Australian Private Credit Probe Faces Hurdles From Trading, Fees.

The Australian Securities & Investments Commission is conducting a two-year review of the private credit market, facing challenges such as the absence of a secondary loan market and non-standardized fees. Retail investors are increasingly entering this market, which accounted for over 10% of Australia's corporate debt in 2023. Concerns over valuations, fees, and lack of transparency have prompted ASIC to prioritize private markets and engage with stakeholders to address these issues. [Extracted from the article]