Causeway PM teams up with Hancock and Gore

Australian private debt fund manager, Causeway PM, has announced that it will expand its growth strategy to manage a larger pool of investor funds by forming a joint venture with ASX-listed investment company, Hancock and Gore, which specialises in investments in small to medium sized businesses.

Under the terms of the deal, the firms have launched the H&G Causeway Dynamic Credit Fund to Australian investors. the fund which will be actively managed and will aim to provide a more efficient mechanism for borrower’s targeting expansion opportunities or navigating illiquid capital markets due to size, industry, cashflow profile or asset light nature.

The new fund will also engage in direct lending as well as the purchase of existing loans and loan portfolios that may require restructuring expertise.

According to Causeway founder and director, Mike Davis, it was the optimal timing for the launch as investors were looking for increased exposure to the broadening private debt asset class with experienced managers.

“This JV is the first of a number in the pipeline for Causeway. As part of our growth strategy, we will continue to build new fund partnerships with suitable partners,” he added.

Causeway is a long-established player in the private debt arena, with a particular focus on direct lending to middle market corporates. It has managed over $1.6 billion of loans since its inception and is led by a well credentialled and highly experienced senior management team (average 30+ years) with strong Capital Markets, credit, analytical and loan structuring skills, coupled with extensive recovery, restructuring and workout experience.

Causeway has accumulated approximately $600 million in Funds under Management (FUM) and Advice (FUA) since 2018 by servicing a small, select group of private, wholesale and institutional investors.

Causeway investors include Superfunds, Foundations, Family Offices, Wealth Managers, Platforms and HNWs.