Today
Billionaire Lederer family go big in private credit as loans hit $200m
A decade after selling their Primo smallgoods empire to Brazil’s JBS, the family is building a new business and extending loans to property developers.
Yesterday
Cbus Property steps up as white knight for Sydney’s ‘Halo’ tower
The Sydney CBD site hosts an ambitious proposal for a 55-storey hybrid timber. But the plan brought with it considerable financial obligations.
This Month
Singapore’s CapitaLand aims high with $20b funds target in Australia
The Singaporean giant has brought on board two former investment bankers to steer its plans to turbocharge property business in Australia.
La Trobe Financial’s plan to double to $55b by 2030 is simple maths
As Brookfield prepares to put the asset manager on the sale block, CEO Chris Andrews reveals his plan to grow from $20 billion to $55 billion in five years.
The ASX’s private credit funds are lending money – to themselves
The so-called manager loans include financing at a cheaper rate than other customers, with restrictions on its use being loosened over the years.
Meet the ex-con behind this $400m private credit business
Kalpi Prasad is riding Australia’s private credit wave, drawing on a troubled past to serve clients who don’t fit neatly into traditional financing.
Lenders warm to residential projects as boom looms
A renewed appetite for construction is leading banks to lower their pre-sale requirements for projects, a shift from their previous more conservative stance.
Fix the shrinking ASX before private markets, brokers urge ASIC
The corporate regulator is mulling feedback from almost 90 submissions on its review into Australia’s capital exchange.
Metrics, Odus pair to develop $290m Gold Coast tower
Lower borrowing costs and more confidence about building costs is creating opportunities to tap the greater demand for housing, financier says.
Betashares to expand into private credit after ETFs hit $50b
The exchange-traded funds giant, backed by Singapore’s Temasek and Boston-based TA Associates, sees a big opportunity at the polar ends of the market.
Anxious wait for ASIC’s private markets, IPO shake-up
The regulator should clarify its policy positions this year, rather than letting the talkfest drag on. Some clues should emerge this week.
May
‘I don’t take it personally’: Metrics raises amid private credit scrutiny
Andrew Lockhart understands the spotlight his firm and his sector are under, but says private credit demand remains strong.
‘A lot of wealthy families have been broken up because of the money’
The bond shared by the daughters of Westfield’s John Saunders was not always a given, but it’s helped shaped the future of the new Terrace Tower Group.
Risky real estate deals are giving private credit a credibility problem
The boom doesn’t have to become the next cautionary tale in financial services. But that outcome needs honest self-assessment from lenders and robust regulation.
Metrics says higher disclosure could hurt private lenders
The private credit lender told delegates at the Morningstar Investment Conference that the sector shouldn’t have higher disclosure standards than the banks.
Brookfield spearheads La Trobe’s push for listed private credit trust
The Canadian giant, which is reeling from its disastrous investment in Healthscope, is taking the asset management and lending group into listed markets.
ATO applies to wind up distressed debt provider Archibald Capital
The tax office made the application on Monday afternoon after lodging a tax default notice on the company.
Why Morningstar’s CEO says your returns are heading lower
Kunal Kapoor sees a convergence of public and private markets that will benefit retail investors. But he also warns them to lower their expectations.
MA Financial teams with Sumitomo Mitsui, Monroe for $1.7bn US play
MA’s head of credit says smaller lenders that have rushed into private lending may struggle to survive amid a need for diversification.
Adgemis fights bankruptcy while holed up in a billionaire’s Bondi pad
The former KPMG dealmaker turned pub owner has lost a key court battle and is trying to stave off eviction from his family’s home in Sydney’s eastern suburbs.