Bluestone is a leading financial services business established in Australia in 2000. The group has successfully expanded to New Zealand (2003) and Europe (2009).
Bluestone is owned by a number of leading institutional investors including Macquarie Bank, Crescent Capital Partners and Lloyds International. The Group also has a number of institutional funding relationships including Barclays Bank, Westpac Bank, Bank of Scotland and Forum Real Estate Partners.
The Group operates two core divisions; Bluestone Asset Management and Bluestone Capital Management
Bluestone Asset Management (BAM) is responsible for the operations and management of the Group’s financial and real estate assets.
Currently BAM oversees in excess of $1bn in assets on a primary basis, and $750m as standby basis. Asset classes within the portfolio include:
Residential mortgages (including portfolios securitised under the Sapphire program)
Reverse mortgages (including portfolios securitised under the Emerald program)
Small ticket commercial mortgages
SME equipment leases
Residential land sub-divisions
Portfolio and Asset management services are provided to a range of stakeholders, including banks, bond investors, institutional fund investors and Trustees. These services include:
Core servicing (customer & loan administration)
Special servicing (collections and arrears management)
Standby or Backup Servicing
Trust management (cash & bond administration)
Property Management and loan resolution or restructuring strategies – less