The private credit cockroaches eating our rich-listers

Some of Australia's rich-listers are getting burnt as private creditors get roasted by the failures of publicans and property developers, and the pain may not stop there. The Sydney Morning Herald examines the fallout from the rapid growth of private credit, as collapses involving Bathla Group, pubs associated with Jon Adgemis and other troubled borrowers expose wealthy investors and private lenders to losses. The piece looks at how stress in property and hospitality is testing a sector that expanded rapidly as traditional banks pulled back from riskier lending.

More from the Sydney Morning Herald via MSN