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Since 2001, RW Capital has honed its reputation as one of Australasia’s leading alternative  investment firms. Success is in our DNA. With the White Family as majority share owners—in partnership with our Executive Team—RW Capital boasts a distinct advantage over other industry players: unrivalled collective expertise augmented by access to our family’s extensive network of real estate agencies, experts and real-time data. We harness this unique intellectual property, as well as our far-reaching network of established relationships, to deliver value for our clients and partners.

We are 18 focused, industry-leading professionals with a collective 300 years
experience delivering billions of dollars in deals for our partners.


The White Family and its network (Investment Committee, RW Capital Executive Team, RW employees) invest in all transactions, with internal co-investment ranging from 10-30% of each investment.


Across the capital spectrum, from first mortgage, mezzanine, preferred equity and across all property sectors (commercial, retail, industrial, residential, pubs/hotels).


We take a property-first approach to all transactions, from initial investment decisions to execution. By pursuing the best outcome for the property above all else, RW Capital balances competing stakeholder interests.


We tailor solutions across the capital spectrum to achieve the best outcome for our partners.


Access to Ray White agents at a suburban level in Australia and New Zealand provides RW Capital with intricate details regarding diverse projects, as well as agents’ invaluable local acumen, insights, instincts and observations.

Corporate profile

We are 17 focused, industry-leading professionals with a collective 300 years’ experience delivering personalised, insightful and results-driven fund opportunities.


We can move quickly for our partners whilst utilising our deep expertise to undertake thorough due diligence.

RW Group/ Loan
Market Capabilities

Insights from Ray White Group aid the assessment of all investments, while the Group’s experience across every facet of our business (development, sales, valuations and leasing capabilities) means it can step in and deliver a project if necessary.


With Ray White’s global network of over 1,000+ agencies, RW Capital benefits from unrivalled real-time data, which serves as a key input in investment decisions.

rw Capital


Dan White


Dan established RW Capital in 2001 and holds a seat as a Director of the White Family Group. He brings extensive experience in the acquisition, financing and management of investment-grade real estate in a wide variety of asset classes and across the property cycle. His expertise and relationships span the property markets of Australia and Asia, and his clients include significant private interests across the region.


Sean Walsh

Senior Advisor | Investment Committee Member

Sean has over 25 years of experience in investment banking, equity and debt capital markets and private equity at Goldman Sachs and Citigroup. He brings in-depth expertise in valuation, transaction structuring, due diligence, capital raising, financial markets, stakeholder management and corporate governance. Throughout his investment banking career, Sean has been involved with, and led, some of the largest and most complex corporate and capital market transactions across Australia and New Zealand. Prior to joining RW Capital, Sean held various senior positions at Goldman Sachs including Managing Director and Co-Head of Financing for Goldman Sachs Australia and New Zealand, Board Member of Goldman Sachs Australia, a member of the Goldman Sachs Asia Pacific Commitments Committee and member of the Goldman Sachs Australia Operating Committee.


Andrew Jamson

CFO and Trustee, White Family Office | Investment Committee Member

Andrew is RW Capital’s Chief Financial Officer. He is responsible for managing the White Family Office representing the investment interests of the broader White Family. Andrew was formerly Chief Operating Officer of real estate company, CB Richard Ellis (CBRE) Asia Pacific, and has over 40 years of experience in property and finance.


James Hodgkinson

Senior Advisor | Investment Committee Member

James joins RW Capital with extensive real estate experience across all sectors. He has worked as a principal in the establishment and growth of the Macquarie Group’s Real Estate Investment Management business where he held the position of Executive Director and Business Head. Throughout his over 30 years of experience in the industry, James successfully led transactions in many aspects of the real estate value chain in multiple sectors across Australia, Asia and the United States.


