As systemic changes continue to emerge in global credit markets, Madigan leverages our collective experience in non-bank funding over the past three Australian asset cycles to provide institutional investors access to the highest quality direct credit exposures, secured by real estate and social infrastructure assets.

While seeking out commercially optimal risk-adjusted returns is core to what we do, we are very mindful that behind the headline figures of institutions investment funds, there stand thousands of people whose life savings are entrusted with pension fund institutions – which, as managers of capital, is thereby entrusted to us. This fiduciary, social and environmental responsibility is not lost on us, and we consistently employ a best-of-breed, fundamentals based approach to assessing each of our investments with the ultimate beneficiaries of our investments first and foremost in our decision-making process.

As a non-bank private debt provider, we invest across all real estate and social infrastructure sectors in all stages from asset creation to mature income producing stabilised investments. We seek long term partnerships with borrowers committed to high quality assets or projects delivering sustainable long term returns where Madigan can offer more flexibility on terms or tenure than traditional sources of debt capital.

As a socially responsible corporate citizen, Madigan is also a proud pursuer of social infrastructure projects – and addressing the undersupply of affordable housing is a core focus of our social infrastructure group.

Christine Bayadi

Director Asset Management

Christine has over 30 years’ experience in the banking and financial services industry. She is responsible for due diligence and risk analysis in the asset underwriting process and leading the asset management function for Madigan Capital investments. Prior to joining Madigan, Christine spent 4 years at Challenger as Director Property Credit managing the rundown of the Howard Mortgage Fund and, before this, spent two years at RMB Australia winding up its property mezzanine book. Christine also spent 6 years at Gresham Partners as an Investment Manager on the Gresham Property Mezzanine Funds with primary responsibility for the ongoing management and reporting on the Funds’ mezzanine loans. Christine has also worked at Macquarie Bank with primary responsibility for managing a portfolio of debt and equity property transactions, following the transfer of her team from Bankers Trust. During her time at Bankers Trust and Macquarie Bank, she was involved in a broad range of property transactions including substantial property developments, in analytical, implementation and management roles. Prior to Bankers Trust, Christine spent 10 years at Westpac including property and work-out experience.

Eliza Chan


Eliza has over 20 years’ experience working in the financial services industry in Australia, Singapore and Hong Kong. Her experience includes establishing key financial frameworks for early-stage growth businesses and pre-IPO funds, financial management and finance business partnering. She has held positions with Macquarie Group (infrastructure funds), Deutsche Bank, Ernst & Young, Vistra Group (Asia) and Helmsman Capital (private equity). Eliza is a Chartered Accountant with the Institute of Chartered Accountants Australia and holds a Bachelor of Commerce (Finance and Accounting) degree from Sydney University.

Peter Crawford

Associate Director

Peter has 11 years’ experience in corporate finance, loan restructuring, banking and real estate. Prior to joining Madigan, Peter held positions within the respective teams of CBA Corporate Finance, Deloitte M&A Advisory and Transaction and PPB Advisory. Peter’s experience includes the origination and execution of complex loans across property, social infrastructure projects and general industries. Peter holds a Bachelor of Commerce/Accounting degree from Macquarie University.

Fiona Dixon

Compliance Officer

Fiona is responsible for the compliance monitoring and reporting at Madigan. Fiona has over 20 years' experience in the Funds Management industry, having held positions with Deutsche Bank and Colonial First State Investments. In the past 6 years Fiona has been responsible for acting as an independent compliance consultant, providing compliance consultancy, external compliance committee membership and acting as a Responsible Manager for a number of companies within the Funds Management industry. Fiona holds a Graduate Diploma in Management from the Macquarie Graduate School of Management.

Richa Kothari


Richa assists with deal underwriting and investment management, financial modelling and investment analysis. Prior to Madigan, Richa was a Portfolio Analyst at Stockland, where she developed financial performance models for senior management, prepared reports to monitor portfolio KPIs and assessed investment papers for the investment committee. She also worked for Cushman and Wakefield as a capital markets associate and lease analyst in India and Sydney respectively and prior to that worked for a boutique financial services firm in India. Richa holds a Bachelor of Engineering degree (Computer Science) from the University of Mumbai and is a CFA Level III Candidate.

Juan Manas

Director Origination & Transactions
Juan provides support in origination, underwriting and asset management. Prior to Madigan, Juan was a Portfolio Manager at TIAA Henderson, where he participated in the acquisition and management of a portfolio in excess of A$1bn in Australia and the development of new products across equity and debt in the APAC region. Prior to that, Juan was an associate director at ECC Real Estate in London, assisting in the financial modelling and structuring of new investment opportunities in the retail space across Europe and Asia Pacific. Previously, Juan worked in infrastructure, in the development of turn-key solutions of renewable energy projects. Juan holds an Honours Degree in Law from Granada University, an Honours Degree in Business and Economics from Glasgow University, a MSc in Real Estate Investment from Cass Business School and a MSc in Real Estate Law from ISDE University. He is a Chartered Alternative Investment Analyst (CAIA) and CFA Level III Candidate.

Andrew Williams

Director Funds Management

Andrew is an experienced advisor to the institutional investment market across the real asset sectors of real estate, infrastructure, private equity, private credit and sustainable resources. He was a Senior Vice President at Brookfield, the largest owner and operator of real assets in the world for the 6 years prior to 2017. Prior to joining Brookfield in 2011, Andrew was a Director at UBS Investment Bank for 5 years advising clients on private real estate strategies and raising institutional capital and a Senior Associate at Pinnacle Property Group for 9 years, a leading specialist real estate adviser in the Australian institutional investment sector. Andrew has a Graduate Diploma in Property from RMIT, and a Graduate Diploma with Distinction from the Financial Services Institute of Australasia (FINSIA). He is an Associate of the Australian Property Institute, a Fellow of FINSIA, a qualified Valuer and past Chairman of the Industry Leadership Group of the Property Council of Australia (PCA).

Kaylene Wood


Kaylene is responsible for operations support and office administration at Madigan Capital. She has been with Madigan since inception and, prior to this, at the investment firm co-founded by Michael Wood in 2006.

Michael Wood


Michael is a founding partner of Madigan Capital and has been in the real estate construction, development and investment management industry for over 30 years. In the decade prior to co-founding Madigan, Michael was a founding partner of a global specialist real estate debt investment management firm and during this period the firm invested more than US$12bn of client capital. Prior to 2005 Michael was, for more than a decade, Group Executive at Lend Lease Corporation in project and structured finance based, at various times, in Australia and the United States. At Madigan, Michael is responsible for overall group operations, strategy, client liaison, origination, deal structuring, commercial due diligence, deal execution & risk management.

Justin Pelly

General Counsel

Justin Pelly is a specialist banking and finance lawyer. Justin joined Madigan Capital as General Counsel in July 2019. Prior to joining Madigan Capital, Justin was a senior banking partner in the Sydney office of international law firm Herbert Smith Freehills for over 20 years. His key practice areas covered corporate finance, property finance, acquisition and leveraged finance, debt capital markets and derivatives. As General Counsel at Madigan Capital, Justin is responsible for transaction structuring, legal risk analysis, compliance and execution in relation to the company’s secured and unsecured real estate financings and investment management mandates.
Madigan Capital Pty Ltd
1 Farrer Place Sydney NSW 2000