The corporate regulator has ratcheted up its surveillance of the rapidly expanding private credit funds sector, where there has been a series of defaults and collapses, demanding details on governance, valuation modelling and investor protection measures by mid-April.
The Australian Financial Review is aware that multiple private credit funds have received a 20-page questionnaire sent by the Australian Securities and Investments Commission on Friday, seeking those details and giving firms a deadline of April 14 to respond.
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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
Primrose Riordan covers private companies and family offices from the AFR's Sydney newsroom. Primrose was previously a correspondent for the Financial Times and covered foreign affairs and politics in Canberra. Primrose has won multiple awards for her journalism including from The National Press Club, SABEW in the US and Press Gazette in the UK. Message Primrose on Signal: https://tinyurl.com/PrimroseSignal Connect with Primrose on Facebook and Twitter. Email Primrose at primrose.riordan@afr.com
