Revolution is a specialist investment manager established to provide institutional and high net worth investors with access to the Australian and New Zealand private debt market. Combining more than 100 years of experience in private debt, Revolution’s investment team founded the business and has a strong track record of sourcing and managing loan portfolios that help to fill the financing gap created by the decline in lending by Australian banks.
Revolution wants to change the way investors think about fixed income asset allocation. By accessing secured, floating rate investments, investors can complement the defensive allocation of a portfolio by allocating to private debt.
The approach to investing is based on a strong risk management framework with a focus on downside protection. It employs a rigorous and well-tested investment process, with significant scenario analysis conducted prior to each individual investment. The disciplined process is designed to deliver targeted returns with low volatility.
The investment activities are focused on the most compelling relative value opportunities across Australian and New Zealand real estate debt, Asset-Backed Securities, private company debt and Leveraged Buyout debt.
“AU & NZ private debt appeals to investors due to its ability to provide long term stable returns. Depending on liquidity needs, we see defensive portfolio allocations of up to 20% to this asset class. The floating rate nature of private debt also means less concern about rising interest rates and a level of inbuilt protection against inflation.”
Bob is co-founder and managing director of Revolution Asset Management. He is responsible for leading the strategy for the Australian and New Zealand private debt portfolio.
Prior to establishing Revolution Asset Management, Bob held senior roles as Head of Direct Lending at Kapstream Capital and Head of Fixed Income at Challenger Limited. As Head of Fixed Income at Challenger Limited, from 2005 to 2016, Bob led an investment team of 14 staff managing leveraged finance/private debt, real estate debt, Asset Backed Securities, investment grade corporate credit and alternatives portfolios on behalf of both Challenger Life Company and a number of Australian superannuation funds. During his tenure, funds under management increased from $1 billion to in excess of $9 billion. Prior to Challenger, Bob was Credit Analyst and Portfolio Manager at PIMCO, and Portfolio Manager, Infrastructure and Private Debt at AMP Capital.
Bob holds a Bachelor of Commerce in Accounting and Finance from the University of NSW, a Graduate Diploma in Applied Finance from FINSIA and a Master of Applied Finance from Macquarie University.
Bob is co-founder and managing director of Revolution Asset Management. He is responsible for leading the strategy for the Australian and New Zealand private debt portfolio.
Prior to establishing Revolution Asset Management, Bob held senior roles as Head of Direct Lending at Kapstream Capital and Head of Fixed Income at Challenger Limited. As Head of Fixed Income at Challenger Limited, from 2005 to 2016, Bob led an investment team of 14 staff managing leveraged finance/private debt, real estate debt, Asset Backed Securities, investment grade corporate credit and alternatives portfolios on behalf of both Challenger Life Company and a number of Australian superannuation funds. During his tenure, funds under management increased from $1 billion to in excess of $9 billion. Prior to Challenger, Bob was Credit Analyst and Portfolio Manager at PIMCO, and Portfolio Manager, Infrastructure and Private Debt at AMP Capital.
Bob holds a Bachelor of Commerce in Accounting and Finance from the University of NSW, a Graduate Diploma in Applied Finance from FINSIA and a Master of Applied Finance from Macquarie University.
Simon is one of the co-founders of Revolution Asset Management. He is primarily focused on the Asset Backed Securities (ABS) portfolio involved in all facets of the investment process including origination, due diligence and on-going surveillance and monitoring of existing transactions. As a long term cornerstone senior and mezzanine investor in public and private ABS transactions, he is a very well-known figure in the Australian Securitisation market amongst issuers, arrangers and the sell-side.
From 2011 to 2017, Simon was a Senior Portfolio Manager for Westpac’s $2.2Bn AUD principal investment fund called Credit Relative Value. Simon specifically focused on RMBS, CLOs, Consumer, Equipment and Transport ABS. Previously, Simon was a Senior Portfolio Manager in Fixed Income at Challenger alongside Mr Sahota and has held Credit Trading and Structuring roles at CBA and ANZ. He is also currently on the Australian Securitisation Forum (ASF) Investor Subcommittee.
