Sep 8, 2026 – 12.00pmBalmain chief executive Andrew Griffin says it would unnecessarily endanger his investors to support efforts by the administrators of failed property developer Bathla, with the private credit fund taking control of the company’s projects that it was financing.Griffin’s comments come as receivers have been appointed to at least 17 Bathla projects so far, documents filed with the corporate regulator show. Aside from Balmain, other Bathla lenders including private credit house Wingate, Trilogy Funds, and Centaur Property Funds Management, have also moved to take control of construction sites and land to which they have lent.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles