Finance and markets

The Virgin Australia float always appeared geared for short-term success — but over the long term, it's a very different story.

Continuation funds, which allow VCs to transfer portfolio companies that have not yet exited into new vehicles are growing in popularity as companies stay private for longer.

Goldman Sachs and Morgan Stanley helped it sell more than $1.5 billion in stock last year. But time around, Canva is handling its latest secondary on its own.

While all eyes are on Virgin, another new listing on the ASX this week will push the amount raised by private credit funds beyond $1 billion. And there's more to come.

As banks chase efficiency and direct customer relationships, AI agents are emerging as a possible lever for transforming lending, advice and digital commerce.