Stephen Girdis

Senior Advisor | Investment Committee Member

Stephen has over 35 years of experience in real estate asset management, financing, development, investment banking and chartered accounting, working primarily with the Macquarie Group. He has held various senior positions including Executive Director of Macquarie Group, Global Head of Real Estate and Chairman of Real Estate at Macquarie Group. He has also served as Chairman and Director of related ASX and SGX listed entities. During his leadership, global assets under management (including partnerships) grew tenfold to over $A30 billion.
He was closely involved with the growth of Macquarie’s Asian real estate platforms, including joint ventures with Wanda Group, Munich Re, Pacific Star, Goodman Asia, and Pan Asian real
estate private equity investment through MGPA and Schroders Asia property. Since retiring from Macquarie in 2012, he has been co-investing with and/or advising Australasian real estate companies



Non-Executive Director | Investment Committee Member

Hugh has been a member of the White and Partners board since 2006. He has extensive governance and investment experience in privately held businesses across a range of industry sectors, including membership of Risk and Compliance, and Investment Committees of regulated entities. Prior to 2006, Hugh’s career spanned over 30 years, including 20 years as a corporate tax partner at PwC where he also held leadership roles within the firm.



Chief Executive Officer
George became CEO of RW Capital in 2016. He originally joined the business in 2007 and worked closely alongside Dan White (founder) through the Global Financial Crises. During this time George worked through complicated workouts as well as acquiring investments at a steep discount.
Since becoming CEO, George has overseen the growth of RW Capital’s business, including the deployment of over $3.5 billion across direct lending, LBO’s and property private equity ventures.

Steven Bougoukas

Executive Director

Steven has over 18 years of real estate finance experience across all sectors including office, retail, hotels, residential, land and industrial industries. He has been involved in major transactions across development and project finance, acquisitions, and refinancing. Steven held various senior roles within ANZ Banking Group’s property division with his last role overseeing the Corporate Property team across NSW, ACT, QLD and NT. During his time at ANZ, Steven was involved in managing some of the largest property groups including various listed REITs, international investors, and private property development groups. Since joining RW Capital, he has become an integral part of the Management Team. He oversees the execution of new transactions, management and oversight of existing investments as well as the legal and compliance functions within the business. Steven is also a lecturer at the University of NSW for the Property Finance and Investment course


David MaO

Executive Director

David is a member of the Institute of Chartered Accountants Australia and has been a part of the RW Capital team since 2016. He has previously worked with Greenstone Partners in the corporate finance team and Macquarie Capital in real estate investment banking. David’s experience includes financial valuation, deal structuring and due diligence.


Ben Kirby

Executive Director

Ben has 15 years of commercial real estate experience across residential development, asset management, commercial brokerage, real estate investment and financing, and debt and equity origination. Ben previously worked within the Capital Markets teams at CBRE and Colliers prior to joining the Ray White Group in 2016. Ben has extensive transactional experience across office, retail, mixed-use and residential development sites, acting for a range of corporate, institutional, government and private clients. Since joining RW Capital in 2019 Ben has been responsible for deal origination across the group’s debt and equity businesses and ongoing management of the group’s portfolio.


Matthew Falk

Vice President

Matthew joined RW Capital in 2020, having previously worked at McKinsey & Company where he was a management consultant for two years. Prior to McKinsey, Matthew worked for Goldman Sachs’ Securities division in Hong Kong and Sydney. He holds a Bachelor of Commerce and a Bachelor of Economics from the University of New South Wales.



Senior Associate

Kevin joins RW Capital from Citigroup where he worked in the investment banking division focusing on mergers and acquisitions, equity and debt transactions.
He holds a Bachelor of Commerce from the University of Western Australia.


Dominic Wild

Investment Analyst

Dominic joined RW Capital in 2021 with previous experience as the Acquisition Manager for Kinkera Community, a private disability housing provider operating within the NDIS. In the role, he acquired and developed residential properties throughout Australia for individuals with a range of intellectual, neurological or physical disabilities. Prior to that, he was delivering a range of residential and industrial developments with Fiducia Property Group. Dominic holds a Bachelor of Property Economics and a Bachelor of Sport and Exercise Management from the University of Technology, Sydney.



