Tag: Barwon Investment Partners

Healthcare property’s entry point is closing. Barwon’s Tom Patrick says the next 18 months are the ones that matter

Barwon’s Joss Engebretsen says specialist disability accommodation has been mis-sold, misread and too quickly dismissed, despite offering high yields, CPI-linked income and real social impact.

In modern healthcare property, ownership is only the starting point. Performance now hinges on active management, tenant ecosystems and execution discipline.

After several years of yield compression and market disruption, ‘core’ commercial property is entering a new growth phase. Manager Barwon Investment Partners says the cycle has turned, and with it, the opportunity set for patient capital.

Non-bank lenders increasingly play a crucial stabilising role in Australia’s capital markets, earning a premium for providing liquidity without assuming undue risk.

Specialist healthcare property benefits from the differentiated investment exposure and lower correlation with other property sectors. Within this, balancing metropolitan and regional exposures can augment returns.

Over the past decade, the landscape of commercial real estate lending in Australia has undergone a structural transformation. But not all of the commonly believed truisms that result hold water, argues Barwon Investment Partners’ Jonathan Pullin.

Specialist disability accommodation (SDA) is changing the standard of living for people with disability; and the investment market is helping to fund it. It’s a great example of a win-win collaboration.

The philanthropic landscape in Australia is on the cusp of significant change, with the Productivity Commission’s proposed reforms to Private and Public Ancillary Funds (PAFs), soon to be rebranded as ‘Giving Funds.’ There could be unintended consequences, particularly in the potential effect on impact investing, writes Barwon Investment Partners’ Joss Engebretsen.

While it’s broadly considered an alternative asset class, there are still traditional and non-traditional subsectors to real estate. Both have their idiosyncratic features, and both are becoming increasingly attractive to investors across the entire spectrum.

A feeder fund for one of Barwon Investment Partners’ founding strategies has been rewarded for its robust return, securing a top rating from a second major research house.

An enduring structural feature of Barwon’s PE fund is that it doesn’t invest in the companies that require capital, it invests in the companies that provide it. For advisers, that means exposure to the fabled PE illiquidity premium, but with access to daily redemptions.  

Real estate credit funds have firmed as an attractive source of alternative returns in the past few years. What matters, however, and what doesn’t, for these non-bank private credit lenders, has largely been left unexplored by investors.   

The four pillars of private equity investment all bring unique characteristics to the table.