Balmain Corporation, a major provider of private credit, says it is raising new funds to finance companies that fail ESG tests, describing it as an enormous opportunity as risk-averse banks exit those sectors.
Balmain’s new fund, known as the Eagle Series, will extend loans to companies such as those supplying equipment to coal miners and other industries struggling for finance, like pubs.
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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
