You can throw another few billion dollars on private credit’s $40 billion Australian footprint, thanks again to its willingness to fund a sector our big banks have largely left behind.
While we think of private credit as funding property development and leveraged buyouts, it is also piling into Australia’s cash-generative coal miners and funding their acquisition and expansion plans.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
