In this market outlook, we discuss Roc Partners’ 2H 2023 outlook for private markets including the impact of continued uncertainty in the Australian market on private credit and capital deployment opportunities, as well as the key factors driving activity levels in the global secondaries market.
In this market outlook we discuss Roc Partners’ 2023 outlook for investment opportunities within private markets including the impacts of higher inflation and interest rates, changes to institutional allocations to private markets, the growth in Asia-Pacific secondaries, and trends in food and agriculture.
The Australian private debt market reached $133 billion at the end of 2021, up by $100 billion over five years. While private credit is growing, the asset class is not widely understood by investors. Simply put, private credit is non-bank lending provided to private, sponsored and public companies; the debt is not issued or traded on public markets and as such benefits from an illiquidity risk premium, which can help to drive investor returns.