Aug 14, 2026 – 9.55amAustralian private credit funds delivered triple the returns of ultra-safe government bonds over the past year, delivering a windfall for investors despite growing unease about the health and transparency of loans.Returns in Australia’s listed and unlisted private debt funds averaged returns of 5.6 per cent in the 12 months to June 30, according to Morningstar analysts, while those managed by Pengana, Mosaic and Metrics Credit Partners delivered more than 10 per cent after fees in that period.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Private credit delivers triple the return of bonds in bumper year
Higher interest rates have been a boon for non-bank lenders, but are also creating concerns about whether a heavy real estate exposure is hiding troubled loans.
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