Asset Backed Finance

Stepping into Private Credit Over twelve months ago, we made the move into private credit – both drawn by the opportunity to work in a fast-growing part of the financial industry. While we came from different backgrounds, we were both curious about what it meant to operate in a space that sits at the intersection […]

Key Considerations for Borrowers The private credit market in Australia has experienced significant growth and is becoming an increasingly important part of the financial landscape. Private credit now accounts for approximately 11% of business lending in Australia, according to recent Reserve Bank of Australia data. However, this market share is still considerably lower than in […]

Since May 2022, with rising interest rates and increased concerns about the outlook for the economy, equity market support for fintech and non-bank financial institutions (“NBFIs”) has dramatically declined. In Australia, listed NBFIs have gone from being valued richly on multiples of revenue to trade in some instances at less than their tangible net asset […]

Realizing transformative business opportunities often requires additional capital and navigating significant complexity. In Australia’s middle market, despite a well-established private equity ecosystem, the availability of debt capital to support transformational initiatives remains limited and restrictive. Both traditional banks and non-bank lenders face constraints, particularly within the $10 million to $50 million range, especially if property […]

With inflation and interest rates on the rise, lenders are increasingly scrutinising expenses such as home ownership when assessing borrower risks, reducing access to credit for many consumers and small businesses. Home ownership has traditionally been seen as the great Australian dream and has traditionally be seen as a positive when underwriting unsecured consumer or […]