Macquarie Real Estate Partners (MREP), managed by Macquarie Asset Management's Real Estate division, has announced an investment in IDA, a specialist Australian real estate private credit and investment manager. This investment aims to bolster IDA's growth in providing real estate private credit and investment management services.
IDA will continue to focus on delivering risk-adjusted returns through its Private Credit, High Yield, and Land Syndication & Community Creation strategies. The company addresses the demand for Australian real estate development financing amid a housing undersupply and reduced traditional bank financing.
The founding partners of IDA—Adam Kaye, Robbie Fallon, and Jeremy Urbach—will maintain majority ownership and oversee daily operations. MREP is part of Macquarie Asset Management’s opportunistic fund series that targets sectors with strong macroeconomic drivers.
James Kemp, Head of Real Estate Asia Pacific at Macquarie Asset Management, stated: “MAM RE has extensive experience investing in specialist operators, like IDA. We focus on sectors that are supported by structural tailwinds and then find the best business or team in that sector to partner with."
Kemp further added: "We believe IDA is well positioned to grow its platform and capitalise on the increasing demand for flexible development financing solutions while offering compelling investment opportunities for its clients."
Founded in 2010, IDA specializes in mid-market real estate private credit solutions and has been involved in over A$5 billion worth of projects across more than 100 investments. Adam Kaye remarked: “This strategic investment by MREP validates the quality and strength of our platform.”
Kaye also noted: “MREP’s investment in IDA is testament to the quality of our organisation and our people.”
IDA continues to operate under the leadership of its founding partners while maintaining a proprietary approach alongside their investors.
It should be noted that none of the entities mentioned are authorized deposit-taking institutions under Australia's Banking Act 1959. The obligations do not represent deposits or liabilities of Macquarie Bank Limited or any assurance from it.