The Buxton family and former MaxCap founding partner Michael Fowler have today launched Corsair Investment Management, a specialist real estate funds and investment manager for the Australian commercial, residential and industrial property markets.
Corsair Investment Management combines the Buxton’s deep property heritage with senior finance leadership to provide structured financial solutions supported by a uniquely independent and agile investment approach.
With substantial funds under management and a large capital base, the fund is providing property loans and equity nationally for inner-city townhouses to large-scale commercial, residential and industrial schemes.
“In a complex and conservative lending market, our team’s ability to identify and back strong projects is founded on deep sector experience and a track record of generating shared returns for investors,” Corsair Investment Management Director Stephen Buxton said.
“Our aim is to provide unparalleled levels of industry knowledge and guidance to both property investors and developers. We’ve established a diverse team of experienced leaders from both the property and finance sectors to support borrowers seeking alternative lending options and investors looking to manage risk in a volatile market.”
For over 150 years, the Buxton family has been a pillar of Australian real estate and development, running successful businesses including Buxton Real Estate, Becton, MAB Corporation and Hamton. Corsair builds on this expertise, with the recent appointments of Michael Fowler as Chair, and former Westpac executives Robert Altson as Chief Operating Officer and Chris Moyle as Chief Investment Officer.
The coronavirus pandemic has driven a complex and conservative lending market in Australia, and which Corsair Investment Management Chairman Michael Fowler believes provides a unique opportunity for developers and investors to capitalise on value in the market.
“Guidelines implemented by APRA over the last few years, including increased liquidity restrictions, have accelerated the recognition of non-banks as viable market lenders. The subsequent outbreak of COVID-19 has placed further constraints on traditional lenders,” Fowler said.
“Even in this volatile market, CIM partners with likeminded developers and investors to back valuable projects across Australia. We hope to instil a sense of confidence in our borrowers and investors, placing them in a leading position to further build upon their local portfolio.”
Fowler believes that although there is still a relative shortage in available capital, there is still strong potential across sectors less affected by the pandemic.