La Trobe Financial was established in 1952 in Australia and initially operated as a specialist residential lender and business partnership between Kel O’Mullane and Ray O’Neill.

La Trobe Financial specialise in originating, underwriting and managing granular assets of both traditional residential and commercial mortgage loans, cash, fixed interest and bonds.

At $7.4 billion in AUM covering some 75,000 investors (15,000 from adviser platform) this has proved extraordinarily successful due to the sheer scale and critical mass the Asset Management arm now delivers.

[5] La Trobe Financial has perhaps the most diversified real estate credit lending program of all peers operating in Australia incorporating: La Trobe Financial first accessed debt capital markets in 2014 with the goal of broadening funding capabilities with an RMBS programme as one component of the Group's overall $6 billion annual new term debt funding program.

Confidence in financial institutions of all types deteriorated throughout the year, and many banks struggled to fund themselves in the interbank markets, where borrowing rates rose sharply.

In Australia, bank deposits were guaranteed[7] in October 2008 and (A$20 billion) mortgage backed bond purchase programme was introduced by the government via the AOFM.

La Trobe Financial continued their operations unblemished throughout this period and all investors and borrowers funding and investment redemption needs respectively were met without compromise.

[citation needed] On 22 December 2017, La Trobe Financial announced a strategic partnership with the sale of 80% of its operations to funds managed by Blackstone Group NYC[8] who have US$731 billion AUM.

La Trobe Financial remains 100% privately owned company, by two shareholders 80% Blackstone and 20% by interests associated with CEO Mr. Greg O'Neill (OAM).

La Trobe Financial is overseen and governed by a majority independent board of directors meeting formally each quarter to review business activities.

Recipients include the Australian Red Cross, the Salvation Army, the Epworth Hospital, Literacy for Women Campaign, Bell Shakespeare Company Sydney, UpHold & Recognize, and Lifeline Australia.