Macquarie Real Estate Partners (MREP), a real estate fund managed by Macquarie Asset Management’s Real Estate division (MAM RE), announced it has invested in IDA, a leading Australian specialist real estate private credit and investment manager.
The investment by MREP will provide additional funding to support the continued growth of IDA’s specialist real estate private credit and investment management platform. IDA remains focused on seeking to deliver attractive risk-adjusted returns for its client base across Private Credit, High Yield and Land Syndication & Community Creation investment strategies, leveraging the growing demand for Australian real estate development financing which is underpinned by a structural undersupply of housing and reduced availability of traditional bank financing for developments.
IDA’s founding partners Adam Kaye, Robbie Fallon and Jeremy Urbach will retain majority ownership and continue to lead IDA’s day-to-day management.
MREP, the second vehicle in MAM RE’s flagship opportunistic fund series, leverages Macquarie Asset Management’s track record of investing in and partnering with specialist operators and aims to create a diversified portfolio targeting real estate sectors supported by strong structural macroeconomic drivers.
James Kemp, Head of Real Estate Asia Pacific, Macquarie Asset Management, said: “MAM RE has extensive experience investing in specialist operators, like IDA. We focus on sectors that are supported by structural tailwinds and then find the best business or team in that sector to partner with.
“We look for management teams that can differentiate themselves in their market and our successful track record of investing in and growing these specialist operators allows us to be very selective. We believe IDA is well positioned to grow its platform and capitalise on the increasing demand for flexible development financing solutions while offering compelling investment opportunities for its clients. IDA’s long standing track record demonstrates the management team’s ability to price and manage risk through cycles”.
Founded in 2010, IDA specialises in providing mid-market real estate private credit and financing solutions and has been a capital partner in over $A5 billion of projects across more than 100 investments. With a national network of development partners, IDA is active across all real estate asset classes and can provide tailored capital solutions across all parts of the capital stack. Since its inception, IDA has a compelling track record of investing across Private Credit, High Yield and Land Syndication & Community Creation investment strategies.
Adam Kaye, Founding Partner and Managing Director, said: “This strategic investment by MREP validates the quality and strength of our platform and will enable us to significantly enhance our offerings to our valued investment clients whilst also offering our borrower clients even greater flexibility, certainty and speed.
“MREP’s investment in IDA is testament to the quality of our organisation and our people. We welcome the opportunity to partner with a fund managed by a leading global specialist asset manager to grow IDA’s capabilities in Australia”.
About IDA
Established in 2010, IDA is a leading Melbourne-based specialist real estate private credit and investment manager.
Matching market leading origination, structuring and investment management capabilities with private wholesale capital and real estate financing and investment opportunities, IDA creates and manages bespoke real-estate backed investment portfolios for its investors whilst offering flexible and accretive capital solutions to Australian middle-market real estate owners and developers.
As a capital partner in over A$5.0bn in projects, IDA has deep and broad experience within all real estate asset classes & typologies and all parts of the capital stack.
Operating under the day-to-day management and majority ownership of founding partners Adam Kaye, Robbie Fallon and Jeremy Urbach, IDA employs a first class team of finance and investment professionals and maintains a proprietary approach to business co-investing meaningfully alongside IDA’s valued investment and development partners.
