Our performance.
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Investment management

Our performance.
Your outcome.

amicaa’s investment management team are experts in the sourcing, analysis and management of privately negotiated corporate loans.

We offer two strategies in Australasian private debt that provide different profiles for risk and total return:

Direct Lending 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 $100 million or more, 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:

Direct Lending
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 $100 million or more, 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

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.

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.

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.

✉: [email protected]

Antoine Pfirsch, Managing Director, 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.

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.

✉: [email protected]

Berkeley Liu, 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.

✉: [email protected]

Amandes Luther, Associate Director, 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.

✉: [email protected]

Eliana Dery, Analyst, Private Debt

Eliana brings over 3 years’ experience in finance and accounting. Prior to joining amicaa, Eliana was a Senior Consultant in Strategy & Transactions at EY, working in the Transaction Diligence team; and previously in the EY audit practice.

✉: [email protected]

David Cerveny, Senior Manager, Risk and Compliance

David is a risk management professional and brings over 12 years' experience in the financial services industry. Prior to joining amicaa, David was Risk & Compliance Business Partner with responsibility for providing support and advise to the Perpetual Asset Management business on how to develop implement and optimes risk and compliance frameworks. David also acted on the investment forum committee in his capacity as a member.

Prior to this, David was a Derivatives Trader at Epoch Capital. David started his career at the department of statistics at APRA.

✉: [email protected]

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.

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.

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.

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.

Taj Sidhu, Managing Director, Carlyle Global Credit

Mr. Taj Sidhu is a Managing Director and Head of European Credit Opportunities, based in London. Before joining Carlyle, Mr. Sidhu was a Managing Director and Head of European Private Credit for Oz Management where he worked for almost fourteen years. Taj led Private Credit efforts in Europe, was a member of Oz Management’s Global Commitments Committee, European Institutional Credit Strategies Committee and European Executive Committee. Prior to joining Oz Management, Mr. Sidhu was an Investment Banking Associate at Merrill Lynch in the Financial Sponsors and Leveraged Finance groups. Mr. Sidhu received a B.Sc. in Mathematics from the University of Warwick Mathematics Institute.

Mr. Sidhu is a director of the holding company of amicaa Investments (amicaa Investments Holdings Pty Ltd) and has been appointed by amicaa Investments as an authorised representative for the sole purpose of acting as a member of its Investment Committee.

Jay Ditmarsch, Carlyle Global Credit

Mr. Jay Ditmarsch is a member of Carlyle Credit Opportunities Fund, and has worked in the New York and London offices. Mr. Ditmarsch is currently based in New York. Prior to joining Carlyle, Mr. Ditmarsch was a member of the Principal Transactions Group at Macquarie Capital. Mr. Ditmarsch received a Bachelor of Arts (A.B) in Statistics and Economics from Harvard University.

Mr. Ditmarsch is a director of the holding company of amicaa Investments (amicaa Investments Holdings Pty Ltd) and has been appointed by amicaa Investments as an authorised representative for the sole purpose of acting as a member of its Investment Committee.

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