ASIC: Private credit is “good for the economy and investors”
Private credit is “good for the economy and investors”, a new report from the Australian Securities and Investments Commission (ASIC) has found.
The report compiled feedback from over 90 submissions received in response to a discussion paper on the evolving dynamics between public and private markets in February this year.
Read more: Australian private market surge predicted
One of the key themes it found from the responses was that private credit is positive, but that work may need to be done to “ensure it is sustainably done well”.
ASIC has now commissioned a report on the private credit environment across the country.
Read more: La Trobe Financial launches private credit fund
“ASIC’s work will be informed by current surveillance activity of retail and wholesale providers of private credit and private market managed investment schemes,” it said.
Australia’s private credit market is estimated to have hit AUSD$188bn (roughly £90bn) in assets under management, up from around $133bn in 2021.
Read more: Australian RE investment manager launches private credit fund