Simon is a member of the Investment Committee for Cancer Council NSW. Simon holds a Ph.D. in Applied Mathematics from the University of Melbourne, a Bachelor of Science with First Class Honours degree in Theoretical Physics from Monash University where he was the recipient of the Dean’s List Award for every year of attendance. He also received a Graduate Certificate in Applied Finance from FINSIA.
Simon is one of the co-founders of Revolution Asset Management. He is primarily focused on the Asset Backed Securities (ABS) portfolio involved in all facets of the investment process including origination, due diligence and on-going surveillance and monitoring of existing transactions. As a long term cornerstone senior and mezzanine investor in public and private ABS transactions, he is a very well-known figure in the Australian Securitisation market amongst issuers, arrangers and the sell-side.
From 2011 to 2017, Simon was a Senior Portfolio Manager for Westpac’s $2.2Bn AUD principal investment fund called Credit Relative Value. Simon specifically focused on RMBS, CLOs, Consumer, Equipment and Transport ABS. Previously, Simon was a Senior Portfolio Manager in Fixed Income at Challenger alongside Mr Sahota and has held Credit Trading and Structuring roles at CBA and ANZ. He is also currently on the Australian Securitisation Forum (ASF) Investor Subcommittee.
Simon is a member of the Investment Committee for Cancer Council NSW. Simon holds a Ph.D. in Applied Mathematics from the University of Melbourne, a Bachelor of Science with First Class Honours degree in Theoretical Physics from Monash University where he was the recipient of the Dean’s List Award for every year of attendance. He also received a Graduate Certificate in Applied Finance from FINSIA.
David is one of the co-founders of Revolution and is responsible for portfolio selection and management. He is primarily focused on corporate leveraged buyout (LBO) loans and real estate loans, including due diligence, execution and ongoing monitoring of existing transactions.
Prior to forming Revolution, David was a portfolio manager with Kapstream, where he was responsible for credit analysis and portfolio management, covering multiple sectors including property, infrastructure, diversifieds and technology, media and telecommunications. Prior to Kapstream, David worked alongside Bob Sahota at Challenger, where he was responsible for the credit research and management across multiple sectors with a key focus on commercial real estate debt and leveraged loans, which incorporated detailed industry and business analysis, financial analysis and significant downside modelling as well as assigning internal credit ratings.
David holds a Bachelor of Business (with Distinction) from the University of Technology, Sydney, is a member of Chartered Accountants Australia and New Zealand and is also a CFA charterholder.
David is one of the co-founders of Revolution and is responsible for portfolio selection and management. He is primarily focused on corporate leveraged buyout (LBO) loans and real estate loans, including due diligence, execution and ongoing monitoring of existing transactions.
Prior to forming Revolution, David was a portfolio manager with Kapstream, where he was responsible for credit analysis and portfolio management, covering multiple sectors including property, infrastructure, diversifieds and technology, media and telecommunications. Prior to Kapstream, David worked alongside Bob Sahota at Challenger, where he was responsible for the credit research and management across multiple sectors with a key focus on commercial real estate debt and leveraged loans, which incorporated detailed industry and business analysis, financial analysis and significant downside modelling as well as assigning internal credit ratings.
David holds a Bachelor of Business (with Distinction) from the University of Technology, Sydney, is a member of Chartered Accountants Australia and New Zealand and is also a CFA charterholder.
Steve commenced with the firm in 2021 as a Portfolio Manager primarily focused on the Asset Backed Securities portfolio involved in all facets of the investment process including origination, due diligence and on-going surveillance and monitoring of existing transactions. Steve is also responsible for Revolution’s ESG policy.
