Sep 4, 2026 – 6.12pm″We don’t think this will be the end of it,” says Escala Partners’ investment adviser Ed Brooke. He is referring to the collapse into voluntary administration of Sydney property developer Bathla owing an estimated $3.4 billion to creditors. Like others, Brooke warns of a perfect storm for private credit stemming from a combination of rising construction costs, project delays, falling property prices, and private credit refinancing drying up.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Joanna MatherEditor - wealth, work, wellnessJoanna Mather joined the AFR as an education reporter in 2008. She spent four years in the Canberra press gallery before becoming superannuation reporter in 2016, deputy news director in 2021 and wealth editor in 2023.Fetching latest articles
Money in private credit? Investment advisers on what to do after Bathla
For the past year, ASIC has been cracking down on how private credit funds are marketed to the public. Here’s what you need to know.
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