Street Talk

UniSuper withdraws Tanarra Credit Partners’ mandate; dealmaker resigns

Sarah Thompson, Kanika Sood and Emma Rapaport

Updated Oct 3, 2024 – 6.25pm, first published at 11.04am

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Veteran dealmaker John Wylie’s Tanarra Capital has hit a hurdle on its mission to replicate the firm’s stock-picking success in the booming $200 billion market for private credit deals.

Street Talk can reveal UniSuper, the $135 billion Melbourne-headquartered superannuation fund, has yanked a multi-million mandate from Tanarra Capital Partners, the private debt business Wylie set up seven years ago. Sources said the industry fund giant was consolidating its own strategy towards the bigger end of town.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.