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There’s a private credit boom, but Australian pioneers keep selling out

The sale of Wingate to CapitaLand marks the third big buyout of a private credit shop this year. Are founders picking the top of the market or is it a play for bigger growth?

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It’s hard to walk down Collins Street or through Martin Place without meeting a financial adviser, chief investment officer or asset consultant telling you that we’re in a golden age of private credit.

Australia hasn’t missed out on this global boom. According to numbers from Preqin and the Australian Investment Council, Australia’s private capital market grew 33 per cent in the 18 months to April, while assets under management reached $139 billion.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/chanticleer/there-s-a-private-credit-boom-but-australian-pioneers-keep-selling-out-20241216-p5kyr7