Private Credit Explainers
Factual, general education on how Australia's A$234.5b private credit market works — written for wholesale investors, advisers and borrowers, and kept clear of personal advice.
Private Credit vs Bank Lending in Australia
Private credit has grown into a A$234.5b market by doing what banks often cannot: moving faster, structuring around the asset, and writing loans outside standard credit policy.
READ EXPLAINERFees and Conflicts in Australian Private Credit Funds
ASIC's REP 814 put fund fees and manager conflicts at the centre of its private credit review. Here is what the common fee lines mean and where interests can diverge.
READ EXPLAINERValuations Under the Microscope: ASIC REP 814 Explained
Private credit assets do not trade on a screen, so reported returns depend on how managers value them. ASIC's REP 814 made valuation governance a front-line issue.
READ EXPLAINERReal Estate Credit: Australia's Largest Private Debt Segment
Commercial real estate debt is the engine room of Australian private credit. Here is how the common structures work and what separates prudent lending from stretch.
READ EXPLAINERCorporate Private Credit: Facilities Beyond the Banks
Beyond real estate, private credit funds lend directly to Australian companies — term loans, acquisition finance and bespoke facilities the banks will not write.
READ EXPLAINERThe Regulatory Perimeter: ASIC's Focus on Private Credit
A A$234.5b market growing at 21% a year was never going to stay outside the regulatory spotlight. Here is what ASIC has done, and what is likely next.
READ EXPLAINER