Qualitas Limited, a Australian alternative real estate investment manager, has secured its first commitment from a North American-based global institutional investor, with A$550 million ($366 million) to be invested in commercial real estate private credit across construction loans, predevelopment land loans and investment loans.
The new mandate brings Qualitas’ total funds under management (FUM, represents committed capital from investors with signed investor agreements to A$8.6 billion ($5.7 billion) representing 42 percent FUM growth from June 30, 2023. A significant proportion of Qualitas’ FUM 81 percent is invested in private credit and 83 percent is invested on behalf of institutional investors.
Qualitas will co-invest up to A$25 million ($17 million) over the life of the mandate.
“The Australian commercial real estate private credit sector continues to attract allocations from global institutional investors and pleasingly Qualitas has achieved anoth
