Australia

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.