About

Oceana Funds

Oceana is a fully integrated funds management platform offering funding and partnership opportunities across a range of private asset classes.

We follow a set of principles, which is reflected in our product offerings, fundraising strategies, risk management approach, and disciplined underwriting standards. Oceana is a leading Australian alternative investment management firm with expertise in private credit and specialty property equity strategies.
We deliver superior risk-adjusted returns through diligent and robust structures that abide by six core principles. Since inception, Oceana has placed over $3.5 billion of financial products with high net worth and institutional investors.

Our History

Since 2012, Oceana has successfully provided unique investment offerings to wholesale and sophisticated investors in Australia, Asia, North America, and Western Europe.

2024

  • 21% overall Note growth in OAFIT throughout the year.
  • 9 out of top 10 investors extended maturities and / or increased allocations throughout the year.
  • 9th year of audited track record.
  • AMAL appointed Back Up Servicer & Back Up Manager to OAFIT.
  • Expanded government-backed funding programs.
  • Strengthened underwriting & risk management protocols.
  • First regulated bank investor completes successful due diligence process.
  • OAFIT’s inaugural internship program leads to permanent hires.
  • A Note advance rate decreased from 79% to 73% throughout the year.
  • 30% growth in B & C Series over the course of the year.
  • Expansion of charitable endeavours via new sponsorships for young surfer, Leo Sennet, and Ronald McDonald House.

2023

  • We had our record capital raising year to December 2023 successfully overseeing > $1 billion of funds under management. FUM continues to grow strongly.
  • OAFIT Institutional Investor Reporting Portal launches.
  • Completed inaugural Field Exam / Cash Testing diligence exercise.
  • Inaugural Research Rating by SQM, OAFIT awarded four stars and a “Superior” Rating.
  • Eighth year of audited track record.
  • Created a unitised feeder fund product with independent fiduciary to facilitate OAFIT participation by Australian Wealth Manager market.
  • Innovation of our reporting protocols with the first ever Master Data Tape (“MDT”) consolidating reporting across 5 technology platforms via API and machine learning protocols.
  • ESG Focus - Oceana sponsors the Oceana Funds North Bondi Swim Classic in February and a Family Unit at Ronald Macdonald House in Randwick, Sydney
  • We have appointed a new Head of Data Analytics to further develop and improve our data analysis and reporting capabilities.

2022

  • OAFIT, 7th year of audited track record
  • Oceana Licensee receives its Australian Financial Services License (533233) and Oceana Management is appointed Manager of OAFIT.
  • OPP launches its own website and gains market presence and footprint.
  • OAFIT reprofiles Payment Waterfall confirming alignment with subordinated Noteholders.
  • OAFIT concludes US capital raising with institutional investment across its capital structure, A - C Series and sustained institutional interest. OAFIT FUM surpasses $700m.
  • OPP concludes its largest equity raise to date, and acquires Sydney mixed-use asset, 15 Orion Road,Lane Cove West NSW. A landmark transaction for OPP.
  • Oceana Funds opens a London office to expand into the UK non-bank lending market.

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2021

  • OAFIT, 6th year of audited track record.
  • Oceana Property Partners ("OPP") officially launched.
  • Exchange and settlement of founder OPP assets, fully subscribed industrial and commercial property syndications.
  • OAFIT achieves $1.5bn of Note issuance since inception, $800m returned to investors over the same period.
  • OAFIT restructures appointing independent Trustee & Security Trustee, the Bank of New York Mellon.
  • OAFIT onboards some of the world's largest credit funds and asset managers into its capital table.
  • Oceana Funds launches new website, investor communications, and independent due diligence protocols.

2020

  • Oceana Funds is conceived following the sustained success of OAFIT, Oceana expands its funds management business to explore related sectors and funds with defined partnerships and structuring opportunities.
  • OAFIT grows to $600m FUM with an institutional investor base bias.
  • Return of independent due diligence program with leading accounting and advisory firm, regular reports continue today.
  • Oceana Property Partners (OPP) concept formalised.
  • Reprofile of institutional investor base into North America and 5th year of OAFIT audited track record $500m of FUM.

2019

  • OAFIT onboards significant US institutional investor, an endowment fund, providing the catalyst for OAFIT's strategy to diversify the institutional investor base with a North American focus.
  • OAFIT's sustained growth delivers $450m of FUM and its 4th year of audited track record.
  • OAFIT and its affiliated borrowers support >100 FTE and provide investors access to award-winning proprietary financial technology, architecture & systems, credit enhancement, and market leading risk adjusted returns.

2018

  • Finstro Holdings was established and legally separated from FC Capital but co-located to ensure synergies and cross pollination. Finstro is a leading financial technology enabled lender with the systems and architecture to support scalable receivables management.
  • Sustained institutional investor interest facilitates growth of OAFIT and underlying asset base, $350m FUM milestone achieved.

