Australia-Based Private Debt Investors Look to Distressed Debt
The pace of growth of the Australia’s private debt market has trailed behind other regions, most notably the US and Europe, but it is finally seeing an uptick. After a year-on-year decline in assets from 2013 to 2015, Australia-based assets has seen its private debt industry grow once more. As at March 2018 – the latest data available – Australia-based private debt assets under management stands at $920mn. This includes $400mn in dry powder, which is in fact, the largest amount of dry powder that Australia-based private debt firms have held since the end of 2009, when dry powder stood at $470mn.