MEDIA RELEASE: Qualitas grows capital team with two senior appointments
19 July 2023
Leading Australian alternative real estate investment manager Qualitas Limited (ASX: QAL) has announced two new senior hires to its capital team to support its rapid growth.
David Porter has joined the team as Head of Institutional Capital, and Tom Keenan as Head of International Wholesale Capital.
David Porter, formerly of BlackRock Australia, brings over 25 years of experience and will assist Qualitas build new and existing relationships with institutional clients across Australia and globally, with a focus on Europe and Asia-Pacific.
Tom Keenan joins Qualitas from MLC Asset Management with over 20 years of experience in asset management and sales. Tom will be responsible for capital raising in the private bank and multi-manager channel offshore and will oversee the commercial development of the Qualitas client base.
Dean Winterton, Global Head of Capital, Qualitas, said “Qualitas’ institutional business has gone from strength to strength; the proportion of Qualitas’ total committed FUM managed on behalf of local and international institutional investors increased to 76% during 1H23, up from 69% of FUM in 1H22, which includes several large mandates; the proportion of sovereign wealth funds within the Qualitas institutional investor base increased to 62% during 1H23, compared to 43% in 1H22, suggesting strong confidence in Qualitas’ investment strategies.
Dean Winterton said: “We expect institutional investors to increase allocations toward commercial real estate private credit. Qualitas welcomes David and Tom to the team; they are highly regarded in the industry and will be vital to our continued growth and development.”
David Porter said: “This is a unique opportunity within the commercial real estate space, and I look forward to working as part of the Qualitas team to guide investment outcomes for our clients.”
Tom Keenan said: “I am pleased to be joining Qualitas at what is an exciting time of growth and opportunity with Australia’s alternative real estate finance market at its burgeoning stage.”
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Media Enquiries
Kate Stokes
Head of Marketing and Communications
M: +61 481 251 552
E: kate.stokes@qualitas.com.au
About Qualitas
Qualitas Limited (Qualitas) is an ASX-listed Australian alternative real estate investment manager with approximately A$6.0 billion1 of committed funds under management.
Qualitas matches global capital with access to attractive risk adjusted investments in real estate private credit and real estate private equity through a range of investment solutions for institutional and retail clients. Qualitas offers flexible capital solutions for its partners, and creating long-term value for shareholders, and the communities in which it operates.
For 15 years Qualitas has been investing through market cycles to finance assets with a combined value of over A$19 billion1 across all real estate sectors. Qualitas focuses on real estate private credit, opportunistic real estate private equity, income producing commercial real estate and build-to-rent residential. The broad platform, complementary debt and equity investing skillset, deep industry knowledge, long-term partnerships, and diverse and inclusive team of more than 80 professionals provides a unique offering in the market to accelerate business growth and drive performance for shareholders. www.qualitas.com.au
Notes
1. Based on FUM as at 31 March 2023 and adjusted for the active component of the new credit mandate announced 8 May 2023.
2. As of 31 December 2022.
Disclaimer
This announcement contains general information only and does not take into account your investment objectives, financial situation or needs. Qualitas is not licensed to provide financial product advice in relation to Qualitas shares or any other financial products. This announcement does not constitute financial, tax or legal advice, nor is it an offer, invitation or recommendation to apply for or acquire a share in Qualitas or any other financial product. Before making an investment decision, readers should consider whether Qualitas is appropriate given your objectives, financial situation and needs. If you require advice that takes into account your personal circumstances, you should consult a licensed or authorised financial adviser. Past performance is not a reliable indicator of future performance.