Key Takeaways
- • MA Financial's assets under management grew 18 per cent to $15.7 billion in the three months to 30 September 2026, according to its quarterly update reported by InvestorDaily.
- • The firm temporarily suspended all applications and redemptions for its MA Secured Loan Series real estate credit fund, after restricting redemptions to 1 per cent of fund AUM in August.
- • Gross fund inflows reached $710 million, driven by private credit funds focused on asset-backed and direct corporate lending, while outflows in the private credit segment remained elevated.
- • The firm's loan book stood at $8.9 billion as of 30 September, up 123 per cent over the last 12 months, and managed loans rose 19 per cent to $197 million.
- • Management expects corporate advisory fees of an additional $32 million in 2026 and said real estate and hospitality transactions exceeded $1 billion in the quarter.
Summary
Alternative asset manager MA Financial reported that its assets under management grew 18 per cent to $15.7 billion in the three months to 30 September 2026, with Q3 AUM approaching $16 billion. The firm, which operates in property lending and private credit, also recorded a 19 per cent increase in managed loans to $197 million. Net fund flows into asset management funds were described as "resilient", supported by gross fund inflows of $710 million driven by private credit funds focused on asset-backed and direct corporate lending.
The quarter was not without strain. Outflows in the firm's private credit funds "remained elevated", as headwinds from the residential housing construction and development market weighed on investor sentiment. MA Financial restricted redemptions to 1 per cent of fund AUM in August from its MA Secured Loan Series real estate credit fund, and has since moved to temporarily suspend all applications and redemptions for that fund. The firm said the step was a prudent measure to support orderly management amid less certain repayment timings from some borrowers, and that income distributions to investors will continue to be paid monthly.
Joint-CEO Chris Wyke said the majority of the business was performing strongly, but that the real estate private credit operations had proved challenging given conditions in residential construction. The firm argued that its asset-backed private credit, operating real estate such as pubs and marinas, and core real estate segments performed well. Transactional activity in real estate and hospitality assets exceeded $1 billion in the quarter, and MA Financial said this would benefit earnings per share in the second half of the financial year. Its loan book of $8.9 billion as of 30 September was up 123 per cent over the last 12 months, which the firm said provides earnings tailwinds into FY27. Corporate advisory transactions in the second half of 2026 to date are expected to deliver an additional $32 million in fees in 2026.
Transactions announced during the quarter included MA Financial acting as financial adviser to Brookfield on its sale of C3 Group, and to Tuhu Car on its acquisition of mycar. The results follow a record first-half 2026 performance, in which underlying net profit after tax rose 59 per cent to $35.9 million. MAF shares rose 2 per cent on the day of the quarterly update, according to the report.
The quarter was not without strain. Outflows in the firm's private credit funds "remained elevated", as headwinds from the residential housing construction and development market weighed on investor sentiment. MA Financial restricted redemptions to 1 per cent of fund AUM in August from its MA Secured Loan Series real estate credit fund, and has since moved to temporarily suspend all applications and redemptions for that fund. The firm said the step was a prudent measure to support orderly management amid less certain repayment timings from some borrowers, and that income distributions to investors will continue to be paid monthly.
Joint-CEO Chris Wyke said the majority of the business was performing strongly, but that the real estate private credit operations had proved challenging given conditions in residential construction. The firm argued that its asset-backed private credit, operating real estate such as pubs and marinas, and core real estate segments performed well. Transactional activity in real estate and hospitality assets exceeded $1 billion in the quarter, and MA Financial said this would benefit earnings per share in the second half of the financial year. Its loan book of $8.9 billion as of 30 September was up 123 per cent over the last 12 months, which the firm said provides earnings tailwinds into FY27. Corporate advisory transactions in the second half of 2026 to date are expected to deliver an additional $32 million in fees in 2026.
Transactions announced during the quarter included MA Financial acting as financial adviser to Brookfield on its sale of C3 Group, and to Tuhu Car on its acquisition of mycar. The results follow a record first-half 2026 performance, in which underlying net profit after tax rose 59 per cent to $35.9 million. MAF shares rose 2 per cent on the day of the quarterly update, according to the report.
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