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Jonathan Shapiro

Once reluctant, super fund giants are flocking to private credit

If they can find investments that earn close to double-digit returns with reasonable reliability, they’re happy to scale up – which is precisely what they’re doing.

Jonathan ShapiroSenior reporter

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Once a year, billionaire Anthony Pratt’s Visy and The Australian Financial Review host a gathering of policymakers, super funds and bankers.

The purpose is to explore ways for the $4 trillion pool of superannuation to provide more debt capital to Australian businesses and projects while also providing members with stable, reliable returns from the earned interest. In essence, it is to promote the growth of direct lending or private credit.

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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

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    Original URL: https://www.afr.com/companies/financial-services/once-reluctant-super-fund-giants-are-flocking-to-private-credit-20240721-p5jv8l