PRESS RELEASE: CEPTA GROUP ON TRACK TO RECEIVE FINANCIAL SECURITY LICENCE
CEPTA, a boutique PE firm based in Sydney, Australia is set to launch its flagship Australia Real Estate Opportunity Fund by the end of 2022.
To this end CEPTA is on track to complete the formalization arrangement of a Singapore Financial Security License or Capital Market License authorized by the Monetary Authority of Singapore. CEPTA Managing Director, Danny Topperberg stated that the group has been making key appointments to its management team in preparation for launching the fund. These appointments have been made globally, with expertise and experience from individuals with diverse backgrounds in Fund Management, Banking, Investment Management, Property Development, Marketing, Intelligence, Government and Legal.
Amongst the appointments, Paul Leong has been appointed Chairman of the Board and Sidney Wheatley the group CEO. “We are happy to announce that the team is in place and the license shall allow us to actively engage with stakeholders and investors to take advantage of the existing conditions.” He added that several strategies have been developed for robust yields, with short and medium term exits initially.
In parallel, CEPTA has identified a number of off market properties in prime locations, as well as secondary areas of cities, with a longer term outlook. Given the current global economic circumstances, the fund strategy will include allocation for distressed assets with a quick turnaround.
Group CEO, Sidney Wheatley stated that while there has been concern of an Australian property bubble, Australia has a unique situation that makes it more resilient than other traditional real estate markets. “We are confident that the Australian market will resist the worst effects of global slow down. Our network will provide unique opportunities for off-market deals of choice, to develop iconic landmarks and acquire distressed assets within the Australian real estate sector.” Cepta provides corporate advisory and private equity services. Recent projects include transactions in Oil & Gas and Real Estate.
