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EG forms private debt JV with Msquared Capital
EG has formed a joint venture with Msquared Capital to offer investors the opportunity to diversify into the private debt market to service capital products for quality residential real estate and industrial sites across the eastern seaboard of Australia.
The new venture will initially engage wholesale investors and family offices, with private debt secured by quality real estate. A significant component of the joint venture is EG’s proprietary platform PRISMS, which will assist the team in applying an equity and debt lens on each prospective loan. The platform’s unique data, collected for more than 20 years, also will ensure that risks and credit quality are thoroughly assessed to safeguard investor funds.
The debt market has historically been tightly held by major banks, but it is increasingly becoming prevalent for borrowers to access credit through nonbank lenders due to the traditional lenders placing strict criteria on capital products. These restrictions hav