Keyvest Capital

About Keyvest Capital

Property people, doing private credit properly.

Keyvest Capital was founded on a simple observation: the major banks have stepped back from sub-$10m development lending, and the developers filling that gap deserve a lender who actually understands their projects.

Our story

A joint venture, built on real property experience.

Keyvest Capital was formed as a joint venture between Keystone Property Funds and Vesta Funds Management — combining the property development, valuation and asset management depth of Keystone with the funds management, capital raising and compliance infrastructure of Vesta. The two firms had already worked together on individual transactions; Keyvest formalised the partnership into a single private credit business.

Our directors have built, valued and managed real estate at every level of the market — from $1m subdivisions to $600m commercial assets — across listed and unlisted property funds, institutional banking, and private development. That experience shapes how we lend. We see a feasibility the way an operator sees it. We know what's achievable on a fixed-price contract and what isn't. We know which suburbs are absorbing presales and which aren't. And we know that capital preservation in property comes from disciplined site selection, not exotic structures.

We're deliberately boutique. Sub-$10m loans, all across Australia, all underwritten in-house, all monitored by people who know the market. That's the model. It's not the only way to do private credit, but for our investors and our borrowers, it's the right one.

Our directors

Four directors. 70+ years across property and capital.

Nick Wheeler

Nick Wheeler

Director

14+ years in real estate investment, asset management and finance across Australia. Previously M/Group, Minderoo, Cedar Woods and Stockland — with hands-on involvement in feasibility, development management, financial structuring and capital management. Responsible for Keyvest's strategy and day-to-day operations.

Tim Daha

Tim Daha

Director

20+ years in corporate finance, investment and institutional banking across Australia and Asia. Has been involved in over AUD$10 billion of transactions across real estate, healthcare, mining and retail. Founder of Portier Hotel Group, a private equity hotel developer and operator with a portfolio across Indonesia, Thailand, Hong Kong and Australia.

Steve Dixon

Steve Dixon

Director

25+ years in funds management in Australia and overseas, with senior executive and director roles across listed and unlisted property trusts, mortgage funds and managed investment funds. Steve brings particularly strong skills in financial management, compliance and fund-raising, with a focus on representing the best interests of investors.

Logan Trouchet

Logan Trouchet

Director

10+ years in property acquisitions, valuations and asset management across Australia, with involvement in over AUD$600m of commercial real estate transactions across office, retail and industrial. Licensed property valuer, registered chartered surveyor and triennial licence holder, previously with Primewest, Centuria, Realside and Knight Frank.

Our values

How we run the business.

Value 01

Capital protection first

Yield comes after security. We don't fund deals that don't pass our gate, regardless of headline rate.

Capital protection

Value 02

Transparency

Plain-English terms, transparent pricing, monthly reporting, no surprises in the fine print.

Transparency

Value 03

Long-term partnerships

Our best borrowers come back. Our best investors stay. We measure ourselves on repeat relationships, not transaction volume.

Long-term partnerships

Governance & licensing

Built and run to institutional standards.

AFSL

538461 held by Vesta Funds Management Pty Ltd

Trustee

Keyvest Capital Pty Ltd as Trustee of the Keyvest Contributory Mortgage Fund

Lending entity

Keyvest Capital Pty Ltd, lending only to corporations as defined in the Corporations Act 2001

Compliance program

Annual policy review · AML/CTF and FATCA/CRS programs · monthly board reporting · formal arrears and default procedures

External advisers

Registered valuers · quantity surveyors · independent legal counsel · external auditor — engaged on every loan

Investor protections

Each loan ring-fenced as its own sub-scheme · independent solicitor's trust account flow · monthly reporting · written notification of any default

Contact

Talk to us directly.

Boutique means real people answer. Email goes to the directors, not a queue.

Office

Cottesloe, Western Australia

4/569 Stirling Highway, Cottesloe WA 6011

LinkedIn

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