Funds Management
City Pacific is the responsible entity for:
- City Pacific First Mortgage Fund
- City Pacific Income Fund
- City Pacific Managed Fund
- City Pacific Private Fund
These funds offer investors regular income from diversified portfolios of registered first mortgages, bank bills and other property related investments.
Since 1998 the City Pacific First Mortgage Fund has grown to approximately $900 million in funds under management. The funds are currently only open to investment by wholesale or sophisticated investors.
Although there is no requirement for an independent Custodian of the funds managed by City Pacific, the City Pacific Board has elected to retain the Public Trustee of Queensland as custodian for the City Pacific First Mortgage Fund and the City Pacific Income Fund.
The Treasury Group, a subsidiary of City Pacific, is a commercial mortgage asset manager, offering structured financing and property syndication expertise. The Group holds approximately $620 million worth of commercial mortgage assets under management across over 300 commercial properties.
Institutional funding lines are in place in conjunction with some of the largest domestic banking institutions which provide City Pacific potential to capture a much larger share of the mortgage market.
