What EG Funds Management does

EG Funds Management is an Australian independent real estate investment platform founded in 2000 by Adam Geha and Shane Geha, headquartered in Sydney with a Manila office. The firm manages real estate on behalf of institutional investors (sovereign wealth funds, Australian superannuation funds, pension administrators) and wholesale/high-net-worth clients, reporting approximately $4.3 billion in assets under management, $5 billion in cumulative capital raised, and a $3.9 billion development pipeline. Its core activities span acquisition, active asset management, repositioning, refurbishment, and development across commercial, industrial, residential, and social/affordable housing assets, with operations spanning NSW, Victoria, Queensland, ACT, Western Australia, and Tasmania.

The firm's product portfolio includes the open-ended Australian Core Enhanced Fund (ACE), the ESG-focused DELTA Fund, two Yield Plus Infrastructure Funds (YPI 1 and YPI 2), the High Income Sustainable Office Trust (HISOT), the Perth Rail Link Trust, the Belrose Investment Trust, and Private Wealth syndications. Underpinning these is PRISMS — proprietary risk management software that measures, prices, and manages risks attached to leveraged commercial property investments using Income Security Coefficient scoring and stochastic density metrics. The firm also operates EGX (a property technology incubator), EG Developments (residential build-to-sell and build-to-rent), EG Advisory (urban planning consultancy), and the EG Grow internal development program.

EG's revenue model is based on fund management fees (structured as cost-recovery fixed amounts rather than percentage-of-AUM, in order to discourage fund-raising over sound investing) plus back-ended performance fees under its Absolute Alignment model, where the manager co-invests in the first-loss position and earns performance fees only after investors receive their funds plus an agreed benchmark return. Distribution is direct and relationship-led, with a capital transactions team managing institutional investors including GIC (Singapore), PGGM (Netherlands), and Link REIT (Hong Kong), and a separate private wealth channel serving wholesale clients through syndications.

Name

EG Funds Management

Legal name

EG Funds Management

Website

https://eg.com.au

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

101–250 employees

Short description

EG Funds Management is an Australian independent real estate investment platform managing $4.3B AUM for institutional and wholesale investors through proprietary PRISMS risk-managed funds spanning commercial, industrial, residential, and development assets.

Ownership category

akta.pro rank

Product category

Real Estate Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

ESG Integration / Responsible Investment Funds (Broad ESG) (FSANAJAL)

akta.pro secondary industries

ESG/SRI/Impact Mutual Funds (FSAAAEAI), ESG/Sustainable Investment Advisory (FSAEAAAJ), Impact / ESG Multi-Manager Platforms (FSANAGAJ)

Keywords

• Commercial property investment
• Real estate fund management
• Institutional property investment
• Property syndication services
• Real estate development

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Funds Management Fees: Base fees linked to cost recovery rather than percentage of funds raised, quoted as fixed amounts. The company differentiates by not encouraging fund raising and empire building over sound investing.
2. Performance Fees: Back-ended performance fees paid only after all assets disposed and investors receive their funds plus agreed benchmark return. This Absolute Alignment model ensures manager eats last and is aligned with investor outcomes.
3. Real Estate Investment Returns: Returns generated through active asset management, refurbishment, repositioning, and strategic investment across commercial, industrial, residential, and development properties for institutional and wholesale investors.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

EG Funds Management is a data-driven, independent real estate investment platform that raises and manages pooled funds on behalf of institutional investors (super funds, sovereign wealth funds, REITs) and wholesale clients. It invests in commercial, industrial, residential and development property across Australia, supported by its proprietary PRISMS risk management platform, and delivers returns through active asset management, refurbishment and repositioning.

Product overview

EG Funds Management is one of Australia's largest independent real estate investment platforms offering a diversified portfolio of investment products and services. The core product portfolio includes proprietary risk management platform PRISMS iQ, multiple fund products (ACE open-ended fund, DELTA ESG fund, YPI infrastructure funds, HISOT sustainable office trust, and Private Wealth syndications), development projects, advisory services, and technology incubator EGX. The company operates across institutional and wholesale investor segments, combining property investment management with development capabilities and technology-enhanced investing through its proprietary analytics platform.

Differentiator

Problem solved

Functional benefit

Brands

• EG ACE (Australian Core Enhanced Fund): Open-ended diversified fund repositioning assets to core, targeting office, retail and industrial real estate in Australia.
• EG DELTA ESG
• YPI Fund No. 1 & No. 2
• PRISMS iQ
• EG Grow
• EGX
• Little BIG Foundation

Products and services

• EG ACE (Australian Core Enhanced Fund)
• EG DELTA ESG
• YPI Fund No. 1
• YPI Fund No. 2
• Perth Rail Link Trust
• High Income Sustainable Office Trust (HISOT)
• Belrose Investment Trust
• Private Wealth (Commercial Property Syndication)
• EG Developments
• EG Advisory
• Private Debt

Quantifiable outcome

• 16.7% per annum realised IRR for institutional funds
• +5 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Southern Cross Community HousingcoreStrategic or Co-development Partner · 1 September 2021EG partnered with Southern Cross Community Housing to deliver a $150 million flagship social and affordable housing precinct in Bomaderry, New South Wales. This B.I.G. Thinking initiative demonstrates commitment to lasting social impact through responsible development.
• Little BIGminorStrategic or Co-development PartnerLittle BIG (formerly Little BIG Foundation) is an organisation that activates communities to achieve long-term social benefit. EG collaborates with Little BIG to deliver social connection and community initiatives across properties.
• Investor Group on Climate Change (IGCC)minorStrategic or Co-development PartnerEG signed statement of commitment with IGCC to support their mission recognising investors as key to addressing climate change. EG also joined Asia Investor Group on Climate Change (AIGCC) in 2019.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• CapitaLand Investment: Asia-Pacific focused real estate investment manager with extensive fund platform. Relevant as Link REIT's regional context and as a competitor for Asia-Pacific capital mandates.
• Stockland: Larger diversified Australian property developer and asset manager across residential, retirement, and CRE. Overlaps with EG on CRE investment management but is materially larger and broader.
• Brookfield Asset Management: Global alternative asset manager with major real estate fund operations including Australia. Competes with EG for institutional LP mandates and cross-border real estate capital.

Direct peers

• Charter Hall: One of Australia's largest institutional real estate fund managers, running pooled CRE funds across office, retail, and industrial with similar institutional LP base. Directly comparable on business model, fund structures, and target segments.
• Lendlease Real Estate Investments: Global real estate investment manager with significant Australian CRE operations and institutional fund platform. Multiple EG executives (including Roger Parker) previously held senior roles at Lend Lease, reflecting shared DNA.
• GPT Group: Australian institutional real estate investor and fund manager focused on office, retail, and logistics. Comparable on CRE fund management mandate, institutional LP base, and listed/internal fund structures.
• Dexus: Major Australian CRE fund and asset manager across office and industrial with AUM exceeding $30B. Closely comparable on institutional fund management model and Australian CRE focus.
• Investa Property Group: Australian office-focused CRE fund manager with institutional LP base. EG executives including Roger Parker previously held senior roles at Investa, and the firm shares office-heavy mandate focus.
• Mirvac: Australian diversified property group combining investment management, development, and funds management. Comparable on fund vehicles for institutional capital and integrated development pipeline.
• Cromwell Property Group: Australian and European-focused real estate investment and fund manager with institutional offerings. Smaller scale but directly comparable business model of pooled CRE funds for wholesale and institutional investors.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/eg-funds
• Xx.com/egfunds

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EG Funds Management