Pallas Capital

Non-banking lenders are gaining a huge momentum, as businesses across diverse verticals are in search of alternative financial solutions beyond the conventional banking. Identifying these notable shifts propelled Goldman Sachs to enter into a strategic collaboration with Pallas Capital , a prominent non-banking lender focused on commercial real estate financing. The Wall Street giant moves to refinance Pallas Funding Trust No. 2 of Pallas Capital's $500 million worth of an asset. It helped reinforce the lender's capacity to support the medium-sized borrowers who encountered challenges in securing funding from major banks. This massive partnership strengthened the foothold of Pallas Capital in the Australian market while projecting the evolving role of the institutional capital to shape the future of non-banking lender. Goldman Sachs Enters the Non-Bank Lending Market Goldman Sachs has offered $280 million to Pallas Capital. It helped the non-bank lenders repay Ares Management C...

A new expansion of footprint was noticed across the evolving space of commercial real estate lending specialists who achieved remarkable milestones in the past year. As the calendar turns its page to the new beginning in 2025, Patrick Keenan, Chair of Pallas Capital, shared the recent impressive highlights of the achievements of the company across commercial real estate lending in 2024 in his letter. Ever since its foundation in 2016, Pallas Capital has staunchly established itself as an outstanding specialist across the vertical of mid-market lending that reached new heights in the past year. In 2024, Pallas Capital had neared a collective transaction value estimated at $6 billion, with over 800 investments and loans reaching its finish line. The firm is now on track to double its share of lending values, offering greater resilience to the business model and expanding its market reach. Irrespective of its increasing activity levels, Pallas Capital has retained its zero-loss track mar...

Pallas Capital , a prominent Australian commercial real estate (CRE) lender, has recently made a strategic move to minimize the loan rates by 0.50% to 0.70% across the whole portfolio. This major rate cut lays a strong groundwork for Pallas Capital, among the most competitive non-banking lenders in the market. The company reinforces its commitment to offer tailor-made financial solutions accurately crafted to meet the requirements of the brokers and their clients. The Market Impact of Pallas Capital's Rate Reduction The considerable rate cut follows the decision of the Reserve Bank of Australia to maintain their interest rates at the current levels offering the ideal backdrop for decisions made by Pallas Capital. Here, it uses its financial resources, offering a competitive loan structure adapting to the recent market trends and demands with staunch institutional funding relationships. The ability of Pallas Capital offers an alluring loan rate that stems out of the constant commitm...

Pallas Capital is excited to announce a major expansion of our Origination team, reinforcing our commitment to providing tailored commercial real estate (CRE) lending solutions across Australia and New Zealand. The team has more than doubled to 14 members, strengthening our ability to serve our growing broker network. Jason Arnold, Group Executive – Origination, emphasized the team’s expertise: “Our specialists bring deep credit knowledge and local support, ensuring brokers receive tailored solutions. The addition of experienced professionals in property finance and commercial banking allows us to enhance our service and deliver outstanding results.” Key hires include David Wang and Bruno Antonio in Melbourne, Davide Bini and Lachlan Davidson in Sydney, and Andrew Priest and Martin Shepherd in Auckland. This expansion aligns with Pallas Capital’s milestone of reaching $2 billion in Funds Under Management, with 79% of loans originating from brokers. As non-bank lenders play an incr...

P allas Capital has recently announced the appointment of Robin Owles the new Chief Risk Officer of the company. It has laid a robust milestone towards the constant commitment to better governance and clarity. This strategic decision brought into light Owles' main leadership role, portraying the focus of Pallas Capital towards strengthening the practices of risk management as the main element while the firm strives towards expanding its footprint across the financial service industry. Owles's inclusion at Pallas Capital is backed by a comprehensive and unique background serving in senior roles in prominent financial institutions, including UBS Investment Bank and Commonwealth Bank of Australia, EY. Her career covered a massive array of expertise, including handling responsibilities related to compliance, operational risk, data risk, cyber, and technology. Her diverse set of skills plays a pivotal part in handling the risk strategies of the company to ensure that Pallas Capital...

The Income & Defensive Assets Symposium of the Inside Network is hosted annually across Sydney and Melbourne. It serves as the core platform for wealth managers to refine their strategies for fostering defensive profiles to attain resilient income streams. This year, the event concentrated on asset repositioning in an evolving income landscape. Also, it highlighted part of those opportunities as setting themselves up for the rise of private credit opportunities that lie ahead of Australia. One of the best presenters was Craig Bannister, Executive Director of Pallas Capital , who explained his market views on commercial real estate (CRE) debt. Growth Of Private Credit And CRE Debt Bannister highlighted Australia's growing private credit sector during his fireside chat. While it is a long way behind the more mature markets of the USA and Europe, private credit in Australia has been picking up steam due to an increased appetite for non-traditional investments. CRE debt is evolving...