Head of International Capital Markets

Matthew has 18 years of experience in Asian investment banking and prior to joining RW Capital, spent the last seven years as Deputy General Counsel of JP Morgan Hong Kong, the leading Asia-Pacific legal team in corporate derivatives, structured products and prime services. His experience during the time included coordinating industry discussions on key regulatory consultations. Prior to JP Morgan, Matthew spent five years with the Bank of China International (BOCI) group developing the Chinese capital markets, RMB internationalisation, pre-I PO financing and share placements. Matthew advised BOCI on HK government’s inaugural HKD20B sovereign bond and BOC’s USDll.5B global H-share offering. Matthew also worked for six years with the Mitsubishi- UFJ Group on capital markets transactions in Singapore, China, Korea and Southeast Asia, arranging sovereign loans, currency and interest rate swaps and debt restructurings.



Joseph Kinshela

Group Financial Controller – Ray White

Joseph is the Financial Controller at RW Capital and White & Partners, and brings with him over 20 years of leadership, financial management and accounting experience. Prior to RW Capital and White & Partners, Joseph was Senior Manager in the audit division of EY. Joseph has a Bachelor of Business majoring in accounting and finance, and is a member of the Institute of Chartered Accountants in Australia and New Zealand.


Robert Aunalla

Finance Manager

Robert joined RW Capital in 2020, and brings with him numerous years of accounting experience working in the private equity, management consulting and business restructuring sectors. Prior to this, Robert spent two years working in the private equity sector in the United Kingdom, where he was responsible for the investment monitoring, treasury management and fund accounting of the funds under management. Prior to that, he worked in public practice in Australia, with a focus on management consulting and business restructuring. Robert has a Bachelor of Business from the University of Technology Sydney and is a member of the Institute of Chartered Accountants in Australia and New Zealand.


Efren Jr Lorenzo

Financial Accountant

Prior to joining RW Capital in 2021, Efren spent three and a half years at Nexia Australia working in the Audit and Assurance Division, where he completed financial audits and reviews on various companies ranging from large ASX listed to small not-for-profit entities. Efren has a Bachelor of Business from the University of Technology, Sydney and is also a member of Chartered Accountants Australia and New Zealand.


Adam Lord

Assistant Accountant

Adam joined RW Capital in 2021 bringing with him seven years of accounting experience working with companies such as Herbert Smith Freehills, Australian Turf Club and The Salvation Army providing financial support and solutions. Adam has also worked in the United Kingdom where he developed management accounting skills while working in the construction industry.


Kirsty Bartter

Executive Assistant

Kirsty has been a part of the RW Capital team since 2021. She brings a diverse range of experience from her Executive Assistant roles in real estate, marketing, and construction. Kristy has also worked in the NFP sector across events and sponsorship.

Michelle Muir

Executive Assistant to Dan White

Michelle joined RW Capital in 2022 and brings with her a wealth of experience supporting a diverse range of CEOs, Co-Founders and HNWIs and their families.

Data team


NERIDA Conisbee


Nerida is RW Capital’s Chief Economist and one of Australia’s leading property experts. She brings over 20 years of property research experience to the team and has held senior positions within commercial agencies and major consulting firms throughout her career. Nerida’s stellar industry experience includes holding the seat of Deputy Chair of the Construction Forecasting Council and being a member of the Australian Taxation Office’s Foreign Investment Stakeholder Group. She is also on the Southeast Queensland Housing Supply Expert Panel and provides expert advice on property market conditions to major Government bodies.

Vanessa Rader

Head of Research

Vanessa is the Head of Research for the Ray White Group, working with the White family to grow expertise in the commercial market. Vanessa has over 20 years’ experience in property, the majority of which in the field of property research having worked in senior roles at JLL, CBRE, LandMark White and Knight Frank. Her expertise is across all asset classes nationally, including office, industrial, retail, hotel, residential and special uses such as medical and childcare. Vanessa is known for first to market, niche property research and regularly commentates in the media. Having completed a Bachelor of Commerce in Property Economics and Masters in Property Development, Vanessa was the recipient of the API Young Achiever of the Year award in 2005 and their Meritorious Service Award in 2013.