Reported 11 months ago
Australian money manager Tanarra Capital Pty Ltd. is preparing to launch a A$1 billion ($667 million) private credit fund for lending to local companies in Australia. The fund will target diversified industrial companies with loans ranging from A$100 million to A$150 million, featuring maturities of seven to 12 years and high single-digit interest rates. This initiative aims to offer an alternative funding source for Australian companies in a market dominated by banks and bonds while also tapping into the country's expanding pension assets.
Source: YAHOO