The Investment and Facility Manager for the First Mortgage Funds is PrivateInvest First Management Pty Limited. This company has a highly skilled Board and strong technical Management Team. PrivateInvest First Management is responsible for the identification of new Loans with borrowers, Loan due diligence, Credit submission to both the Loan Underwriter and the Independent Directors of the Investors Trustee company. All Loans under due diligence obtain independent valuation reports and all other external reports necessary to assess the creditworthiness of a new Loan.
Approval of Loans are subject to the initial approval for submission by the Investment and Facility Manager to the Loan Underwriter and then to Trustee Entity. The Trustee company is PrivateInvest Capital Securities Limited, which also holds the Australian Services License, and Greg Peel, the Independent Chairman Trustee, and Tom Ellen Independent Director Trustee, have final approval on all Loans. This provides another level of governance and independence.
Once the Loan is approved, PrivateInvest First Management manages the formal Loan documentation with the external lawyers until financial close and then manages the Loan for the Investors. This includes receipting the Borrowers interest into the Funds and the provision of regular Investor’s reporting.
PrivateInvest Pty Limited, the parent entity is responsible for all capital raising for the First Mortgage Funds.
Strong governance is very important to PrivateInvest and the group has a robust governance overlay over its Loan approval process, policies, systems, and investor reporting.
Investor’s distributions are managed with a designated finance team headed up by two highly competent managers; Leon Boyatzis and Sarah de Rozario, who have many years’ experience in finance and funds management.
You are welcome to talk directly to our finance team by calling 1300 2 INVEST (1300 2 468 378) or speak with Leon Boyatzis, Head of Funds Management on our governance structure.