Pinnacle Investment Management Group Limited · ASX:PNI
Pinnacle Investment Management — Metrics Summit 2025
19 slides from Pinnacle Investment Management's conference presentation, July 2025
Slide 1: Metrics Credit Partners: Australian Real Estate & The Opportunity For Investors
Metrics Credit Partners Australian Real Estate & The Opportunity For Investors July 2025
Slide 2: Metrics Overview
Metrics Overview Metrics is a leading independent Australian alternative asset manager specialising in private markets. 2013 9 ~ 52% Metrics > 450 > $30bn Established cities globally with owned by its Group > 13 years ago (2) Total Employees (1) Total combined AUM (2) Metrics offices (2) Managing Pa
Slide 3: Public & Private Corporate Debt Markets
Public & Private Corporate Debt Markets Private markets are the dominant source of debt capital for Australian corporates and projects. Australian Corporate Debt Outstanding (A$bn) Corporate Lending (banks) Public Debt Corporate Lending (funds) 295 16% 281 Domestic/Offshore Bonds / Placements 268 25
Slide 4: Borrower Diversification Across the Economy
Borrower Diversification Across the Economy Metrics has invested >$40bn across >1,200 loan transactions since inception in June 2013. 4 | Metrics Credit Partners
Slide 5: Commercial Real Estate Lending vs Market
Metrics Commercial Real Estate Lending vs Market Metrics has a strong focus on metropolitan residential and industrial project lending. Australia’s Real Estate Loan Market Australia’s CRE Loan Market1 Metrics CRE Lending 2 Residential Industrial Residenti al Consumer Commercial Real Estate Office Re
Slide 6: Opportunity in Australia's Commercial Real Estate
Opportunity in Australia’s Commercial Real Estate There are many good reasons, but Australia’s population growth outlook is perhaps the most compelling. How much property demand does 9.1 million people the next 25 years create? 50 2.5% 3.8 million dwellings 40 Population Change (LHS) 2.0% > 3.2 mill
Slide 7: Opportunity in Australian Residential Commercial Real Estate
Opportunity in Australian Residential Commercial Real Estate There are not enough dwellings being built to keep pace with population growth nor meet the National Housing Accord target of 1.2 million dwellings by 2029. National Dwelling Completions vs Target Dwelling Completions vs Target by State 70
Slide 8: Opportunity in Australian Industrial Commercial Real Estate
Opportunity in Australian Industrial Commercial Real Estate There has been a structural uplift in industrial demand since COVID that will continue for the foreseeable future. Gross Take-up of Industrial Space 4.5 What is driving the lift in industrial demand? Qtrly Rolling Annual Online Spending 01
Slide 9: Sydney Planning Strategy
Sydney Planning Strategy Sydney has a planning and infrastructure pipeline driving real estate supply to support population growth. Key drivers supporting CRE market ► Strategy for 3 x 30-minute cities: o Easter Harbor City (CBD); o Central River City (Paramatta); and o Western Parkland City (Bradfi
Slide 10: Product Capabilities
Metrics Product Capabilities Metrics partners with established, experienced developers that have demonstrated track records in project delivery. Industrial Project Site Acquisition Early Works Construction Completion Residential Project Metrics Products ✓ Equity JV ✓ Early Works Finance ✓ Constructi
Slide 11: Why Metrics
Why Metrics Metrics offers scale, diversification and experience in private debt. Top 10 Australian CRE Debt Managers A$m AUM as at December 2024 1 12.2 7.5 6.8 6.5 Direct Size, Scale & 5.2 Origination Diversification 3.0 2.9 2.7 1.9 1.2 INVESTMENT OUTPERFORMANCE Top 10 Global CRE Debt Managers HQ C
Slide 12: Best in Class Governance
Best in Class Governance Our funds operate under the highest global corporate governance standards, allowing us to best manage risk, and protect and preserve investor capital. Credit rating, valuation & financial audits Extensive relationships with banks Annual operational risk review Independent mo
Slide 13: Metrics' Funds
Metrics’ Funds Met ric s Re al Est ate Multi- Listed and Unlisted Funds St ra tegy Fund (ASX :MRE) Metrics Direct Metrics Master Metrics Real Estate Metrics Income Metrics Rea l Metrics Rea l Estate Multi- Estate Multi- Income Fund Income Trust Income Fund Opportunities Trust Stra tegy Stra tegy (MD
Slide 14: Metrics Real Estate Income Fund (MREIF)
Metrics Real Estate Income Fund (MREIF) Diversified exposure to Australian Commercial Real Estate lending via Metrics' award winning MCP Real Estate Debt Fund. Fund Structure Research Ratings Fund Construction (MCP REDF) Metrics Real Estate MREIF and REDF have been independently rated: Income Fund (
Slide 15: Metrics Real Estate Multi-Strategy Fund (ASX:MRE)
Metrics Real Estate Multi-Strategy Fund (ASX:MRE) MRE provides unique, diversified exposure to attractive commercial real estate investments. Metrics Real Estate Multi-Strategy Fund (ASX:MRE) Metrics Real Estate Income Metrics Real Estate Multi- Metrics Real Estate Multi- Fund (MREIF) Strategy Passi
Slide 16: Metrics Fund Offerings
Metrics Fund Offerings Unique access to investment opportunities and portfolio diversification. Metrics Direc t Metrics Maste r Metrics Income Metrics Real Estate Metrics Real Estate Inc ome Fund Inc ome Trust Opportunities Trust Multi-Strategy Fund Inc ome Fund (Managed Fund) (ASX:MXT) (ASX:MOT) (A
Slide 17: Disclaimer
Disclaimer Metrics Real Estate Multi-Strategy Passive Trust (passive Trust) and the Purpose of Presentation Metrics Real Estate Multi-Strategy Active Trust (Active Trust), MCP This document has been prepared by Metrics Credit Partners AFSL 416146 Wholesale Income Opportunities Trust, MCP Wholesale I
Slide 18: Disclaimer – Research Ratings
Disclaimer – Research Ratings any such loss arising out of your use of, or reliance on, information contained ratings definitions and regulatory compliance are available on our Product Bond Adviser in or accessed through this report. Assessments and at this link. BondAdviser has acted on information
Slide 19: For more information
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