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The rise of three Australian non-bank lenders owned by Blackstone, Cerberus and KKR illustrates changing lending dynamics in the country.
Who has been benefiting from covenant-lite leveraged loans from Australia this year?
Future is unclear for the Brisbane-based asset manager as receivers are appointed after ‘significant instability and uncertainty’ at Blue Sky.
Australia’s unusual banking set-up has kept private debt providers at bay, but opportunities are emerging at the smaller end of the market.

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