Real estate investment manager Qualitas is seeking to raise A$335m (€212m) in an initial public offering (IPO) on the Australian Securities Exchange.

When listed next month, the Melbourne-based firm will have a market capitalisation of A$735m.

Founded 13 years ago, the Qualitas platform currently consists of 13 active funds, comprising five specialist commercial real estate credit funds and eight specialist real estate private equity funds.

Together with other investors and non-fund mandates, Qualitas has a total of A$4.22bn in funds under management.

Qualitas co-founder and group managing director, Andrew Schwartz, said: “The IPO provides an opportunity for investors to partner with us in the operating vehicle to enjoy the future growth of a company.

“In many ways, we are still at the start of our journey, and we are presenting this opportunity at a time of strong underlying momentum in business across all our strategies.”

Proceeds from the IPO will be used primarily to fund co-investments to grow funds under management and to provide balance sheet capacity to underwrite, bridge and warehouse time-sensitive investment opportunities for Qualitas funds.

To read the digital edition of the latest IPE Real Assets magazine click here.