Ahead of Wholesale Investor’s Emergence 2026 Conference, The Stock Network host Lel Smit is joined by Dean Weinbren, Managing Executive at TermPlus, to discuss how income portfolios are changing, why global private credit has become increasingly relevant for Australian investors, and what investors should be thinking about as they reassess how their money works for them.

1. The shift toward income and stability.

With market volatility and uncertainty persisting, Australian investors have increasingly favoured income-oriented strategies with more stable return profiles. What do you see as the key drivers behind this shift in investor behaviour?

2. Changing dynamics in traditional income assets.

Parts of the traditional income universe – including bank hybrids – have contracted or disappeared altogether.

To what extent has this structural change accelerated investor demand for alternative income solutions?

3. Understanding global private credit

TermPlus delivers monthly income sourced from the global private credit market – an asset class long used by institutions but relatively new for Australian investors at scale. How do you explain what global private credit is, and how it differs from the Australian private credit market, to someone encountering it for the first time?

4. Making private markets accessible.

Private markets are often perceived as complex and difficult to access. How has TermPlus been structured to simplify access while maintaining institutional-grade investment discipline?

5. Risk, realism and long-term outcomes.

No asset class is risk-free, and investor education remains critical. How do you frame risk in a balanced and transparent way while setting realistic expectations for investors?