Terrace Tower Group
Sydney family-owned investment firm founded 1985 by Westfield co-founder John Saunders AO; invests across equity and credit, public and private markets, and real estate in Australia and the US.
USEFUL FOR Fund managers raising capital · Business owners seeking a long-term partner · Co-investors
Family & background
- FAMILY
- Saunders
- WEALTH ORIGIN
- Real estate (founder John Saunders AO co-founded Westfield)
- HEADQUARTERS
- Sydney, Australia
- OFFICES
- Sydney · New York
- FOUNDED
- 1985
- OUTSIDE CAPITAL
- No — own capital only
Investment approach
- SECTORS
- Real Estate & PropTech
- GEOGRAPHY
- AustraliaUnited States
- ROUTES
- Companies (own capital) · Funds (as LP)
- STRATEGIES
- Public equitiesPrivate creditPrivate equityVenture capitalHedge fundsReal estateDirect investments
Overview
Terrace Tower Group (TTG) is a family-owned investment firm founded in 1985 by the late John Saunders AO, co-founder of Westfield, and co-owned by his daughters Monica Saunders-Weinberg and Betty Klimenko AM; it is led by CEO Richard Weinberg from Sydney (Woolloomooloo) and New York. With a permanent capital base it invests across public equity, specialty and private credit, private equity co-investments, venture capital and hedge funds, through direct and externally managed strategies. Its real estate includes 80 William Street, Westfield Eastgardens and Supa Centa Moore Park in NSW and One Financial Centre (Portland) and 1900 Main (Irvine) in the US. It also runs capital-solutions arm TTLiquidity and the Saunders Family Foundation.
Investment thesis
Permanent capital with a multi-decade horizon and no forced redemptions, used to exploit time arbitrage across equity and credit, public and private markets in Australia and the US, with a focus on quality, alignment and asymmetric risk/reward.
Holdings & investments (5)
INVESTMENT ARMS & VEHICLES
- Fast, flexible and tailored capital solutions
- Family philanthropic foundation
HOLDINGS & INVESTMENTS · MOST RECENT FIRST
- 80 William Street (Woolloomooloo)Real Estate & PropTech
- Westfield EastgardensReal Estate & PropTech
- Supa Centa Moore ParkReal Estate & PropTech
- One Financial Centre, 121 SW Morrison (Portland)Real Estate & PropTech
- 1900 Main (Irvine)Real Estate & PropTech
People
- Bill BrownChief Investment Officer · source
- Adam ShellHead of Investments, Australia · source
- Richard WeinbergChief Executive Officer · source
- Monica Saunders-WeinbergCo-Vice Chair · source
- Betty Klimenko AMCo-Vice Chair · source
- Trevor GerberIndependent Director · source
- Robert M. Goot AO SCIndependent Director · source
- Barry NeilIndependent Director · source
- Warwick NegusIndependent Director · source
- Daniel KlimenkoDirector · source
- Brian BailisonChief Financial Officer · source
- Danny BerkovitsHead of Real Estate · source
Frequently asked questions
Terrace Tower Group is a single family office based in Sydney, Australia, founded in 1985.
Terrace Tower Group invests on behalf of the Saunders family (Real estate (founder John Saunders AO co-founded Westfield)).
Terrace Tower Group invests its own capital into companies and in third-party funds as an LP. Its stated asset mix includes public equities, private credit, private equity, venture capital, hedge funds, real estate and direct investments.
Terrace Tower Group invests in Real Estate & PropTech.
Key people at Terrace Tower Group include Richard Weinberg (Chief Executive Officer), Monica Saunders-Weinberg (Co-Vice Chair), Betty Klimenko AM (Co-Vice Chair) and Trevor Gerber (Independent Director).
Terrace Tower Group's holdings and investments include 80 William Street (Woolloomooloo), Westfield Eastgardens, Supa Centa Moore Park, One Financial Centre, 121 SW Morrison (Portland) and 1900 Main (Irvine).
No. Terrace Tower Group invests its own capital and does not raise money from outside investors.