Managing 30 concurrent developments requires more than capital. It requires confidence.
How Federation Asset Management strengthened governance, lender coordination and investor confidence across a complex portfolio of childcare developments?
About our client: Federation Asset Management
Federation Asset Management is a Sydney-based investment manager specialising in alternative assets across real estate, infrastructure, renewable energy and private equity. Through its childcare aggregation strategy, the firm manages a growing portfolio of developments that deliver long-term value for investors while supporting essential community infrastructure. The scale and complexity of this portfolio requires strong governance, stakeholder coordination and lender oversight.
The challenge: Coordinating multiple projects, stakeholders and lenders at scale
Federation's childcare aggregation strategy involves managing 30 developments simultaneously, with each project at a different stage of its lifecycle and requiring coordination across a wide range of contractors, consultants and stakeholders. The complexity is further amplified by sophisticated funding structures, monthly debt reporting obligations and the need to maintain ongoing alignment with six domestic and international lenders. As the portfolio grew, ensuring strong governance, effective risk management and consistent administration across all projects became increasingly critical.
"Every project had different requirements, timelines and funding considerations, creating a highly complex operating environment." FAM Asset Management Director – Real Estate, Lisa Peng,
What was needed: A governance and administration framework that could scale
To support the growing complexity of its childcare aggregation strategy, Federation required a governance and administration framework capable of scaling alongside the portfolio. This included strong governance oversight, effective coordination across multiple lenders, consistent reporting processes and disciplined risk management. Equally important was maintaining transparency for investors while ensuring efficient administration across a large number of projects, stakeholders and funding arrangements.
The solution: Supporting complex investment structures through specialist expertise
To support Federation's growing portfolio, Perpetual Corporate Trust acted as agent, trustee and governance partner, providing the expertise and operational support needed to manage complex investment structures. The partnership was built around three key pillars:
- Governance oversight: Providing a robust governance framework to support compliance obligations, informed decision-making and disciplined risk management across a growing portfolio.
- Debt and lender coordination: Supporting the administration, reporting and coordination required to manage funding arrangements and maintain alignment across six domestic and international lenders.
- Investor confidence: Delivering transparency, oversight and operational discipline to help strengthen investor confidence and support efficient administration throughout the investment lifecycle.
Together, these capabilities enabled Federation to navigate increasing operational complexity while maintaining strong governance standards, effective stakeholder management and confidence among investors and lenders alike.
The outcome: Stronger confidence across the investment ecosystem
By partnering with Perpetual Corporate Trust, Federation strengthened governance oversight across its growing portfolio while improving coordination between projects, stakeholders and lenders. The enhanced governance framework and disciplined administrative support helped streamline reporting and operational processes, enabling efficient management at scale. In turn, investors benefited from greater transparency and confidence, supported by robust controls, effective risk management and a strong compliance framework. Together, these outcomes have helped Federation manage complexity while maintaining confidence across its broader investment ecosystem.
"Their deep expertise in private market investments and real estate makes our complex deals easier to execute." Loretta Nicelli, Asset manager, Federation Asset Management
Whether you're launching a new fund, managing complex financing arrangements or seeking stronger governance support, Perpetual Corporate Trust can help.