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Blackstone taps Australia's shadow-lending market with La Trobe stake

Mon, Dec 18, 2017 – 3:57 PM

[SYDNEY] Blackstone Group has snapped up an 80 per cent stake in property financing company La Trobe Financial for an undisclosed amount, in a move that will help the New York-based investment giant expand in Australia’s lucrative mortgage-lending market.

This deal comes as Australia’s push to control a bubble in its red-hot housing market, by reining in bank lending, forces some property developers in the country to look outside the regular ban…
The Business Times

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