Private credit

The private credit giant is embarking on an ambitious push into consumer lending in a bid to increase its scale and diversify its offering for investors.

The two investment giants have said that while valuation disclosure is needed, ASIC needs to define the purpose of why the valuation is needed.

As the “TACO” trade calms markets, private debt demand is driving down funding costs for smaller lenders like MONEYME amid global volatility.

It's often said that 'the stock market is not the economy'. But what about private markets? Regulators are trying to figure them out.

Chair Joe Longo says private market operators will be forced to divulge more information about valuations and fees for private market deals by the end of the year.

Head of private markets Martin Randall says private credit loan fees lack transparency, creating conflicts of interest and leaving investors in the dark.

"When you're borrowing at 12% to 13% in a good economy, that cannot be high quality credit", the global equity manager told retail investors.

Just one month after launch, the US middle-market joint venture with Monroe Capital and SMBC has already written several loans in 'boring' sectors.

The family office is overweight on private credit but prefers to originate its own loans or co-lend rather than invest in funds.

One of the country's largest multi-family office managers says there are significant shifts underway in how the country's wealthiest families are allocating capital.

Exclusive research suggests top corporates — not just SMEs and real estate developers — are seeking private credit funding instead of traditional bank loans.

The company will look to add more private market affiliates and its managing director Ian Macoun says Metrics Credit Partners has a lot more room to grow.

The fund manager, which controls $3 billion in assets, has filed regulatory paperwork for a new private credit vehicle.

The millionaire factory is no stranger to changing tack in search of higher returns. This time around, that means shifting a lot of money into private markets.

Macquarie Group has exited its public markets business in Europe and the US to free up capital for expansion in private markets and alternative assets.

The corporate regulator warned there "will be more failures in private credit investments, and Australian investors will lose money".

Private credit veteran Ryan Donnar says discipline is key as new lenders flood the market and risks mount in a sector chasing fast growth and high returns.

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

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.

Income Asset Management is giving private clients access to DAZN’s Foxtel loan by facilitating loans through syndicated debt deals.

Distributions from private credit funds are showing more resilience than private equity, attracting investors despite ongoing concerns around asset quality

Strano says investors should withdraw from private credit if valuations don’t reflect reality, warning the market is showing signs of stress.

The CEO of one of the country's oldest wealth advisers has rushed to defend private credit manager Metrics after it was caught up in concerns about the asset class.

A deluge of private credit loans written during COVID will soon need to be refinanced at much higher rates — or restructured.

One of Australia's largest insolvency and restructuring firms, McGrathNicol, said it has started to receive inquiries from private credit investors on how to manage distressed assets.

The popularity of private credit assets has caught the eye of regulators but MA Financial and Metrics Credit Partners say concerns are overblown.