit and amicaa form private credit joint venture in Australia and New Zealand
Global investment firm Carlyle (NASDAQ: CG) announced today that funds managed by its Global Credit platform and Australia-based credit investment firm amicaa have formed a joint venture to invest...
amicaa welcomes David Hoskins as Managing Director and Head of Private Debt
amicaa is pleased to welcome David Hoskins as Managing Director and Head of Private Debt to its recently launched investments business. David joins the business with experience and industry...
Recent transactions
amicaa welcomes Antoine Pfirsch as Managing Director, Private Debt
amicaa is pleased to welcome Antoine Pfirsch as Managing Director to its recently launched Private Debt investments business. Antoine joins amicaa and brings to the team more than 14 years of...
Carlyle Global Credit and amicaa form private credit joint venture in Australia and New Zealand
Global investment firm Carlyle (NASDAQ: CG) announced today that funds managed by its Global Credit platform and Australia-based credit investment firm amicaa have formed a joint venture to invest...
amicaa welcomes David Hoskins as Managing Director and Head of Private Debt
amicaa is pleased to welcome David Hoskins as Managing Director and Head of Private Debt to its recently launched investments business. David joins the business with experience and industry...