04/06/2026
Private credit is booming in Australia but not all non-bank lenders are playing the same game.
As capital floods into the sector, the real risk isn’t always obvious. Differences in lending standards, structure, and governance are widening, yet many investors are still focusing on headline returns rather than what sits beneath them.
In this article, we break down where those risks actually lie and what to look for when assessing a private credit manager.
Is every private credit lenders equal? Discover the critical risks, fund structures, and how to separate disciplined non-bank lenders from the "tourists"