Macquarie Approves 17 Private Credit Funds After Governance Review
Synopsis
The investment manager has approved 17 private credit funds for its superannuation members following a 10-month industry-wide due diligence review aimed at strengthening investment governance.
Macquarie Investment Management has green-lighted 17 private credit funds on its superannuation platform after 10 months of governance review changed the process of investment, due diligence and ongoing fund management.
The approved list comprised some previously existing and some new private credit funds that eligible members of the platform and superannuation can open up. The review comes after a number of private credit products were removed from Macquarie’s books after the collapse of the Shield Master Fund led to an increased attention on investment governance issues in the sector.
The review also comes at a time when Australia's market regulator, ASIC, is increasing its regulatory scrutiny of private credit.
Valuations in private markets were highlighted for their positive side, however in Report 820 (2025) the watchdog identified where governing, monitoring, and reporting for valuation duties of responsible entities and trustees needs improvement.
Since that report, ASIC has continued to review private credit products, with a focus on valuation and risk pre-reporting.
Private Credit Draws Greater Regulatory Attention
Private credit refers to any type of loan or other credit issued by investment funds or other financial non-banks, but not by a standard commercial lender. Given that institutions were looking for other sources of returns, it has grown significantly in recent years.
With a predicted continued rise for years to come, global AUM in private credit markets reached approx USD$2 trillion in 2025, according to The Future of Alternatives 2029, a report published by investment data provider Preqin.
North America still represents the dominant market for private credit followed by Europe and then Asia Pacific, where allocation in private markets is lower but still on an upwards trajectory as pension and institutional investors funnel capital into it.
Macquarie Group posted FY25 net profit of $3.72 billion with AUM of $941 billion in the latest fiscal year. The 17 funds comprise part of a larger group of private funds approved under the internal governance review process, designed to bring investment platforms into line with higher governance standards as regulation rises for private credit funds in Australia.
Resource: Capital Brief
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Pooja Malik is a business journalist with over six years of experience covering startups, entrepreneurship, and emerging trends. She has previously worked with leading media platforms such as YourStory Media and BW BusinessWorld, where she reported on business, policy, and market developments. Currently, she serves as Editor at The Inspirepreneur Magazine, where she writes and edits stories across business, lifestyle, and travel, with a focus on clarity, accuracy, and reader relevance.
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