Steve commenced his career with 21 years at Challenger Financial Services in a variety of functional areas within the Life Company, including analyst roles in the Risk and Quantitative Analysis team and Finance. Steve then spent 13 years in the Fixed Income team, initially providing support for a portfolio covering a broad range of fixed interest investments including investment grade corporate credit, domestic ABS, offshore ABS, and private debt. He progressed to the role of Senior Portfolio Manager responsible for the deployment of over $1bn in the alternative debt portfolio which included investments in insurance linked securities, royalty securitisations and aircraft finance, amongst others. Steve was also responsible for the initial implementation and adoption of ESG reporting for the fixed income team of Challenger Investment Partners.
Prior to joining Revolution, Steve worked at Bluestone APAC as the Senior Relationship Manager responsible for managing a significant 3rd party servicing contract for a $7bn mortgage portfolio. In this role Steve was responsible for stakeholder management of key external counterparties (CBA and Aussie Home Loans), as well as being the key management contact for the teams responsible for settlements, servicing, compliance and collections.
Steve holds a Bachelor of Mathematics and Finance from the University of Technology, Sydney, and a Graduate Diploma in Applied Finance and Investment from FINSIA.
Steve commenced with the firm in 2021 as a Portfolio Manager primarily focused on the Asset Backed Securities portfolio involved in all facets of the investment process including origination, due diligence and on-going surveillance and monitoring of existing transactions. Steve is also responsible for Revolution’s ESG policy.
Steve commenced his career with 21 years at Challenger Financial Services in a variety of functional areas within the Life Company, including analyst roles in the Risk and Quantitative Analysis team and Finance. Steve then spent 13 years in the Fixed Income team, initially providing support for a portfolio covering a broad range of fixed interest investments including investment grade corporate credit, domestic ABS, offshore ABS, and private debt. He progressed to the role of Senior Portfolio Manager responsible for the deployment of over $1bn in the alternative debt portfolio which included investments in insurance linked securities, royalty securitisations and aircraft finance, amongst others. Steve was also responsible for the initial implementation and adoption of ESG reporting for the fixed income team of Challenger Investment Partners.
Prior to joining Revolution, Steve worked at Bluestone APAC as the Senior Relationship Manager responsible for managing a significant 3rd party servicing contract for a $7bn mortgage portfolio. In this role Steve was responsible for stakeholder management of key external counterparties (CBA and Aussie Home Loans), as well as being the key management contact for the teams responsible for settlements, servicing, compliance and collections.
Steve holds a Bachelor of Mathematics and Finance from the University of Technology, Sydney, and a Graduate Diploma in Applied Finance and Investment from FINSIA.
Lucie commenced with the firm in 2021 and is primarily focused on corporate leveraged buyout (LBO) loans, including due diligence, execution and ongoing monitoring of existing transactions. Lucie is also an LBO ESG Champion with focus on LBOs.
Lucie joined Revolution from JANA, a leading asset consultant, where she focused on fixed income research, portfolio construction and investment strategy advice to a range of Australian and New Zealand clients. Prior to JANA, Lucie worked as Portfolio Analyst at Challenger Limited, focusing on fixed income portfolios with responsibility for cash management. Lucie started her career at Kapstream Capital, where she worked alongside Bob Sahota and David Saija conducting credit analysis and working on several projects including launch of private debt strategy.
Lucie holds a Bachelor of Accounting degree from Kent Institute of Business and Technology. She was awarded the Kent International Student Scholarship, Kent Award for Academic Excellence and placed on the Dean’s List. Lucie is a Chartered Financial Analyst (CFA) charterholder.
Lucie commenced with the firm in 2021 and is primarily focused on corporate leveraged buyout (LBO) loans, including due diligence, execution and ongoing monitoring of existing transactions. Lucie is also an LBO ESG Champion with focus on LBOs.
