PEP backs Inviva with $100m facility
Private equity player Pacific Equity Partners Capital Solutions has invested to back reverse mortgage lender, Inviva.
Inviva announced that PEP had provided it with a $100 million facility with the funding to be used to support the growth of the Inviva business.
Inviva has originated more than $150 million of loans since it was established in July 2023 by Medfin and Experien co-founder, Andre Karney and Kevin Wunsh (former Managing Director of Wingate Corporate Investments and a founding director of Alceon). This followed the acquisition of 2Be, an equity release lender established by former Westpac CEO Brian Hartzer and former ANZ in New Zealand CEO Jenny Fagg.
Karney said the $100 million facility represented a major milestone for the business which is actively progressing discussions with global investment partners to further expand its funding support.
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