2017

  • OAFIT onboards its first institutional investor and creates a listed Note program issued on Austraclear, Euroclear, and Clearstream with ISINs and Common Codes.
  • Institutional investor interest focused in Southeast Asia and Korea. OAFIT creates its zero-coupon bond program resulting in $230m of FUM by calendar year end.
  • First independent due diligence report mandated by North American banking investor

2016

  • 2016 formally partnered with the then FC Capital business to launch the Oceana Australian Fixed Income Trust (OAFIT), a unique private debt ABS securitisation program utilising credit enhancement strategies
  • Oceana’s principals join Board of Directors of FC Capital & Finstro Holdings, and Credit and Investment committees.
  • OAFIT ends its inaugural year with $70m of FUM.

2012

  • Founded in 2012, Oceana provided private credit and structured equity investment opportunities to family offices in the UK and Australia.
  • Generated superior returns in the consumer, technology, and real estate sectors. Transactions include private to public market exits, funds management, high-yield loans, debt acquisition, management buyouts, and trade sales across Asia, Europe, and the United States.

Oceana’s investment philosophy consists of six enduring principles

Alignment

We put our money where our mouth is by investing in our own strategies, taking a first-loss position ahead of investor’s capital where possible.

Pragmatic

We like to see money back in our investor’s pockets, which is why our preference is for regular cash returns over paper gains.

Partnership

We celebrate collaboration and only work with market-leading service providers, investors and sponsors.

Underwriting

We apply rigorous underwriting standards and an obsessive focus on risk management and downside protection.

Best of breed

Superior risk adjusted returns in any fund or strategy we put our name to.

People

We nurture talent from all sectors and invest in our people.

Core Business Tenets

Oceana retains enduring principles across our business and strategies, but we also rely on core business tenets – nothing complicated just resounding experiences from running our business for the last decade.

Never sit still

  • Short duration assets come with short duration investments; we must continually prove ourselves to existing and incoming investors.
  • Financial and underwriting technology continues to evolve, our sustained improvement approach is reflected across our originators and platforms.
  • We aim to continually innovate all aspects of our business, never forgetting our overall strategic objective of sustaining superior risk adjusted returns for all Noteholders.

Listen to your investors

  • We are privileged to have some of the largest asset managers, credit funds, insurance companies, and endowments as part of our cap table – we learn from them all the time. We improve because of their requirements and innovate accordingly.
  • We retain constant and ongoing contact with our investor base, as we never (nor claim to), know it all. Our infrastructure ensures we have the capability to adapt, integrate, and continuously improve.
  • Listen to your investors. Our reporting protocols are singularly the result of our investors’ requirements; without our systems, architecture, and infrastructure, this would have been an impossible ask.

Act globally

  • As an Australian domiciled fund, we pay close attention to the micro but never ignore the macro. We live in a global economy, and connectivity has never been closer. Our geography may lengthen our lead time, but economic trends will arrive on our shores too.
  • Recognising trends in other markets, allows to react ahead of time to ensure we are avoiding saturated deployment conditions, and pricing our assets accordingly with floating rates where applicable. This was unheard of until 2022.

Originator selection & partnership

  • We retain an ongoing presence, oversight, and adherence to our principals across our originators, FC Capital & Finstro Holdings. Understanding the granularity of our underlying asset portfolio and the helix of every cell of DNA in these businesses as they apply to OAFIT.
  • Best of Breed only means something if it covers every aspect of our business, and to this end – our ongoing and high touch approach to our originators via IC and Board representation in addition to continuous transaction & operational oversight has served us well.

Capabilities

Differentiated approach and origination platform

  • Offices and representation in Sydney, London, New York*, Dallas* and Los Angeles.*
  • Deep industry relationships with originators, award-winning technology infrastructure, institutional investor and distribution partners in APAC and North America.
  • Partnership with market leading originators, sponsors, and service providers at the core of all strategies.
  • Strong track record and reputation for product and superior risk adjusted returns.

* US offices via referral partners

Disciplined underwriting standards

  • Underwriting and risk management at the forefront of any product or investment opportunity.
  • 20-year track record in investment management.
  • 9-year audited track record in private credit and best of breed risk adjusted returns.
  • Relevant industry experience, structuring, and credit enhancement, key value drives for partnerships.

Diversified private credit and investment platform

  • OAFIT offers investors access to the full range of private credit in one securitised product.
  • OPP provides property equity participation with debt characteristics of yield and underwriting focus.
  • Further investment opportunities coming soon.
Supporting
North Bondi Surf Club logoRonald McDonald House Charities logo
Address
Oceana Funds
Level 5, 1 York Street
Sydney, NSW 2000 Australia
Contact
+61 2 8366 2679info@oceanafunds.com
Connect with us
PRI logoSQM 4.5 star rating
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