MaxCap, a local private credit firm backed by Apollo Global Management, has told investors that it was owed $70 million over a failed Melbourne commercial property development that was ultimately put on the market and managed to secure a bid of only $68 million.
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
