The alternative investment giant and another firm, Qualitas, both said they declined opportunities to lend to the now-collapsed Sydney property developer.

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.

The alternative investment giant and another firm, Qualitas, both said they declined opportunities to lend to the now-collapsed Sydney property developer.

The private credit fund says putting more money in to help administrators of the collapsed property giant would put its investors “further away from safety”.