How private credit is changing the game in corporate borrowing

Private credit is becoming more prevalent in the Australian economy. It is not only changing the Australian credit landscape but also how restructurings play out.

What was once a niche amongst alternative capital in the early-2000s, private credit has experienced remarkable growth in the past decade as businesses turn to private capital as an attractive source of funding. According to the Australian Financial Review, the Australian private credit market grew from $35 billion in 2016, when the Australian Prudential Regulation Authority started increasing banking regulation, to $109 billion by the end of 2022 – a 21 percent compounded annual growth rate...

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Authors: David Hardy, Ryan Eagle,

Published Date: 26 June 2024