The Straits Times December 27th, 2018 Pacific Star Development (PSD) is buying out its joint venture partner in the Puteri Cove Residences project to facilitate the obtaining of a $70 million loan facility, the property developer said on Monday. PSD will face an outlay of $26 million to buy out Max Treasure, the partner in [...]
Private Debt Investor November 29th, 2018 by Adalla Kim As smaller companies in the region face liquidity constraints, non-bank lenders are coming to the fore with financing solutions, writes Adalla Kim They may have less than $25 million in EBITDA but that doesn’t mean small and medium-sized enterprises are less in need of capital. A [...]
The Australian Financial Review November 26th, 2018 by Sarah Thompson Anthony Macdonald There is nothing like the lure of a lucrative future mandate to get money out of investment banks. So it is interesting to hear privately-owned mining equipment company National Plant & Equipment is offering a lead role on a mooted sharemarket listing to [...]
Private Debt Investor October 16th, 2018 by Adalla Kim OCP Asia, the Hong Kong-based credit fund manager, has garnered $500 million so far for its latest closed-end fund vehicle, Dan Simmons, a partner at the firm, has confirmed to Private Debt Investor. The capital raised for Orchard Landmark III is double that of its predecessor [...]
Bloomberg October 15th, 2018 by Bei Hu • Firm attracted $500 million for a new direct-lending fund • Investors also added capital to its oldest and largest fund OCP Asia has raised more than $700 million over the past 12 months for funds that lend to small- and medium-sized companies, according to a person familiar [...]
AsiaHedge October 9th, 2018 by Rodney Diola Manager attracts $500m in commitments to third lending vehicle under the Orchard Landmark series of funds OCP Asia is now a $2.25bn-sized lending manager after successfully attracting $500m in commitments from investors for its third lending vehicle under the Orchard Landmark series of funds. Dan Simmons, a partner [...]
Brisbane Times October 9th 2018 by Simon Johanson The sun is set to shine again on Sorrento’s Continental Hotel as developer Steller starts an $80 million redevelopment of the historic landmark. The ambitious, staged redevelopment of the Italianate-style hotel at the popular Mornington Peninsula seaside getaway, a short drive from Melbourne, is a joint venture [...]
Australian Financial Review August 10th 2018 by Sarah Thompson Anthony Macdonald Asia-based alternatives manager OCP Asia has tripled down on privately-owned mining equipment hire company National Plant & Equipment. Street Talk understands OCP Asia has written another $50 million cheque for National Plant in recent days, to take its exposure to the business to $185 million in [...]
Australian Financial Review Jul 5 2018 by Sarah Thompson Anthony Macdonald Hong Kong and Singapore-based alternatives manager OCP Asia has emerged as a backer of another Queensland-based company seeking a place on the ASX boards. Street Talk understands the company is engineering services firm Bothar Boring & Tunnelling which is weighing a local initial public offering after firming up OCP's support. Bothar is said to [...]
Editor, Magazines (Victoria) May 27 2018 by Emily Power As an AFL footballer, Andrew Welsh read the play with precision. As a greenfield property developer, the former Essendon vice-captain has read the residential market like he once would have received a plum pass. About six years ago, Welsh purchased a colossal parcel of [...]
