Global private credit is one of the fastest growing asset classes over the last 15 years, driven mainly by the US and European markets, and is widely accepted as a staple, and, growing part of how big institutional investors invest their money. But even though it’s a hugely popular asset class within large institutions around the world. It’s a very new asset class to everyday Australians. – because unless you’re a major financial institution, global private credit has not really been available to you in any meaningful way… until now.
So what actually IS global private credit?
In Australia – our banking sector is fairly simple – Australia has 4 main banks that, depending on your unit of measure, makeup somewhere between 76% and 90% of the banking sector. But in the US and Europe – the baking sector looks very different. There are almost 5,000 different bank brands in the United States alone.
In this video, Dean Weinbren, Managing Executive of TermPlus, provides a good foundational understanding of what global private credit is, its history, and the characteristics that it presents as an investment option.