La Trobe Financial
About La Trobe Financial
La Trobe Financial is Australia’s leading credit specialist, providing funding and investment solutions since 1952. La Trobe Financial has A$13 billion in assets under management and has funded 205,000 customers across A$70 billion in wholesale and retail mandates.
La Trobe Financial is committed to assisting under-served borrowers and investors, and is a trusted steward of capital for many of the world’s largest credit investors.
La Trobe Financial specialises in the origination and management of granular portfolios of residential and commercial mortgages.
Ownership and capital structure
La Trobe Financial is 80% owned by the US$684 billion Blackstone Group and 20% owned by senior management. The business is overseen and governed by a highly experienced independent board of directors and maintains a strong capital.
Asset performance
La Trobe Financial targets complex prime mortgage assets that display a better-than-average loss experience versus peers. This is a function of conservative underwriting and LVR maxima of 80%.
Funding strategy
La Trobe Financial has one of the most diversified funding programmes in its segment. This comprises:
• A$3.7 billion of term-debt mandates and facilities from local and international banks and finance houses.
• A$6.3 billion retail credit fund featuring seven investment accounts and incorporating Australia’s largest peer-to-peer investment offering.
• Approximately A$5.7 billion of complementary publicly rated RMBS transactions.
| SIZE OF LOAN BOOK | A$13BN |
| MAKEUP OF LOAN BOOK |
SUPER PRIME MORTGAGES: 14.8% |
| GEOGRAPHIC DISTRIBUTION OF LOAN BOOK | AUSTRALIA: 100% |
| OUTSTANDING DEBT ISSUANCE |
RMBS: A$5.7BN |
The business is experiencing strong growth in each segment and expects this to continue. La Trobe Financial has a deep commitment to RMBS markets and will continue to be a regular issuer.
Business performance
La Trobe Financial continues to experience growing demand for its offerings from borrowers and investors. The consistency of portfolio performance through the COVID-19 period in 2020-21 has confirmed the underlying robustness of its underwriting and asset-selection process.
FOR FURTHER INFORMATION PLEASE CONTACT:
Martin Barry
Chief Financial Officer
La Trobe Financial, Level 25, Chifley Tower, Sydney
+61 2 8046 1502
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Richard Parry
Deputy Treasurer
La Trobe Financial, Level 25, 333 Collins Street, Melbourne
+61 3 8610 2847
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Paul Brown
Head of Group Portfolio
La Trobe Financial, Level 25, 333 Collins Street, Melbourne
+61 3 8610 2397
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www.latrobefinancial.com.au
Sponsored by
nonbank Yearbook 2023
KangaNews's eighth annual guide to the business and funding trends in Australia's nonbank financial-institution sector.
