Since our establishment in March 2016 the market has undergone and continues to undergo significant change. Examples include the entry of off-shore private equity groups, growth in the Fintech sector and the introduction of the ‘challenger banks’. These, combined with a tightening credit environment and the fallout from the royal commission, has transformed the non-bank sector and provided an opportunity for new lenders to emerge.
With around 70 transactions settled on behalf of over 50 clients, AMAL Trustees’ team of technical specialists has assisted a number of new entrants navigate their way through the complex structuring and modelling requirements of a new funding structure, whether it be in the securitisation market, funds or syndicated lending.
Examples of recent clients include:
Judo Capital is a new, specialist SME lender, currently awaiting its banking licence, that has raised over $140 million of equity. AMAL Trustees played a significant role in assisting Judo with its first three warehouses. Co-founder, Tim Alexander, said:
“We engaged the AMAL team very early in the evolution of our company with the promise of high levels of service and a true relationship style of doing business. What we have experienced is right at the top end of our expectations, the team have taken a long term approach to the relationship demonstrating genuine interest in our well-being and providing value add support on many dimensions of our business.”
BC Securities is a specialist, non-resident lender with a sizeable warehouse from a global investment bank.
The AMAL group provides a full range of services including loan servicing, trustee services and trust management. CEO, David Hinde, said: “The AMAL group has been with us from the beginning and have been instrumental in allowing us to finalise our funding and significantly grow the program. Their skills across the whole range of services within a securitisation structure have been invaluable.”
Allied Credit provide a range of branded consumer and floorplan finance products to major vehicle and equipment manufacturers. AMAL Trustees has assisted Allied launch a succession of discrete warehouse transactions. Group services include trustee, security trustee, trust management and back-up servicing.
Longreach Credit Investors is a private credit investment manager and non-bank lender specialising in Australian, senior-secured, corporate loans. The AMAL group were heavily involved in the setup of the fund and lending program across a wide range of services including loan servicing and trustee services. AMAL also assisted Longreach with the integration of their fund administration service provider.
For further information, contact: