Lumenate SDA Investment Trust II

Blackoak Capital (ABN 52 132 925 038) is a private equity real estate investment firm owned and controlled by its management. Blackoak Capital invests across Australia and across all real estate sectors.

We take a partnership approach where our objective is to generate gains for all stakeholders in our projects by adding value through solving complex issues, providing flexible financial resources and delivery capability.

The firm has invested circa $707 million across 17 trusts and funds since our inception in 2008. We take a long-term, value-added approach with a focus on capital preservation.

The firm offers a vertically integrated investment and management team, with a depth and range of experience across all sectors of real estate in both national and international markets. The firm benefits from an accomplished Advisory Board, which provides our executive team with advice on strategic issues and industry and market trends.

Development lead opportunities in Western Australia are undertaken by Blackoak Capital Ventures.

Blackoak Capital is regulated by the Australian Securities and Investment Commission and holds an Australian Financial Services License.

David joined Blackoak Capital in 2013 and has over 21 years of experience in real estate investment, asset management and finance in Australia and the United Kingdom. He is responsible for the execution of the firm’s strategy and the day-to-day management of the firm.

Before joining Blackoak, David was a Partner at Brockton Capital LLP, a UK focused Private Equity Real Estate Manager based in London with c.$1.27 billion of institutional capital under management across two funds with gross assets under management of $2.44 billion. Whilst at Brockton, David was responsible for origination and management of investments across office, retail, industrial and leisure sectors as well as asset backed businesses totalling $460 million. He was also a member of the Brockton Capital Fund II Investment Committee. David was involved in realisations averaging 31.9% IRR on assets acquired between 2006 and 2011.

After nine years in London David returned to Australia and has been responsible for originating $397,000,000 of investments across Australia in various asset classes with realisations exceeding 20% IRR on average.

David holds a Bachelor of Commerce from the University of Western Australia. He is a member of the Institute of Chartered Accountants Australia and has a graduate diploma in Applied Investment from the Financial Services Institute of Australasia of which he is a Fellow.

Tim has over 20 years of experience in the property and finance industries in Australia and Canada. He leads the Blackoak Ventures business, taking hands on responsibility for delivering successful outcomes for its projects.

Tim is the former Managing Director (2010-2017) and an Executive Director since 2018 of FJM Property, a private Western Australian property group managing the investments and developments of the Fini, Jones and Mack families. In this role he has overseen the group’s investment portfolio spanning retail, commercial, hospitality and industrial investments, as well as its development projects including the State Buildings, Knutsford Fremantle, Bunnings Claremont and the ABN Building, Leederville.

Prior to joining FJM Property in 2006, Tim was an investment banking executive at Macquarie Bank (2000-2005) in both Sydney and Canada, specialising in infrastructure and project finance.

Tim holds a Bachelor of Commerce (Hons) from the University of Western Australia and is a retired member of the Institute of Chartered Accountants Australia.

Mathew Fisher is Chief Operating Officer for the firm. Mathew is responsible for overseeing the day-to-day administrative and operational functions of the management business and portfolio assets. Mathew has over 21 years’ experience in the management of commercial, retail and industrial properties. Mathew has been a director and shareholder of the firm since 2011.

During his 10 years at Blackoak, Mathew has managed and been involved with over $612 million of real estate investments across the Australian market. Prior to joining the company, Mathew was the head of property management for a private investment firm, which managed commercial and industrial properties now managed by Blackoak. Mathew has also worked as a property manager for NYSE listed global real estate services firm, JLL.

Mathew holds a Bachelor of Commerce (Property and Finance) from Curtin University of Technology, is a Licensed Real Estate Agent in Western Australia and Victoria and has undertaken officer training at the Royal Military College of Australia.

Tony is the Chairman of the firm’s investment committee that reviews and evaluates all potential investments and divestments. Tony also provides the executive team with strategic input and advice on macro-economic trends impacting the industry.

Tony is an Industry Commentator on the Property and Investment markets. He is an advisor to the Reserve Bank of Australia where he is part of their business liaison unit. Tony is also an advisor to the Federal Department of Treasury. For a decade Tony was a member and Chair of the Advisory Board of the Property and Real Estate Faculty at Deakin University.

Until recently Tony was a National Director of Research at Cushman & Wakefield. Tony previously worked at Savills as their National Head of Research for over 11 years. Based in the Melbourne office, he worked with a team of nine researchers and oversaw the production of over 250 reports a year. He worked across the sales, leasing, valuations and management divisions of Savills working closely with the teams and their clients. Tony joined Savills from ISPT where he was responsible for a $160 million listed property portfolio and investment research. Tony also worked as part of the senior management team on the strategic direction of ISPT’s $6 billion property portfolio. Prior to joining Savills Tony spent ten years in equities funds management at Colonial, Institutional Stockbroking at Barclays and as an equities analyst.

Tony has a Bachelor of Arts degree, a Diploma of Financial Services, is a member of the Faculty of Australian Writers, is a graduate of Rogen, and has qualifications in equities, futures, options and foreign exchange trading. He is the author of four books and is Executive Director of a start-up using big data in the residential property sector. Tony also gave a TED talk at TEDx Queenstown in April 2016 on Climate Change and Property.

Previously a Director and Chairman of Blackoak Capital from 2016 to early 2024, Oliver now continues his role as a member of the Investment Committee bringing over 33 years’ experience as an international real estate investment professional to the group. He has invested in all major asset classes across his career from office, industrial, retail, residential, healthcare, leisure and asset backed operating businesses.

Oliver is the Joint Managing Partner of the business he founded at Mansford Real Estate LLP, a Private European multi-strategy real estate investment firm owned and controlled by its management. Mansford was formed in 1995. Since inception, along with investment partners, Mansford has invested directly in income producing properties, real estate development projects, indirect investments and managed structured transactions totalling circa £2.4 billion.

Prior to founding Mansford Oliver was Funding Director for Arlington Securities with responsibility for Arlington’s investment sales, development funding, financing and joint venture negotiations as well as its operations in continental Europe and the US. Prior to Arlington Oliver was employed by Goldman Sachs within their Real Estate Investment Banking Group. Oliver holds a BA in Law from Trinity College, Cambridge.

Peter is a Director of Blackoak Trustee Companies and a Member of the Blackoak Capital Investment Committee. Peter was a Chartered Accountant working in accounting practices for over 31 years. He has been involved with the establishment and financial management of property syndicates and trusts for nearly 20 years, and has acted as both a Trustee Director and Co-Syndicate Manager.

Peter was formerly a Partner of the Perth office of national accounting firm, Grant Thornton Australia Ltd, and in that role was responsible for the accounting and tax matters associated with the property syndicates and trusts.

Peter holds a Bachelor of Business from the Western Australian Institute of Technology (now Curtin University) and was formerly a Fellow of Chartered Accountants Australia and New Zealand.

Kheam is a Member of the firm’s investment committee that reviews and evaluates all potential investments and divestments. Kheam brings extensive experience as a principal investor in the Australian and international real estate markets to the firm.

Kheam is based in Singapore, where he acts as Chief Investment Officer at Assetwise Capital Management, his family business, together with running a real estate private equity fund investing in developments in Malaysia. Kheam’s family business is primarily focussed on property development, with 41 years of operating experience in Kuala Lumpur, Malaysia and Perth, Australia. Current projects include developing a 1,000 acre township (Bandar Utama, Kuala Lumpur) and a majority stake in the Old Perth Port development located in Barrack Square, Perth.

Kheam’s career has comprised management consulting, investment banking and real estate private equity fund management in Chicago, London, Singapore and Jakarta. Kheam graduated with a BCom and LLB from the University of Western Australia and subsequently obtained an MBA from the University of Michigan at Ann Arbor.

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