John Wylie's Tanarra looks to capitalise as private credit boom reaches Australia
Private credit is in a sweet spot globally but still in its infancy in Australia, with a small handful of players dominating dealflow.
Private credit is in a sweet spot at the moment, with return-hungry investors boosting demand for high-yielding products and regulatory restraints forcing banks out of riskier lending.
The private credit boom is proving lucrative for global alternative asset managers like KKR, Blackstone and Ares, which are reaping big returns. In Australia, the players might be different but the dynamics are similar, but with just a few big players dominating private credit dealflow.
One of them is Tanarra Credit Partners, the direct lending arm of the John Wylie-led investment firm which manages $3 billion for super funds and other investors.
Graham Lees, a managing partner at Tanarra Credit Partners, says demand for acquisition financing in Australia easily outweighs the number of lenders available to supply it.
