Private credit
There have been few startup winners from the government’s planned capital gains tax changes. Bitcoin lender Block Earner thinks it could be one of them.
The Regal-owned private credit fund manager’s credit losses increased while its performance and loan management fees have dropped.
ASIC has set its sights on how individual investors are accessing the booming private credit asset class via managed account platforms.
ASIC has been visiting offices and rifling through documents for further information at some private credit funds. Market participants say its a necessary step.
The corporate regulator has ramped up its scrutiny of some firms in the booming sector following an initial wave of surveillance last year.
The star adviser behind Viola Private Wealth may have his critics, but that comes with the territory. He says one factor has been the “absolute key” to his success.
Shemara Wikramanayake says comments by former Goldman Sachs CEO Lloyd Blankfein and Citrini Research underscore the jitters in markets which have led to outflows at Blue Owl and Blacksone.
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.
Australian private credit funds say they can sidestep the downturn hitting the sector in the US because they lack exposure to software companies being hit by AI.
Revenue at the GP-staking business is soaring, but its CEO is busy reassuring the market that jitters over its largest shareholder, New York private credit giant Blue Owl, are irrelevant.
Shares in the alternative asset manager fell by around 10% in response to its “pretty solid” full-year results, with the downward move puzzling its co-CEO.
They're common in private equity and venture capital and now coming for private credit, but they could make the booming asset class even more opaque.
Private credit funds are focused on improving their credit systems and governance and are making AI hires to cope with the increased workflow.
The outgoing ASIC chair warns that technology and relentless financial advertising are leaving Australians overwhelmed and making poor investment choices.
Private equity giants KKR and Brookfield are pushing deeper into private credit, bringing highly leveraged, flexible deals that offer fewer protections for lenders.
The troubled fund manager feels it is fait accompli on losing its listed commercial property fund to family office the Lederer Group.
The big banks are stepping back into the commercial real estate lending space, creating more competition with lenders.
The widely touted claim that private credit is 'uncorrelated' from public markets is being questioned.
The New York fund manager will list its $300 million infrastructure debt note on the ASX today as it looks to soak up some of the $40 billion in capital that will be released from bank hybrids.
BlackRock, T.Rowe Price and Wilson Asset Management have all warned that as AI builders turn away from free cash flow and towards riskier funding sources for infrastructure, it could pour fuel on the fire.
Exclusive research by East & Partners and Capital Brief has found that private credit take up by corporates is surging, despite growing regulatory scrutiny of the sector.
In a rare show of openness to regulation, private credit funds say ASIC’s push for more transparency could go even further.
