Rich Australians Push Into Private Markets as Credit Risks Grow
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Private Credit Boom:Wealthy Australians are increasingly steering their money into private markets, reshaping the way the nation’s richest build their fortunes. But the shift is unfolding as global credit risks stir.The number of high-net-worth individuals allocating money to private assets jumped 17% this year to 171,000, according to a report by LGT Wealth Management in November, with appetite for private credit particularly strong.