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.
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
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 to amicaa over 14 years' credit and special situations investing across capital structures in the Asia Pacific. Prior to joining amicaa, Antoine was Managing Director at Realside Capital, a private credit manager focused on special situations and opportunistic financings in Australasia. This followed more than 9 years with Anchorage Capital Group, where Antoine was 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
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 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.
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.
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 to amicaa over 14 years' credit and special situations investing across capital structures in the Asia Pacific. Prior to joining amicaa, Antoine was Managing Director at Realside Capital, a private credit manager focused on special situations and opportunistic financings in Australasia. This followed more than 9 years with Anchorage Capital Group, where Antoine was 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
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 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.
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.
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
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.
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.
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.
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.
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.
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.
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.
Recent investment management news
Carlyle & amicaa Provide Debt Financing to RØDE
Sydney, Australia, December 4, 2023 – Global investment firm Carlyle (NASDAQ: CG) and amicaa today announced that they have provided debt financing to The Freedman Group, the parent company of RØDE....
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...
Recent transactions
Carlyle & amicaa Provide Debt Financing to RØDE
Sydney, Australia, December 4, 2023 – Global investment firm Carlyle (NASDAQ: CG) and amicaa today announced that they have provided debt financing to The Freedman Group, the parent company of RØDE....
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...