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Equity injection for IPO hopeful Ackroyd

The 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 [...]

2021-04-19T07:41:53+00:00 By |Uncategorized|

Essendon’s Andrew Welsh gets $70m hedge fund loan for Melbourne land project

The 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 [...]

2021-04-19T07:42:17+00:00 By |Uncategorized|

Australia’s crackdown on property lending fuels lucrative debt market

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 [...]

2018-02-22T05:39:46+00:00 By |Uncategorized|

OCP Asia in Ackroyd Group’s corner

The 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 [...]

2021-04-19T07:43:01+00:00 By |Uncategorized|

Asia trade funds: Out of the shadows

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, [...]

2017-07-20T08:18:25+00:00 By |Uncategorized|

Ex-AFL star secures $105m hedge fund loan for new Melbourne suburb

Image : An artist's impression of Thornhill Park, which is being developed by Welsh Group. The 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 [...]

2021-04-19T07:44:11+00:00 By |Uncategorized|

Metro gets $90m loan from Hong Kong hedge fund for Brisbane tower

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 [...]

2021-04-19T07:45:33+00:00 By |Financial|

Asian credit hedge fund goes where Aussie banks fear to tread

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) The 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, [...]

2021-04-19T07:46:59+00:00 By |Uncategorized|

Hedge Fund OCP Asia Hires Ernest Lee From Nomura in Singapore

Bloomberg Jul 4 2016 by Denise Wee Lee was head of principal finance group at Nomura Singapore OCP Asia is hiring as banks scale back regional SME lending Credit hedge fund OCP Asia has hired Ernest Lee from Nomura Singapore Ltd. as a senior portfolio manager, Dan Simmons, a partner at the firm said. Lee will [...]

2017-07-21T05:33:52+00:00 By |Uncategorized|