Private credit fears grip Australia after property firm collapse
FINANCEASIA
More than a month after Bathla’s unraveling, lenders and investors are focused on whether the failure is an isolated casualty or an early warning sign.
FINANCEASIA
More than a month after Bathla’s unraveling, lenders and investors are focused on whether the failure is an isolated casualty or an early warning sign.
STOCKHEAD & THE AUSTRALIAN
Private credit has found itself in the spotlight after several big US funds restricted investor withdrawals. But while “gating” can sound alarming, the bigger question for investors is whether illiquidity is really a warning sign – or simply part of how private credit works.
THE INSIDE NETWORK
Zagga CEO comments on retiree investments, the market, and manager selection. Interview by The Inside Network.
ARTICLE – SEPTEMBER 2026
The June quarter GDP confirmed a step down in growth from a peak of 2.6 per cent at the end of 2025 to 2.1 per cent. Slower growth is a central theme of the tightening in economic policy in 2026 as a means to lower the inflation rate. It is yet to fully play out.
Private credit is facing a credibility test. No two private credit fund managers are the same, and periods of volatility are when those differences become most apparent. Ultimately, outcomes are determined not by the headline return itself, but by the depth, discipline and risk management underpinning the underwriting process.
In more buoyant markets, investors have often assessed performance primarily through the lens of returns. Yet returns alone are an incomplete measure of manager quality. When conditions become more challenging, attention shifts to how those returns were generated, the risks taken to achieve them, and how effectively those risks are managed when market conditions change. It is this discipline, rather than performance in isolation, that separates managers over the long term.
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Zagga Market Pty Limited (Australian Credit Licence 490904) ACN 611 662 401 acts as the Servicer of loans acting on behalf of the credit provider, Zagga Investments Pty Limited (AFSL 492354) ACN 615 154 786, trustee of the Zagga Investments Lending Trust
All portfolio numbers quoted correct as at 30 June 2026.
*Average investor return across the active portfolio as at 30 June 2026.
**Target return is after expenses and any applicable management fees for the year ended 30 June 2027. OCR = Australian Reserve Bank Official Cash Rate.
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