Australian Financial Review Mar 21 2018 by Sarah Thompson Anthony Macdonald Joyce Moullakis The steadily-building upswing in the mining industry has prompted hedge fund OCP Asia to more than double its investment in heavy earthmoving equipment rental firm Ackroyd Group ahead of a likely ASX listing. OCP Asia pumped [...]
Australian Financial Review Feb 18 2018 By Larry Schlesinger As the major banks turn their backs on developers, Financial Review Young Rich Lister and former Essendon footballer Andrew Welsh has turned to Hong Kong-based hedge fund OCP for a $70 million loan to fund a new house-and-land project in Melbourne. It's the second time in the space of [...]
Reuters December 12 2017 [SYDNEY] Australia's push to control a housing bubble by reining in bank lending to property developers has unleashed a highly profitable market for shadow lenders, including international hedge funds. The lenders are funding some developers at more than double the interest rate for the same type of loans that banks were [...]
Australian Financial Review Jul 19 2017 By Sarah Thompson, Anthony MacDonald and Joyce Moullakis A former BRW Rich 200 member's equipment hire company has been backed by one of Asia's top performing hedge funds. Street Talk understands Mark Ackroyd, whose National Plant & Equipment went into voluntary administration in July 2016, has secured funding from OCP Asia. Sources said OCP [...]
Global Trade Review Jul 05 2017 By Finbarr Bermingham Funds in Asian trade finance are becoming increasingly visible, as banks scale back their lending. Finbarr Bermingham speaks to three funds making hay in the banks’ absence. The logic is simple, if a tad reductive: a tough time for banks equals a good time for non-banks, [...]
Image : An artist's impression of Thornhill Park, which is being developed by Welsh Group. Australian Financial Review Feb 22 2017 by Larry Schlesinger Former Essendon football star and BRW Young Rich Lister Andrew Welsh has secured a $105 million finance facility from Hong Kong-based hedge fund OCP Asia to fund the development of a new suburb [...]
Jan 26 2017 by Larry Schlesinger One of the country's biggest private developers, Metro Property Development, has negotiated a $90 million senior loan with Hong Kong-based hedge fund OCP Asia to fund the construction of an apartment tower in Brisbane. Metro's deal with OCP comes as the major banks pull back from lending into the [...]
OCP Asia was a funder of the conversion of the 100 Harris Street wool warehouse into a residential and commercial property site. (Picture: Steven Siewert) Australian Financial Review Jan 12 2017 by Jonathan Shapiro One of Asia's top performing hedge funds is deploying more money than ever in Australia as banks retreat from property development, resources [...]
Australia 31 October 2016 Galaxy Resources Ltd (ASX: GXY) (“Galaxy”) (“the Company”) is pleased to announce that it has varied the existing OCP Asia (“OCP”) secured facility, where OCP will be providing an additional A$16 million facility ("New Facility") to the Company, which has been arranged to support working capital requirements as the Mt [...]
Stellar Group managing director Nicholas Smedley. (Picture: David Geraghty) The Australian July 25, 2016 By: Damon Kitney, Victorian Business Editor, Melbourne The Asia-focused alternative investment fund manager OCP Asia has emerged as the backer of a suite of new apartment developments in Melbourne suburbia by property developer the Steller Group, which now has about [...]
