Solitaire Insights
 

Australia’s private credit market has exploded to roughly $200 billion, driven by institutional capital chasing yield and banks retreating from higher-risk lending since the GFC. Approximately 40-60% of that exposure is allocated to real estate, 20-40% to corporate lending, and 10-30% to ABF. The ASIC review paints a sobering picture beneath the headline growth. At the top end, large global managers are disciplined, with independent valuations, transparent fee structures, and

Lawrence Golub, billionaire CEO of Golub Capital, pushed back against “private credit bubble” fears at the Forbes/SHOOK Summit in Las Vegas, arguing that direct lending strengthens 60/40 portfolios and has outperformed roughly half of private equity funds over decades. With around $3 trillion now committed to private credit, Golub noted that most competition is concentrated in large syndicated loans, leaving the middle market less crowded and rich with opportunity. As PineBri

The region accounts for more than two-fifths of global GDP and is expected to drive over 60% of global growth, yet its corporate debt markets reveal a clear gap. Asian non-financials owed about US $13.9 trillion at the end of 2024 across bonds, syndicated loans and private credit, while APAC private-credit AUM stood at roughly US $86 billion in 2024 (about 6% of a US $1.5 trillion global market). The asset mix remains heavily skewed toward equity, with private-equity to priva

Recent bankruptcies, including Tricolor and First Brands, are a reminder that easy money masked weak balance sheets. The headlines tried to speak of this as a Private Credit issue, yet the bulk of the exposure sat with banks and liquid credit markets. Private vs public credit Private lenders run deeper diligence and negotiate tighter structures. In liquid markets, speed often replaces scrutiny. Asset-backed finance's transparency, covenants, and analytics help avoid that conc

EQT is on track to surpass Blackstone's most recent Asia private equity fund in size, having already secured $11.4 billion for its new fund and aiming for a $14.5 billion target. In contrast, Blackstone's latest Asia fund had raised $8 billion by July 2025 and was targeting $10 billion. Read More: https://www.privateequityinternational.com/download-the-june-2025-issue-of-private-equity-international/