PEP backs Inviva with $100m facility | Australian Markets
Non-public equity participant Pacific Fairness Companions Capital Options has invested to back reverse mortgage lender, Inviva.
Inviva introduced that PEP had supplied it with a $100 million facility with the funding for use to help the growth of the Inviva business.
Inviva has originated more than $150 million of loans because it was established in July 2023 by Medfin and Experien co-founder, Andre Karney and Kevin Wunsh (former Managing Director of Wingate Company Investments and a founding director of Alceon). This adopted the acquisition of 2Be, an equity release lender established by former Westpac CEO Brian Hartzer and former ANZ in New Zealand CEO Jenny Fagg.
Karney mentioned the $100 million facility represented a main milestone for the business which is actively progressing discussions with international investment companions to additional develop its funding help.
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