Australia's top corporates eye private credit funding despite ASIC probe
Exclusive research by East & Partners and Capital Brief has found that private credit take up by corporates is surging, despite growing regulatory scrutiny of the sector.
There has been a sharp increase in the number of large corporates that are getting funding through private credit despite being discouraged by regulatory scrutiny around the sector.
Exclusive research between East & Partners and Capital Brief on private credit found that 46% of Australian corporates with turnover greater than $725 million had either sourced funding through private credit or planned to do so. That is up from 39% in May and 28% in October 2024.
Private credit accounted for 8.6% of total funding for corporates that were using it and this was expected to increase to 14.3% in 12 months time.
East & Partners global head of markets analysis Martin Smith said this was a significant shift in the openness to the asset class.
