Perpetual

Storied investment firms Soul Patts and Perpetual and hedge fund Regal have all revealed plans to deepen their exposure to the booming but controversial asset class.

The financial advice industry was decimated following the Royal Commission but now Bain, KKR, CC Capital, Oaktree and TA Associates are hoovering up what banks thought were too difficult to manage.

Perpetual's Kyle Libdury says NFP's "really need to get specialist advice when it comes to private assets...because it's wholesale, opaque and there's no lit market".

CIO Kyle Lidbury says private credit opportunities are stronger offshore — and warns Australia’s immature market must watch for creditor-on-creditor violence.

An exasperated Lafitani Sotiriou from MST Financial has taken aim at Perpetual after it admitted it spent $42 million on a failed deal with private equity firm KKR.