Lucie joined Revolution from JANA, a leading asset consultant, where she focused on fixed income research, portfolio construction and investment strategy advice to a range of Australian and New Zealand clients. Prior to JANA, Lucie worked as Portfolio Analyst at Challenger Limited, focusing on fixed income portfolios with responsibility for cash management. Lucie started her career at Kapstream Capital, where she worked alongside Bob Sahota and David Saija conducting credit analysis and working on several projects including launch of private debt strategy.
Lucie holds a Bachelor of Accounting degree from Kent Institute of Business and Technology. She was awarded the Kent International Student Scholarship, Kent Award for Academic Excellence and placed on the Dean’s List. Lucie is a Chartered Financial Analyst (CFA) charterholder.
Pratik Joshi is a seasoned Structured Debt Capital Market professional with 14 years’ experience spread across Securitisation, Debt Capital Markets, Project / Infrastructure Finance, Institutional Banking and Consulting.
Prior to joining Revolution, Pratik served in sell side front office credit role as Vice President – Asset Backed Securities at Bank of America, N.A. in Sydney. In this role, he managed a substantial asset backed securitisation portfolio across asset classes. Prior to his tenure at Bank of America, Pratik spent close to four years within the Structured Finance Group at Moody’s Investor Services as Lead Analyst, and Business Head of Moody’s Analytics. Before that, his career encompassed various front office origination roles at HSBC Bank Australia in Project Financing, L&T Infrastructure Finance in Debt Capital Markets, and Yes Bank Limited in Institutional Banking.
Pratik’s professional journey has provided him with in-depth expertise in origination, structuring, credit analysis, risk management and distribution of Asset Backed Securities (ABS), Residential Mortgage Backed Securities (RMBS), Infrastructure Finance (Public-Private Partnerships, Renewal Energy, Utilities, Social Infrastructure, Annuities / Toll Roads etc.), Financial Institutions (Additional Tier-I/Hybrids/PERPs, Tier-II Subordinated debt etc.) and Corporate Debt among others.
Pratik holds esteemed qualifications, including the Chartered Financial Analyst (CFA), USA charter, Chartered Alternative Investment Analyst (CAIA), USA charter, and an MBA from the Indian Institute of Management, Mumbai. Prior to his MBA, he pursed a Bachelor of Engineering followed by Master of Engineering from IIIT, Bangalore. He has also earned micro-credentials in Private Debt and Digital Assets from CAIA, USA.
Pratik Joshi is a seasoned Structured Debt Capital Market professional with 14 years’ experience spread across Securitisation, Debt Capital Markets, Project / Infrastructure Finance, Institutional Banking and Consulting.
Prior to joining Revolution, Pratik served in sell side front office credit role as Vice President – Asset Backed Securities at Bank of America, N.A. in Sydney. In this role, he managed a substantial asset backed securitisation portfolio across asset classes. Prior to his tenure at Bank of America, Pratik spent close to four years within the Structured Finance Group at Moody’s Investor Services as Lead Analyst, and Business Head of Moody’s Analytics. Before that, his career encompassed various front office origination roles at HSBC Bank Australia in Project Financing, L&T Infrastructure Finance in Debt Capital Markets, and Yes Bank Limited in Institutional Banking.
Pratik’s professional journey has provided him with in-depth expertise in origination, structuring, credit analysis, risk management and distribution of Asset Backed Securities (ABS), Residential Mortgage Backed Securities (RMBS), Infrastructure Finance (Public-Private Partnerships, Renewal Energy, Utilities, Social Infrastructure, Annuities / Toll Roads etc.), Financial Institutions (Additional Tier-I/Hybrids/PERPs, Tier-II Subordinated debt etc.) and Corporate Debt among others.
Pratik holds esteemed qualifications, including the Chartered Financial Analyst (CFA), USA charter, Chartered Alternative Investment Analyst (CAIA), USA charter, and an MBA from the Indian Institute of Management, Mumbai. Prior to his MBA, he pursed a Bachelor of Engineering followed by Master of Engineering from IIIT, Bangalore. He has also earned micro-credentials in Private Debt and Digital Assets from CAIA, USA.
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