One of the country's largest private credit operators has released new financial data on the eve of highly anticipated new guidelines from the corporate regulator.
Private credit
ASX-listed Pengana International Equities has failed in attempt to alter its investment mandate to allow it to deploy funds into the private credit asset class.
ASIC’s crackdown on disclosure and governance in private credit is weeding out the weak, and that’s exactly what SMSF investors should want.
Longo has been meeting with US market leaders and takes comfort in knowing Australia isn’t alone in facing a shortage of IPOs.
Global investment giant Mercer tried to redeem funds from a private credit investment that went south in 2017. It's still waiting to get its money back.
Pillemer says he is shocked at moves by Wilson to block a Pengana LIC from investing in private credit. Wilson says the fund has underperformed for a decade and must improve.
Shares in the alternative asset manager soared after its annual results, with its booming residential mortgage business the standout.
The executive at the centre of a takeover tussle involving one of Sydney's prominent family offices has made his most candid comments on the situation to date.
Metrics Credit Partners is planning a new wave of funds to expand its private credit offerings, even as regulatory scrutiny and risk concerns continue to grow.
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".
Fashion brands, religious groups, pie shops, charities and RSL clubs are parking millions of dollars in private credit vehicles run by the market's biggest managers.
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.
Woodbridge co-founder Andrew Torrington says Metrics was "smashed" over Rockpool, despite providing the kind of transparency regulators want from private credit funds.
As banks pull back, private credit is stepping in — funding non-bank lenders across niche sectors and driving a shift in Australia’s lending landscape.
