Perpetual Private looks offshore as local private credit market lags
CIO Kyle Lidbury says private credit opportunities are stronger offshore — and warns Australia’s immature market must watch for creditor-on-creditor violence.
Perpetual Private is looking offshore for private credit opportunities, having deemed the Australian market too immature.
Speaking to Capital Brief, Perpetual Private chief investment officer Kyle Lidbury said the firm had been investing in private credit for around 17 years and preferred offshore markets, given the relative youth of the Australian market.
'The team primarily invests in US and European private credit, where markets are deeper, more mature and offer a broader set of opportunities.
Lidbury said one challenge in Australia was the imbalance between high investor demand and limited deal supply.
