Investment giant Soul Patts says it expects to continue making bumper returns from its $1.6 billion private credit business and isn’t concerned about the rise of bad investments in the sector that have caused anxiety among rivals.
In September, Soul Patts merged with Australia’s largest brick making company Brickworks in a $14 billion deal that undid a decades-old cross-shareholding arrangement, and created a group with an investment portfolio across equities, property, private companies and private credit worth $14.5 billion.
