By Scott Murdoch
SYDNEY, June 18 (Reuters) – Australia’s corporate regulator said the country’s A$200 billion ($141.14 billion) private credit market must ensure asset valuations accurately reflect global economic upheaval as they finalise accounts for June 30, the end of the financial year.
• The Australian Securities and Investments Commission, or ASIC, carried out a survey of 22 private credit managers from March until May
• The managers had oversight of 52 funds with a combined A$76 billion in assets
• The survey found pockets of higher defaults, impairments and loan amendments
• It said the current global economic upheaval presented the first real test faced by Australia’s private credit sector
• The sector is in its infancy compared to overseas markets, especially the U.S.
• The survey found new funds were being established more slowly
• It found some “concentration risk” as property, development and construction emerged as a common asset held by the Australian funds
• “If valuations do not reflect current conditions and incorporate verified accurate information, there is a higher risk of misinformation and poor investor outcomes,” ASIC said
($1 = 1.4170 Australian dollars)
(Reporting by Scott Murdoch; editing by Barbara Lewis)
By Scott Murdoch | Reuters | © Copyright Thomson Reuters 2026.
