Australia & New Zealand: July 2024 to June 2025 Private Credit Wrap

The Australia and New Zealand private credit market saw AUD 19.1bn (USD 12.5bn) in deals from July 2024 to June 2025, spanning 95 corporate borrowers.

Our latest Private Credit Wrap delivers a comprehensive analysis of the year’s activity - from deal volumes and sector trends to regulatory shifts shaping the market’s future.

Report highlights:

• Corporates in the region raised over AUD 19.1bn equivalent (USD 12.5bn) from July 2024 to June 2025: We tracked AUD 19.1bn equivalent (USD 12.5bn at today’s exchange rate) in deal volume across the Australia and New Zealand private credit markets in the 12-month period to 30 June 2025 across 95 corporate borrowers.
• A total of 82 lenders participated in the corporate private credit market: Global fund KKR Corporate Lending led by deal count, with six transactions over the period.
• Materials, Industrials and Energy make up more than 50% of deal volumes by sector: The Materials, Industrials and Energy sectors made up 54.2% of volume.
• LBO transaction uptick with monetary policy easing cycle tailwinds: There was a slight uptick in leveraged buyout (LBO) transactions from private equity funds against the backdrop of monetary policy easing. We tracked 10 sponsor-backed deals that hit the private credit markets.
• Regulatory update on fair treatment of investors: In February 2025, the Australian Securities and Investments Commission (ASIC) published a discussion paper on private capital markets, seeking engagement from market participants.

‍