ABOUT CLOVERLEAF
Cloverleaf's team shares a deep-seated belief that an equitable society and a sustainable future should be enjoyed by all. This comes out in our passion for Community Housing and Energy Transition projects
OUR MISSION
Provide affordable Community Housing
Our mission is make housing more equitable for vulnerable Australians:
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Australian housing affordability has declined significantly since the early 1980s. Since 1980, capital city house prices have risen 11-fold, while the price of everything else has risen by about 4.7 times. The ratio of average house prices to average household disposable income has more than doubled over the last thirty years from around 3 times to around 6.5 times.
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The University of NSW estimates the unmet social housing need in Australia is 437,000 dwellings while the unmet affordable housing need is 213,000. And as a by-product of COVID, many low-income Australians have had to move away from the suburbs and towns they've called home all their lives.
Decarbonise Australia
Our mission is to decarbonise Australia by facilitating its energy transition:
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Without urgent action, the average global temperature could rise between 3 and 6 degrees Celsius by 2100, which would likely be disastrous. The Asia Pacific region is the largest emitter of CO2, producing over half the world's emissions. Australia's CO2 emissions rose by 78% increase since 1980.
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Energy is the largest source of global emissions at above 60%. Energy-related emissions are estimated to continue to grow by 78% by 2050 if significant action isn't taken.
WHY CLOVERLEAF
Combining over 100 years of experience funding social infrastructure and renewable energy assets in Australia and abroad.
We focus on community housing and energy transition because we care about building fair, sustainable communities which residents take pride in.
OUR GREAT PEOPLE
Meet our team: full of energy and commitment and driven by a shared drive to make an impact in Community Housing and Australia's Energy Transition
Sean Nunan
Managing Director
Sean has over 25 years infrastructure investing and project finance experience including as a Managing Director for Macquarie Group and latterly responsible for Community Housing and Energy Transition sectors at John Laing in Australia.
Sean has completed numerous social infrastructure investments including Community Housing, acquiring the Green Investment Bank in the UK, 6 hospitals, Southern Cross Station, County Court of Victoria, NSW Police Headquarters and 9 schools.
Lillian Kline
Chief Impact Officer
Lillian is the CEO of Impact Outfit, which works closely with impact investors, businesses and family offices to help maximise the ESG benefits from a project or company. Previously whilst with Impact Investment Group, Lillian was Head of Client Engagement and Head of Investor Relations. Lillian acts as Cloverleaf’s Impact Officer to ensure we make as large an impact as possible within the confines of meeting our required returns.
Michelle Di Fabio
Partnership Manager
Michelle Di Fabio is passionate about social impact and responsible investing. Michelle is the Managing Director of Strategic Global Advisory, consulting across the pension, social impact and higher education sectors. Michelle formerly worked for the Principles for Responsible Investment (PRI) and is the former Head of Strategy for Hostplus Super. Michelle supports Cloverleaf as a Partnership Manager, deepening investor relationships and partnerships.
Barmak Amini
Advisory Board Director
Barmak is the Investments Director and a member of the leadership team at Hickory. Prior to this he was the Chief of Staff to Australia’s Housing Minister and Assistant Treasurer. Barmak’s prior roles include infrastructure investment and asset management roles with Hastings Funds Management, Victorian Funds Management Corporation and in project financing with Macquarie Capital across multiple jurisdictions.
David Stegehuis
Principal
David has 23 years of infrastructure experience across project origination, investment management and funds management Since 2007, David has specialised in the energy sector. He has completed dozens of transactions for renewable energy assets and businesses. David also has significant greenfield experience and commercial operational experience including restructuring businesses such as Pacific Hydro and more recently as CFO of ZEN Energy.
Ross MacLeod
Investment Associate
Ross joined Cloverleaf in 2023, having joined after 6 years corporate finance experience at UBS within their power, utilities. Ross experience also includes 3 years as a Senior Associate within the project and structured finance team at Citi, working on debt advisory and capital raising mandates across multiple sectors and different geographies in APAC. Ross' career also includes roles at Macquarie Group and Fitch Ratings.
Jim Theodore
Chair, Advisory Board
Jim has been a partner at Herbert Smith Freehills for nearly 30 years and is currently a Senior Adviser with the firm. Jim has numerous decades of experience across greenfield infrastructure projects in Australia and internationally. This has been with a focus on social infrastructure, including health, public services, public utilities, energy, transport, and water projects, as an advisor for both private investors and Governments.
Simone Rouse
Advisory Board Director
Simone is Partner, Head of Portfolio Solutions and Responsible Investment at Mutual Trust – leading a range of services, including Responsible Investing and associated portfolio offering across all asset classes. Prior to Mutual Trust, Simone was Head of Investment Management for UBS Australia. Simone's earlier career was in equity research sales with Goldman Sachs and Credit Suisse.
Community Housing and Energy Transition were the sectors Sean Nunan, Cloverleaf’s founder, was responsible for whilst working at his previous employer, John Laing. When Cloverleaf commenced business in August 2022, it was to expressly focus on these areas. Sean has over 25 years experience structuring, financing and investing in social infrastructure and renewable energy projects which have had a high impact on their respective communities. A notable highlight was acquiring for Macquarie Group the Green Investment Bank from the UK Government in 2017. Sean was also previously a director on the board of Australia's second largest Community Housing Provider, Housing Choices Australia, and been involved in the acquisition and funding of some of the world's largest renewable energy projects.
ORIGIN STORY
