Updated
Regal Partners goes big on private debt after buying Merricks Capital
Jonathan ShapiroSenior reporter
Updated
Regal Partners, the ASX-listed alternative asset manager, has made a big bet on private credit with the $235 million acquisition of Melbourne lender Merricks Capital.
The transaction will lift assets under management by almost a quarter to $15.1 billion and increases Regal’s exposure to one of the industry’s fastest-growing sectors – private credit. Merricks is a prominent private lender with $2.9 billion of assets.
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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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