John Wylie’s Tanarra Capital is tapping into superannuation funds’ and family offices’ insatiable appetite for private credit, launching a $1 billion fund that promises high single-digit returns by betting on the less-riskier end of Australian corporate debt.
Tanarra’s new fund comes as asset managers pile into private credit, partly due to higher interest rates offering equity-like returns.
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Aaron Weinman is a correspondent at The Australian Financial Review who covers investment banks, private equity firms and the broader capital markets. Connect with Aaron on Twitter. Email Aaron at aaron.weinman@afr.com
