Key Stakeholders

OAFIT Manager

• Oceana Management Pty Ltd (Oceana) is the Manager of the Oceana Australian Fixed Income Trust (OAFIT). Oceana is an Authorised Representative under AFSL number 533233 and is regulated by the Australian Securities & Investments Commission.
• In 2016 the Principal of Oceana, Mr Lewis, was the founder of OAFIT, a securitisation program of non-bank and private debt asset backed securities (ABS). OAFIT has subsequently grown into one of the largest ABS programs in Australia with $2.1bn FUM, widely held by HNWIs, family offices, and institutions. OAFIT has consistently provided market leading risk adjusted returns.
• In addition to the management of OAFIT’s assets in the form of Notes in the underlying trusts FIRST & FAT, Oceana oversees the distribution of OAFIT and represents investors on the investment and credit committees of FIRST & FAT.
• Oceana has successfully raised $5.8bn of Notes in OAFIT and Mr Lewis remains CEO of Oceana.
• Oceana continues to build its funds management business with Oceana Property Partners (OPP), a property investment product offering value-add commercial property syndications. OPP has completed 5 transactions to date with a book value of $1bn. OPP has raised $129m of equity since inception.
• Oceana’s affiliate company, Oceana Licensee Pty Ltd, obtained its AFSL number 533233, demonstrating the continued growth and evolution of the Oceana Funds business.
• Prior to OAFIT’s establishment, Oceana's Management team generated superior risk-adjusted returns in their portfolio across a number of investments in the consumer, technology and real estate sectors. This includes private to public market exits, funds management, high yield loans, debt acquisition, management buyouts, and trade sales across Asia, Europe, and the United States.

OAFIT Originator

• FCFM is an Australian Financial Services Licensed (AFSL Number​ 431245) manager of fixed interest and other structured credit assets​.
• FCFM is part of FC Capital which is one of Australia’s largest​ alternative asset managers headquartered in Sydney, Australia​.
• FCFM is an established investment manager with a large wholesale investor base spanning HNW, Family Offices, Wealth Managers, and Institutions​.
• FCFM currently manages >A$1.9bn of funds with underlying assets​ comprising debtor and trade finance, SME lending, corporate lending, property and infrastructure.
• ​Proven track record of providing customised secured lending solutions for small to medium enterprises in Australia. In-house expertise in asset and cash flow finance​.
• Corporate Finance capabilities encompassing due diligence, structuring, valuation, financial analysis, and modelling​.
• Executive management team with over 200 years' experience and​ directors with significant experience in relevant areas of credit, sales and marketing, funds management and financial technology.

OAFIT Originator

• Finstro is a FinTech company that provides innovative B2B trade payment and cashflow solutions.
• Established in 2014, Finstro offers a range of credit and payment solutions designed to help businesses manage their cashflow, increase sales, and reduce risk.
• Finstro's services include flexible business lines of credit, trade payments, and capital financing, all accessible through their digital platforms, including a mobile app and web portal.
• Finstro's solutions are tailored to support the unique needs of small and medium-sized businesses, enabling them to thrive in the competitive market.

Independent Back-up Servicer

• IQ-EQ was appointed as an independent Back-up Servicer for Oceana Management Pty Ltd effective 2^nd April 2024 and Back-up Manager effective 10^th October 2024.
• As part of our continuing efforts to improve and institutionalise our offering to investors, we have completed the appointed of IQ-EQ as a back-up servicer for FIRST and FAT and back-up manager for Oceana Management at the OAFIT level.
• Established in 1994, IQ-EQ is the region’s leading third-party receivables servicer with over $30bn of funds under administration and supervision in Australia and New Zealand.
• IQ-EQ allows originators and lenders to plug in to a ready-made servicing and trustee infrastructure including industry-leading technology and support, a highly experienced operational team and a rigorous governance, risk and compliance program.
• Clients range from the smallest start-up to some of the region’s and the world’s largest financial institutions.

Trustee, Security Trustee, and Registry Service Agent​*

• The Bank of New York Mellon (BNY) is one of the world’s largest global custodian banks with US$62.6trn in assets under custody and / or administration, touching approximately 20% of the world’s investable assets.​
• BNY Australia is one of the largest and most respected fiduciary businesses in the country. Since establishing a physical presence in Australia in 1975, BNY has been bolstered by a solid capital base and strong credit ratings.
• BNY is recognised throughout the financial services sector globally and OAFIT is proud to be associated with them across its structure.​
• BNY acts for OAFIT across its structure and facilitates an institutional grade service offering for all investors. OAFIT has enhanced its governance and independence by its Trustee engagement with BNY.
• BNY’s role as Security Trustee ensures all OAFIT’s assets are held directly for the benefit of Secured Noteholders and provides independence and security across the capital​ structure of the fund.
• BNY’s experience in securitisation is recognised by the Australian Government who engaged BNY for the same roles they hold for OAFIT for their Forbearance​ Special Purpose Vehicle (FSPV). The FSPV is part of the Australian Government’s Structured Finance Support Fund, announced in March 2020.

‍

*BNY is the Registry Service Agent of listed OAFIT Notes only.

OAFIT Auditor

• Deloitte is one of the "Big Four" accounting firms, renowned for its comprehensive audit and assurance services.
• Deloitte is a team of around 12,000 people in Australia.
• As an auditor, Deloitte provides independent and objective evaluations of financial statements, ensuring accuracy and compliance with regulatory standards.
• Deloitte's audit services leverage advanced technologies, such as Deloitte Omnia, to deliver high-quality, insightful audits that go beyond traditional expectations.
• Deloitte's approach combines deep industry knowledge, innovative methodologies, and a commitment to integrity and transparency, helping clients navigate complex financial landscapes and build trust with stakeholders.