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.
Regal Partners
ASX:RPL
The Regal-owned private credit fund manager’s credit losses increased while its performance and loan management fees have dropped.
It was tale of two Australian alternative asset managers on the ASX on Tuesday, with Regal shares rising and HMC stock falling in the wake of their results.
The data centre unicorn’s claims about cooling tech, land and energy use have shifted fast. Bulls say its because AI is moving at warp speed, but others aren’t convinced.
It's had a difficult year, but Regal's bet on the now $2 billion company has proved spectacularly successful as it looks headed for index inclusion.
Exclusive research suggests top corporates — not just SMEs and real estate developers — are seeking private credit funding instead of traditional bank loans.
The hedge fund manager says there have not been redemptions as a result of its bungled biotech bet, and in fact it has experienced inflows.
Regal Partners is under pressure after its $220 million Opthea stake soured, dragging down its share price, unsettling investors and derailing its ASX 300 hopes.
The hedge fund's CEO has moved to quell concerns after it emerged that portfolio managers and traders are facing a steep financial hit from a disastrous biotech bet.
Merricks Capital has settled one of its most high-profile loans — Melbourne Place Hotel — and says workouts are a feature of private credit, not a bug.
Timber waste recycling company Altus has rejected Mitsui’s claims that it suffered loss or damage due to failed shipments linked to the company’s collapse.
Analysts have accused the fund manager and its advisors of mishandling deal talks after a potential acquirer walked away. Now it must stop the bleeding — or face a fire sale.
Mitsui says its financial claims against defunct timber-waste recycling company Altus should “rank ahead” of any dispute lodged by one of Phil King’s Regal funds, court documents show.
One of Regal's funds is pursuing a Federal Court dispute linked to the collapse of timber waste-recycling company Altus Renewables.
Phil King's Regal is still being viewed as the most logical acquirer of 'basketcase' fund manager Platinum, despite a formal rejection of its offer, and the interest of rivals.
Challenger Group has also been linked with Platinum after Phil King's Regal Partners put the embattled global fund manager firmly in play.
