EG Funds Management is a specialist alternative asset funds manager. The principals combine extensive property, mining, investment banking, construction, infrastructure and political experience and expertise.
The principals initially met in 1996 through their association with transport infrastructure investments at Macquarie Bank. Mr Easson was then a founder independent director of the Manager of the Macquarie Infrastructure Group, one of the world’s largest investors in tollroads. He joined that board in 1996. The MD of EG Funds Management, Adam Geha, was an investment banker employed at that time with the Deputy MD of Macquarie Bank and in developing the international strategy for the tollroad fund, including as a leading member of the due diligence team in the acquisition of the Birmingham tollroad in the United Kingdom.
The EG brand began its life as an advisory practise, known as ‘EG Property Group’, founded in 2000. Its focus was on assisting clients in land use applications through a combination of urban planning and project management experience, together with land valuation and advocacy skills. These core competencies proved to be a solid basis for a property advisory business.
The Property Advisory division of EG Property Group operates a highly successful practice, advising clients such as McDonalds, ING Property Group, Multiplex, Macquarie Goodman Industrial Property Trust and the ICA Property Trust on how best to achieve “highest and best use” of their respective property portfolios.
With a 70% success rate in rezoning properties, the principals decided in June 2001 to found EG Funds Management in order to capitalise on property investment opportunities arising from land use changes & urban renewal. The funds management division has a proven track record in successfully identifying and acquiring real estate assets likely to be favourably impacted by the completion of new transport and community infrastructure.
An affiliate of EG launched the first fund, the Epping Rail Link (ERL) Residential Property Trust, achieving financial close in May 2002 and attracting mainly high net worth individual investors. The majority of the 45 individual investors in the ERL Fund came from the investment banking community, many of whom were infrastructure finance specialists who had a clear appreciation of the impacts of infrastructure on surrounding property. Such Investors readily understood EG Property's proposal to "follow the infrastructure", to source property in the "infrastructure corridor", and to consolidate and rezone opportunities along (and connecting to) the new Epping to Chatswood rail line in Sydney, which has recently been completed.
The funds management division currently manages five (5) property funds in Australia, with total committed funding in excess of $750 million. The fund is actively seeking properties for the fifth property fund: the Yield+Infrastructure Property Fund. The Fund is focused on acquiring property assets with rezoning, refurbishment, repositioning or redevelopment potential. Typically, near infrastructure projects (e.g. rail). The manager has funding to acquire $500 million in real estate assets over the next 2 years.
The company has offices in Melbourne, Sydney and Perth, and is active across all states of Australia.
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