Australia's Private Credit Market Sees Growing Regulation Amid BGH's A$1.4 Billion Loan Deal

Several major private credit managers, including Goldman Sachs Asset Management, Blackstone, and Apollo Global Management, are expected to provide a A$1.4 billion loan to support BGH Capital's acquisition of Aspen Pharmacare Holdings' Asia Pacific operations. The deal highlights the growing importance of private credit as a funding source for large Australian transactions amid tightening traditional bank lending. However, the Australian Securities & Investments Commission has stepped up oversight due to concerns around valuations, fee structures, and conflicts of interest.