Hillhouse Capital Partners has acquired a majority interest in Barwon Investment Partners, an Australian specialist investor in healthcare real estate, real estate credit and private markets.
The Singapore-based asset manager is making the investment through its real assets arm, Rava Partners.
Established two decades ago, Sydney-based Barwon manages A$3bn (€1.8bn) in assets and intends to expand its capacity to originate, invest and scale across existing strategies.
Barwon is Hillhouse’s second significant investment in Australia in less than a year. In a deal valued at more than AS$600m late last year, Hillhouse acquired the majority stake in Australia’s largest student housing operator, Unilodge.
Joseph Gagnon, Hillhouse partner and co-head of Rava Partners said: “This investment reflects Hillhouse’s global strategy of partnering with leading management teams to build and scale real asset platforms in markets where we see long-term opportunity.
“Australia is an important market within our Asia-Pacific portfolio, and Barwon provides a compelling opportunity to expand our footprint. We are focused on supporting the business to grow,” said Gagnon.
Harsh Narang, Rava Partners’ managing director, said: “Barwon is a high-quality business with strong momentum and a clear growth trajectory.
“We see meaningful opportunities to support the team in delivering further on existing strategies and helping them to become a market leading manager in their chosen real estate sectors.”
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