Non-bank lenders turn to private credit for flexible funding
As banks pull back, private credit is stepping in — funding non-bank lenders across niche sectors and driving a shift in Australia’s lending landscape.
Private credit in Australia is playing an increasingly significant role — not only lending where banks won’t, but also financing non-banks that are in direct competition with the major lenders.
These non-banks often target niche sectors such as auto finance, where they can compete effectively, rather than vanilla mortgage lending, for example.
“We are seeing rising demand from specialist lenders, who are scaling rapidly but need flexible and fast-moving funding partners,” GCI (Global Credit Investments) CEO Ben Skilbeck told Capital Brief.
“In asset-backed finance, activity has been concentrated in the non-bank lender segment – everything from auto finance, SME lenders, and specialist construction finance – along with selected equipment finance opportunities.”
