Business
Blackstone-backed LaTrobe Financial eyes $2b IPO – The Australian Financial Review
Booming non-bank lender and credit manager LaTrobe Financial will consider a trade sale or IPO that could value that business at more than $2 billion.
Since Blackstone invested in 2017 with the intention of doubling the size of the business in five years, LaTrobe has boosted its assets under management from $3.2 billion to $12 billion, sparking a raft of inquiries from potential investors.
Based on the current rate of growth about $1 billion in loan originations a month and $500 million in settlements internal estimates put the business on track to hit assets under management of $25 billion in about four years.
Blackstone is only three years into…
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